Vladimir Lisin elected President of Russian Steel Association
At an Annual General Meeting held on 31 May 2017 in St. Petersburg, members of the Russian Steel Association elected the Chairman of the Board of Directors of NLMK Group Vladimir Lisin as their new President. Mr. Lisin will preside over the Association for the next two years.
Anatoly Sedikh, Chairman of the Management Board of OMK was appointed Head of the Supervisory Board; and Marina Ivanova, Head of GR at NLMK Group was elected Vice President and Chair of the Management Board.
About Vladimir Lisin
Vladimir Lisin has served on NLMK Group’s Board of Directors since 1996, and has been chairman since 1998.
Mr. Lisin is member of the Bureau of the RSPP Board (Russian Union of Industrialists and Entrepreneurs), the Russian Government Commission on Transport, the Russian Government Expert Council, the Presidential Council for the Development of Physical Culture and Sport; and is President of the European Shooting Confederation (ESC).
Vladimir Lisin has been awarded the USSR Council of Ministers Award; and the Order of Honour of the Russian Federation. On 18 May 2017, Vladimir Lisin was awarded the Order of Alexander Nevsky in recognition of his professional accomplishments, his proactive public position and his many years of service and dedication.
About Russian Steel
The Russian Steel Аssociation was founded in 2001 by Russia’s leading iron and steel companies in order to coordinate efforts to promote the interests of Russian steelmakers and to implement joint non-commercial projects. The Association’s members manufacture 98% of Russia’s pig iron, ca. 90% of the country’s steel and rolled products, ca. 60% of pipes & tubes, and a significant share of the raw materials used in the iron and steel industry.
The current members of the Russian Steel Association are: Evraz Group S.A., NLMK Group, MMK, OEMK (Metalloinvest), Mechel, OMK (United Metallurgical Company), Severstal Group, TMK Group, and “Industrial Metallurgical Holding”.
About NLMK Group
NLMK Group is the largest steelmaker in Russia and one of the most efficient in the world.
NLMK Group’s high-quality steel products are used in various industries, from construction and machine building to the manufacturing of power-generation equipment and offshore windmills.
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 FY2016, the Company generated $7.64 billion in revenue and $1.94 billion in EBITDA. As of 31 December 2016, Net debt/EBITDA stood at 0.36х. The company has an investment grade credit rating from S&P and Fitch.
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"). For more details on NLMK shareholder capital, please follow the link.
NLMK Group received the Steel Industry Leadership Award at the prestigious 2016 Platts Global Metals Awards held by S&P Global Platts, a leading international industry analytical periodical.