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5 August 2019

Vyacheslav Vorotnikov appointed Managing Director of NLMK Lipetsk

NLMK Group, a global steelmaker, is pleased to announce the appointment of Vyacheslav Vorotnikov as Managing Director of NLMK Lipetsk, effective 5 August 2019. Mr. Vorotnikov previously held the position of NLMK Lipetsk’s Director of Production Planning and Organization.

Sergey Filatov, who previously headed NLMK Lipetsk, has decided to step down as Managing Director for family reasons. He will stay on with NLMK Group as Advisor to the President.  

Grigory FedorishinGrigory FedorishinPresident, Chairman of the Management Board
Biography
, NLMK Group President, said:

“It is hard to overestimate Sergey’s contribution to the development of the Lipetsk site and NLMK Group as a whole. He joined our team in 2012. His initial focus was on delivering a series of quick wins at the hot end-operations that account for the bulk of our cash costs. A year into his appointment, NLMK Lipetsk was leading the sector in production output. Every subsequent year, NLMK Lipetsk was hitting new production records, and delivering new operational efficiency programmes, some of which were truly breakthrough. I am truly grateful to Sergey for his contribution to the company’s results and fostering the culture of continuous improvement.

I wish Vyacheslav Vorotnikov every success in his new role, and I am confident that his knowledge and expertise will contribute to Strategy 2022 goals.”

Vyacheslav Vorotnikov’s CV

Vyacheslav Vorotnikov joined NLMK in 1975, holding various positions at the cold rolling operations from 1979 to 1998, before being appointed Deputy Sales Director, a position he held from 1998 to 2000. From 2000 to 2010 he served as Deputy Director of Production. He has been NLMK Lipetsk Director of Production Planning and Organization since 2010. Vyacheslav graduated from the USSR Institute of Finance and Economics, majoring in Industrial Production Planning. Vyacheslav Vorotnikov was awarded the title of Honorary Metallurgist of the Russian Federation, a Medal of the Order ‘For Merit to the Fatherland’ of the second degree, and a Badge ‘For Merit to the Lipetsk Region’.

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 0.25x. The Company has investment grade credit ratings from S&P, Moody’s, Fitch and RAEX (Expert RA).

NLMK’s ordinary shares with a 18.6% 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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