16 August 2012
NLMK creates new position of Executive Vice-President
NLMK (LSE: NLMK), the leading global steel company, today announced the appointment of Oleg Bagrin, a Member of the Board of Directors and Chairman of the Strategic Planning Committee, to the newly created position of Executive Vice-President.
The appointment of a Member of the Board of Directors to the Company’s top management will ensure timely transmission and monitoring of the Board’s decisions.
Oleg Bagrin is a member of NLMK Group Board of Directors since 2004.
He is Chairman of the Strategic Planning Committee and a member of the Audit Committee. Mr. Bagrin is a Board member of a number of NLMK subsidiary companies, including NLMK International B.V. (Netherlands), NLMK Pennsylvania Corp., NLMK Indiana LLC, Sharon Coating LLC. (USA).
Mr. Bagrin is Managing director of Libra Capital, a Moscow-based investment management company. He is a Board member of Freight One, a railroad transportation company.
Mr. Bagrin holds a graduate degree in Operations Research and a post-graduate degree in Economics from State Management University, Moscow and a degree in Business Administration from the University of Cambridge, UK.
NLMK is an international vertically-integrated steel-making company with production facilities located in Russia, Europe and the US. The liquid steel capacity of its operating unites exceeds 15mtpy. In 1H 2012, the Company generated US$6,351 million of revenues and a 16.2% EBITDA margin. The Company’s shares and GDSs are traded on the MICEX-RTS and LSE, respectively.