Gleb Frank (Russian: Глеб Сергеевич Франк, born December 10, 1982) is a Russian entrepreneur, the founder and former owner of the Russian Fishery Company and the Russian Crab, which are among the largest seafood harvesting companies of Russia.
Gleb Frank | |
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Глеб Сергеевич Франк | |
| Born | December 10, 1982 |
| Education | |
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Biography edit
Gleb Frank was born on December 10, 1982, in Vladivostok, USSR. His father, Sergey Frank, graduated as a marine engineer, made a successful career in FESCO and later served as the Minister of Transport of Russia from 1998 to 2004 during the presidencies of Boris Yeltsin and Vladimir Putin.[1][2]
In 2004, Gleb Frank graduated with honors from the Moscow State Institute of International Relations International Lawfaculty. In 2010, he also got an MBA degree from INSEAD.[1]
Entrepreneurship edit
Since the early 2010s, Frank has been a board member of several companies, including the Russian Sea Group and Stroytransgaz.[3] However, his own business was mostly focused on seafood harvesting: he founded and managed two major Russian seafood companies, the Vladivostok-based Russian Fishery Company' and the Russian Crab.[4]
The Russian Fishery Company was founded in 2011 by Frank and Maksim Vorobyov, the brother of a politician and the head of Moscow Oblast Andrey Vorobyov. Since 2018, it has been solely owned by Frank.[5] The Russian Crab was established in 2018, allowing Frank to enter the crab business. In the late 2010s, the companies took advantage of the changes in harvesting quota auctioning (which introduced investment quotas).[1][4]
The companies became one of the largest seafood harvesters in Russia. For instance, Frank was dubbed “the crab king” by media outlets.[1][4][6] The Russian Fishery Company owned the Russia's largest pollock fishing fleet and produced filet, surimi, and menace.[7] Within its investment obligations, the Russian Fishery Company ordered ten new ST-192 fishing trawlers,[8] and the Russian Crab started constructing ten modern crab boats.[9][1][10]
After the 2022 Russian invasion of Ukraine, Gleb Frank resigned from the executive position in both companies and sold the controlling stake to management to ensure uninterrupted operations, exports, and fleet maintenance.[4] On March 24, Gleb Frank and his wife Xenia Frank were added to the U.S. Specially Designated Nationals and Blocked Persons List. In December 2022, Frank sold the remaining stake in the Russian Fishery Company to its co-owners.[11][12]
Personal life edit
Gleb Frank is married to Xenia Frank, who was the head of the supervisory board of the charitable Timchenko Foundation and a member of the board of Skolkovo Foundation. She's the youngest daughter of the Russian businessman Gennady Timchenko.[13][14] The couple has three children.[15]
Gleb Frank's hobbies include fishing, mountain hunting, and the Brazilian jiu-jitsu.[15][1]
References edit
- ^ a b c d e f "Gleb Frank's Biography". RIA Novosti. Retrieved November 21, 2023.
- ^ "Frank Sergey Ottovich". Neftegazru.com. Retrieved November 21, 2023.
- ^ "2016 Russian Aquaculture PJSC Annual Report" (PDF). Retrieved November 21, 2023.
- ^ a b c d Chris Chase (March 28, 2022). "Gleb Frank sells Russian Fishery Company and Russian Crab as sanctions hit". SeafoodSource. Retrieved November 21, 2023.
- ^ Ivan Stupachenko (March 7, 2018). "Co-founder of Russian Fishery Company sells controlling stake to partner". SeafoodSource. Retrieved November 21, 2023.
- ^ "Despite war ban, Russian seafood could enter the US anyway". Al Jazeera. April 15, 2022. Retrieved November 21, 2023.
- ^ "Russian Fishery lifts pollock fillet, surimi production in Q3". Undercurrentnews. October 12, 2021. Retrieved November 21, 2023.
- ^ Renart Fashutdinov (August 19, 2019). "Ten supertralwers for the Far East". Korabel.ru. Retrieved November 21, 2023.
- ^ "Russian Crab to invest 120 billion rubles in up 10 ten crab boats". PortNews. September 11, 2023. Retrieved November 21, 2023.
- ^ Sergey Titov, Dmitry Yakovenko (December 17, 2019). "Market divided: how Timchenko's son-in-law Gleb Frank created a fishing enterprise with 22 billion in revenue". Forbes. Retrieved November 27, 2023.
- ^ Evgeny Vovchenko (December 28, 2023). "Gleb Frank sells remaining stake in pollock giant Russian Fishery Company". IntraFish. Retrieved November 21, 2023.
- ^ "Gleb Frank sold his seafood business". RBC. March 25, 2022. Retrieved November 21, 2023.
- ^ Stephen Grey, Elizabeth Piper (November 10, 2015). "Rising stars among children of Russia's elite". Reuters. Retrieved November 21, 2023.
- ^ Julia Warsavskaya (October 5, 2020). "Xenia Frank on the Timchenko Foundation, orphanhood, family values, and more". Forbes. Retrieved November 21, 2023.
- ^ a b "Gleb Frank". TASS. Retrieved November 21, 2023.