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Tuesday, September 24, 2013

Petrov Moves to Rostec; Russian Helicopters Appoints New CEO

The board of directors of Russian Helicopters has promoted Alexander Mikheev to CEO of the helicopter manufacturer, replacing Dmitry Petrov, who will take a role within Rostec State Corp. Russian Helicopters is a subsidiary of Oboronprom, which is part of Rostec. Mikheev is the former deputy CEO of Rosoboronexport, a division of conglomerate Russian Helicopters.

 

New CEO Alexander Mikheev. Photo courtesy of Russian Helicopters

 

Rostec CEO Sergey Chemezov noted in a statement that the strategy for Russian Helicopters “targets an increase in global market share to 18-20 percent from the current 14 percent by 2020, including by expanding its presence in the CIS, China, India, the Middle East, Africa and Latin America.” That includes a goal of producing 470 helicopters annually by 2020, with revenue projected at around 240 billion rubles.

Related: Airframe News

 

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