Tatyana Averchenkova appointed NLMK Lipetsk Managing Director
NLMK Group, a global steel company, is pleased to announce the appointment of Tatyana Averchenkova to the position of NLMK Lipetsk Managing Director. Prior to the appointment, Tatyana served as NLMK Group Vice President for Operational Efficiency.
Vyacheslav Vorotnikov, who has held the position of NLMK Lipetsk Managing Director since 2019, will be taking on the role of adviser to the CEO.
Grigory Fedorishin, NLMK Group CEO, said: “Vyacheslav Vorotnikov’s time at the helm was marked by multiple challenges, including the COVID-19 pandemic and a turbulent market. Nonetheless, NLMK Lipetsk has successfully implemented its ambitious operational efficiency programme and completed a number of major investment projects. I would like to thank Vyacheslav for his top professionalism and teamwork. Tatyana Averchenkova has acquired a unique set of professional and leadership skills in the course of her 20 years with NLMK. I wish Tatyana every success and I am convinced that in her new capacity she will strengthen our company’s leadership.”
Tatyana Averchenkova’s background
Tatyana has been with NLMK Group since 2001. She held the position of Controlling Director and senior positions in the Strategy department. Since 2016, Tatyana has been Vice President for Operational Efficiency. It is under her leadership that NLMK Production System was developed, one of the key tools for implementing NLMK Group’s strategy. Tatyana is a member of NLMK Group’s Management Board.
Tatyana Averchenkova graduated from Lipetsk State Technical University with a degree in Economics and Management.
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 a highly competitive competitive cash cost among global manufacturers and one of the highest profitability levels in the industry. In 12M 2019, the Company generated $10.6 bn in revenue and $2.6 bn in EBITDA. Net debt/EBITDA stood at 0.7х. The Company has investment grade credit ratings from S&P, Moody’s, Fitch, and RAEX (Expert RA).
NLMK’s ordinary shares with a 20.7% 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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