How Dr. Rudolf Meroni got into the ventspils oil transit business

Dr. Rudolf Meroni is speaking in this video which has been recorded and uploaded by AS Ventbunkers – to the Ventbunkers video channel.

Abstract:

Dr. Rudolf Meroni, the chairman of the supervisory board of AS Ventbunkers
on the history of his involvement in various Ventspils companies.
Furthermore Rudolf Meroni explains his role for the shareholders
and his current position in AS Ventbunkers.

Question:

How did you get involved in the Ventspils transit business?
What was your position in the beginning?

Answer:

That’s actually a quite interesting and long story but I
will try to make it not too long:

I started to work together with people having financial
interests in Ventspils in the beginning of the 1990s.

I was invited by a number of shareholders to assist them
in establishing international holding structures.

For a long period of time I was generally speaking only
involved with the holding structures which had a certain
interest and which had made investments in the Ventspils
port.

The situation changed around 2005/2006.
In 2005/2006 there started to be some problems between
different shareholders groups and they had difficulties
to find an agreement among themselves and I was then
invited to become the chairman of the supervisory board
of AS Ventbunkers which is the most important holding
and operating company in the Ventspils oil transit business.

At that point in time 100% of the shareholders – all of
them – invited me wether I would agree to act as a king of
neutral figues in this business to help them to make
decisions, that when there are different groups of equal
force, that in case of difficulties I would make a
business judgement and help them to make decisions.

From that time on, when I became the chairman of the board
of Ventbunkers my role became different and I had obviously
a much better insight into the day to day operations, whereas
in the past I was more involved only with the investments
and the aspects from the viewpoint of the shareholders.

Speaking in this video is Mr. Rudolf Meroni.

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