EVRAZ plc (LSE: EVR) (further EVRAZ or “the Company”) announces organisational and management changes effective 1 November 2014.
Pavel Tatyanin will take over as the new Chief Financial Officer while EVRAZ’s North American and South African businesses will continue to report to Pavel. His new responsibilities will include financial planning and analysis, financial strategy and corporate finance. Giacomo Baizini will step down from his position of the Chief Financial Officer and stay with the Company.
The Steel and Railway Products Divisions will be merged into the single Steel Division, headed by EVRAZ Vice President Aleksey Ivanov.
Ilya Shirokobrod will lead the division’s sales efforts in his new capacity as Vice President, Sales, Steel Division. Ilya will be in charge of EvrazHolding Trading Company, EVRAZ Metal Inprom and East Metals AG, and will also manage EVRAZ’s global vanadium business.
Marat Atnashev, EVRAZ Vice President, Major Projects, Head of the Iron Ore Division, will expand his role to cover EVRAZ’s business in Ukraine, and will oversee the company’s logistics including EVRAZ Nakhodka Sea Port.
“The organisational changes within the Company will ensure successful delivery of our strategic targets and consolidation of our efforts to further reduce our cost, to support competitiveness of our business, and to improve quality of our products and services for our customers”, noted Alexander Frolov, EVRAZ CEO.
For further information:
VP, Corporate Communications
London: +44 207 832 8998 Moscow: +7 495 937 6871
London: +44 207 832 8990 Moscow: +7 495 232 1370