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27 May 2013

NLMK management meets NLMK Group leaders 2020

On May 23, a meeting took place in Lipetsk between the management of the NLMK Group and those participating in the NLMK Group Leaders 2020 programme. In attendance were the President of NLMK Group Oleg Bagrin; NLMK Managing Director Sergey Filatov; Vice President for Finance Grigory Fedorishin; Vice President for Logistics Alexander Sapronov; Vice President for HR and Management System Stanislav Tsyrlin; and Vice President for Procurement, Brijesh Garg.
The NLMK Group Leaders 2020 programme, which was launched in 2010, is an important element of the Company’s talent pool management system. Its goal is to prepare a team of skilled leaders, capable of solving extremely complex tasks at various levels throughout the Group.
NLMK senior management spoke to those taking part in the programme about the changes currently being implemented within the management system and the priority areas for growth in key areas such as finance, logistics, procurement, and HR. The leaders were able to ask questions about the Group’s prospects for growth, in the format of an open dialogue, and to share their suggestions as to how the challenges currently facing the Group can be met.
Drawing the meeting to a close, NLMK Group President Oleg Bagrin commented, “It is hard to overstate how important this programme is to the company. And we are already reaping the rewards from it today. NLMK Group Leaders 2020 was conceived as a springboard for preparing new leaders, in order to ensure a smooth succession in management at various levels, whilst preserving our best traditions and the continuity of knowledge and skills. What we need now is a new generation of leaders who, by tackling crucial tasks related to boosting the efficiency of all business processes and production processes, will show that they are capable of being conduits for change, and of driving that change within the company themselves.”
About NLMK:
NLMK is an international vertically integrated steelmaking company with production facilities in Russia, Europe, and the USA. Its operating units have a crude steel capacity in excess of 15 mt/y. The company generated USD 12.2 billion in revenue and USD 1.9 billion in EBITDA in 2012. The company’s ordinary shares and GDSs are traded on the Moscow Stock Exchange (MICEX-RTS) and the LSE, respectively.