16 December 2013

NLMK Group appoints new Vice President for Sales

NLMK Group appoints new Vice President for Sales
NLMK Group (LSE: NLMK) announces the appointment of Ilya Guschin as Vice President for Sales. Sergei Khorn, former acting Vice President for Sales, is appointed his deputy.

Ilya Guschin is responsible for coordinating NLMK Group’s sales divisions in order to enhance their efficiency. Service centers and sales companies currently offer an uninterrupted supply of NLMK Group’s steel products and a high quality of service to consumers in over 70 countries around the world.

NLMK CEO Oleg Bagrin said:
“NLMK’s sales policy is based on creating competitive advantages for our clients by providing top-quality products and services, a customized approach and an uninterrupted supply. The new vice president has been charged with a challenging task of enhancing the efficiency of our sales divisions in the difficult market conditions, including through the promotion of HVA steel products in new markets.”

This position was previously held by Dmitry Baranov, who is leaving the company to pursue his own projects. NLMK management would like to thank Dmitry Baranov for his many years of service strengthening NLMK’s positions in domestic and international markets.

For reference

Prior to joining NLMK, from 2009 to 2013 Ilya Guschin worked for SIBUR, including as head of the group’s export division, SIBUR International. From 2008 to 2009, he served as Financial Director at Moscow School of Management “Skolkovo”. From 2002 to 2007 he held various positions at Microsoft. He holds a PhD in Economics. He graduated from the Faculty of Economics, Moscow State University.

About NLMK

NLMK is a vertically integrated steelmaking company with production facilities in Russia, Europe and the USA. The Company’s crude steel capacity is over 17 million tonnes per year. The Company generated US$ 12.2 billion in revenue and US$ 1.9 billion in EBITDA in 2012. NLMK’s ordinary shares are traded on the Moscow Stock Exchange (MICEX-RTS) and its global depositary shares on the London Stock Exchange.