News

24 May 2013

NLMK appoints new Vice President for Investment Projects

NLMK (LSE: NLMK), a leading global steel company, is pleased to announce the appointment of Konstantin Lagutin to the newly-created position of Vice President for Investment Projects.

The main priorities for the new manager will include general coordination of the company's investment activities and preparation for the gradual roll-out of а corporate project management system, based on the best practices from Russia and the rest of the world. Mr Lagutin will also be supervising the implementation of NLMK Group’s Development Programmes, including at Stoilensky, NLMK’s iron ore mining asset.

For reference:

Konstantin Lagutin was born in 1966. He has over 20 years of executive experience in the oil and mining industries. He was General Director at the Ryazan Oil Refinery Company, Executive Director of Belon, and Head of the EvrazHolding Mining Division. He has extensive experience in implementing major investment projects: he managed the revamp of the Ryazan Oil Refinery Company, the construction of coal mines and plants in Kuzbass, the modernization of Kachkanarsky Ore Mining and Processing Plant, and the development of new iron ore and coal deposits. He holds the PMI Project Management Professional credential. In 2003 he received an МВА from Duke University (USA) in General Management.

About NLMK:

NLMK is an international vertically integrated steelmaking company with production facilities in Russia, Europe, and the USA.

The crude steel capacity of its operating units exceeds 15 mt/y. The company generated USD 12.2 billion of revenues and USD 1.9 billion of EBITDA in 2012. The company’s ordinary shares and GDSs are traded on the Moscow Stock Exchange (MICEX-RTS) and the LSE respectively.