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23 April 2019

Independent directors gain majority on NLMK Board committees

The newly elected Board of Directors of NLMK Group held its first meeting. Vladimir LisinVladimir LisinChairman of the Board of Directors
Biography
was re-elected as Chairman of the Board.

The Board of Directors also approved the schedule of the Board meetings and formed Board Committees. Independent directors comprise the majority on two of the Board Committees.

Strategic Planning Committee:

Chair – Oleg BagrinOleg BagrinBoard Member
Biography
, members: Thomas VerasztoThomas VerasztoBoard member, Independent Director
Biography
(independent director), Helmut WieserHelmut WieserBoard member, Independent Director
Biography
,
Joachim LimbergJoachim LimbergBoard member, Independent Director
Biography
(independent director), Vladimir LisinVladimir LisinChairman of the Board of Directors
Biography
, Marjan OudemanMarjan OudemanBoard member, Independent Director
Biography
(independent director), Karen SarkisovKaren SarkisovBoard member
Biography
, Grigory FedorishinGrigory FedorishinPresident, Chairman of the Management Board
Biography
, Benedict SciortinoBenedict SciortinoBoard member, Independent Director
Biography
(independent director). 

Audit Committee:

Chair - Marjan OudemanMarjan OudemanBoard member, Independent Director
Biography
(independent director), members: Nikolai GagarinNikolai GagarinBoard member
Biography
, Karen SarkisovKaren SarkisovBoard member
Biography
,
Stanislav ShekshniaStanislav ShekshniaBoard member, Independent Director
Biography
(independent director), Benedict SciortinoBenedict SciortinoBoard member, Independent Director
Biography
(independent director).

Human Resources, Remuneration, and Social Policies committee:

Chair - Stanislav ShekshniaStanislav ShekshniaBoard member, Independent Director
Biography
(independent director), members: Oleg BagrinOleg BagrinBoard Member
Biography
, Thomas VerasztoThomas VerasztoBoard member, Independent Director
Biography
(independent director), Joachim LimbergJoachim LimbergBoard member, Independent Director
Biography
(independent director), Vladimir LisinVladimir LisinChairman of the Board of Directors
Biography
.

About NLMK Group

NLMK Group is the largest steelmaker in Russia and one of the most efficient in the world.

NLMK Group’s steel products are used in various industries, from construction and machine building to the manufacturing of power-generation equipment and offshore wind turbines.

NLMK operates production facilities in Russia, Europe and the United States. The Company’s steel production capacity exceeds 17 million tonnes per year.

NLMK has the most competitive cash cost among global manufacturers and one of the highest profitability levels in the industry. In 12M 2018, the Company generated $12 billion in revenue and $3.6 billion in EBITDA. Net debt/EBITDA stood at 0.25х. The Company has investment grade credit ratings from S&P, Moody’s, Fitch and RAEX (Expert RA).

NLMK’s ordinary shares with a 16% free-float are traded on the Moscow Stock Exchange (ticker "NLMK") and its global depositary shares are traded on the London Stock Exchange (ticker "NLMK:LI"). The share capital of the Company is divided into 5,993,227,240 shares with a par value of RUB1. For more details on NLMK shareholder capital please follow the link.

For more information on NLMK Group, please visit our website.