Russian owner Fesco Transportation Group has announced a new vice president of finance to replace Victor Belyakov.

It said on Tuesday that from 1 February, Maxim Sakharov will take on the role.

He was previously director of operating efficiency and business analysis and has been with the company since 2005.

Belyakov has resigned, but will advise Sakharov on key issues in order to “ensure an effective and smooth transition of responsibilities.”

“We wish