NLMK Board of Directors approves new composition of Management Board and BoD Strategic Planning Committee
At a meeting held on 24 October 2019, the Board of Directors of NLMK Group, an international steel company, approved the new composition of the Group’s Management Board as follows:
- Grigory Fedorishin - President (Chairman of the Management Board)
- Mikhail Arkhipov - Vice President, HR & Management System
- Tatiana Averchenkova - Vice President, Operational Efficiency
- Ilya Guschin - Vice President, Sales
- Barend de Vos - Vice President, International Operations
- Shamil Kurmashov – Vice President, Finance (new member of the Management Board)
- Sergey Likharev - Vice President, Logistics
- Eugene Ovcharov - Vice President, Risk Management
- Sergey Chebotarev - Vice President, Energy гд>
Mr. Sergey Filatov, Advisor to NLMK Group President, was elected to serve on the NLMK Group’s Board of Directors Strategic Planning Committee.
Sergey Filatov joined NLMK Group in October 2012. He has been serving as Advisor to the President (Chairman of the Management Board) of NLMK since August 2019. Sergey Filatov worked as NLMK Lipetsk Managing Director from January 2013 to August 2019.
He served as Deputy Senior Vice President – General Director for Production and Technology from October 2012 to January 2013. Mr. Filatov graduated from the Moscow Institute of Steel and Alloys and holds a Ph.D. (Tech.); an Honorary Metallurgist of Russia; a Merited Metallurgist of Russia.
Shamil Kurmashov joined NLMK in November 2018 as Vice President for Finance. Prior to joining NLMK Group, he was Deputy CEO for Commerce and Finance at Aeroflot, Deputy CEO for Finance & Investment at Sistema, where he was also in charge of the group’s investment activities, and held executive positions at MMC Norilsk Nickel and Wimm Bill Dann. Shamil Kurmashov graduated from Moscow State Institute of International Relations (MGIMO University), and holds a Ph.D. in Economics from Central Economics and Mathematics Institute (CEMI RAS).
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 19% 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.
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