Gleb Frank became the king of pollock. Biography of Gleb Sergeevich Frank Offshore ownership structure

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Frank Gleb Sergeevich is an entrepreneur, known primarily as the founder and owner of the RRPK company, the largest pollock producer in Russia and the world. It is also partly owned by the enterprises RPK Nord (field of activity - industrial oil transshipment) and Infotek-Baltika (sea cargo transportation). Chairman of the Board of Directors of the construction company Stroytransgaz, a general contractor in the field of design, construction and comprehensive maintenance of energy industrial facilities.

Early years and education

Born in 1982 in the city of Vladivostok. When Gleb was 13 years old, the family moved to Moscow. After graduating from the capital's secondary special school with in-depth study of a foreign language, Gleb Frank entered MGIMO and became the holder of an international lawyer's diploma. Having decided to devote himself to business, he receives an appropriate education in Europe. Gleb Frank has an MBA degree from the French INSEAD Business School, as well as a diploma of completion of two training courses taken at the International Institute of Management Development (Switzerland).

Beginning of career and RRPK

In 2011, Gleb Frank became one of the members of the board of directors of Russian Aquaculture, the largest Russian importer of fish. Soon, the young ambitious entrepreneur decides to start his own business and in the same year establishes the Russian Sea – Production company. Today, the holding, known as the Russian Fishery Company (renamed in 2014), specializes in catching Far Eastern fish and is considered the largest pollock producer in Russia. As of 2017, the company had a quota of 226,300 tons, which is about 14% of the total Russian pollock production.

At the beginning of 2018, the businessman bought back part of the securities and became the main owner of RRPK, owning 89.95% of the company’s shares.

Other business projects

In 2014, Gleb Frank successfully headed the board of directors of the Stroytransgaz joint-stock holding, which serves energy projects of national and international scale. Two years later, he buys shares in RPK Nord, the owner of the floating oil storage facility Umba, whose cargo capacity is about 300,000 tons. Another acquisition of the entrepreneur was a part of the Infotek-Baltika company, which operates in the field of complex sea transportation of cargo of various categories and has its own representative offices in almost all major Russian ports, from St. Petersburg to Murmansk.

Son-in-law of Gennady Timchenko ousted the brother of the governor of the Moscow region Andrei Vorobyov from the fishing business

Gennady Timchenko's son-in-law Gleb Frank is acquiring the share of Maxim Vorobyov, brother of the governor of the Moscow region, in Russian Fishery Company LLC (RRPC) and will become its controlling owner, the company announced. Representatives of businessmen also confirmed the information. RRPK is one of the largest companies in Russia for the production of Pacific fish - pollock and herring. In the pollock market, the most popular and profitable Russian fish, RRPK ranks first in Russia and third in the world, according to its own data.

The company was founded by Frank and Vorobyov in 2011 and was originally called “Russian Sea - Production”, later it was renamed RRPK.

Now, according to the Unified State Register of Legal Entities, the shares between the partners in RRPK are distributed as follows: Frank has 45.25%, Vorobyov has 44.7%, another 5.48% belongs to RRPK General Director Andrey Teterkin. The remaining 4.57% is owned by RMD Yuva, which is 100% owned by RRPK.

Consequently, after the transaction, Frank will directly own almost 90% of the company. And taking into account the share of RMD Yuva, more than 94% of the RRPK will be under Frank’s control. The transaction will also include shares in other legal entities of RRPK, the company said in a statement.

Gennady Timchenko's son-in-law Gleb Frank acquires the share of Maxim Vorobyov, brother of the governor of the Moscow region

The transaction amount is not disclosed. It will be closed after receiving approval from the Federal Antimonopoly Service.

In 2016, the company's revenue amounted to $238.1 million, EBITDA - $107.1 million, according to unaudited IFRS statements, the company reported. She did not publish data for 2017.

In 2017, RRPK also began to deal with crab: it won quotas for the production of 2,400 tons of crab at the Rosrybolovstvo auction.

Negotiations on the sale of the share began last year and lasted about six months, says an acquaintance of Vorobyov and Frank. “Maxim and I created RRPK seven years ago and together we went through a difficult path to the company’s leadership position in the Russian market. I am grateful to him for this,” Frank said in a company statement.

Vorobiev decided to concentrate on his other projects, including aquaculture production, says his friend. Vorobyov is the main shareholder of Russian Aquaculture, a major producer of lake trout and Atlantic salmon.

Maxim Vorobyov, brother of the Governor of the Moscow Region Andrei Vorobyov

Now RRPK faces large-scale tasks related to the modernization of the fleet and the construction of new ships, expanding the geography of its presence and finding new sales channels for its products, notes Frank.

RRPK has indeed recently announced big plans for further development. Thus, in 2017, it signed an agreement with Russian shipyards for the construction of six trawlers under the state investment quota program; the contract allows for the construction of two more trawlers. This will increase RRPK quotas by 150,000–200,000 tons. The total investment in the new fleet will be about $900 million. RRPK also intends to invest more than $30 million in onshore processing facilities. In addition, the company plans to increase the share of fish fillets in its production.

Ekaterina Burlakova

Early years. Education

In 1995, the family moved to Moscow in connection with the appointment of Sergei Ottovich as deputy director of the Department of Maritime Transport under the Ministry of Transport of the Russian Federation. In 1999, Gleb Frank graduated from the capital’s school with in-depth study of English and entered the Faculty of International Law at MGIMO.

Having received a diploma in international law from one of the most prestigious universities in the country in 2004, he continued his education in Europe. He received a Master of Business Administration (MBA) from the French business school INSEAD (2010). He took the High Performance Boards and Leading Family Office courses at the Swiss International Institute for Management Development (in 2011 and 2015, respectively).

Business career

In 2014, Gleb Frank became involved in issues of the oil and gas industry, heading the board of directors of ZAO Stroytransgaz, a holding company engaged in servicing large projects, supplying and setting up specialized equipment.

In 2016, the entrepreneur became a shareholder of the Nord company. This enterprise owns an offshore transshipment complex - a first-category oil storage tanker "Umba" with a cargo capacity of 300 tons.

Expanding his business, Frank acquired part of the Infotek-Baltika enterprise, specializing in the transportation and support of goods sent by sea. The company charters ships, hires a crew and handles all the necessary paperwork, and also provides services for the delivery of goods by land. The company has representative offices in the largest ports of the Russian Federation: St. Petersburg, Ust-Luga, Primorsk, Arkhangelsk, Vysotsk, Murmansk, etc.

Family

After Gleb Frank became the largest co-owner of Russian Aquaculture (formerly Russian Sea), rumors appeared about the possible departure of Maxim Vorobyov from this asset. Independent experts told The Moscow Post correspondent about this.