Evraz Board Elects Alexander Abramov New Chairman
December 3, 2008 – Evraz Group (LSE: EVR) ("Evraz" or the "Company") announces the election of Alexander Abramov as Chairman of Evraz's Board of Directors. He succeeds Alexander Frolov who will remain the Company’s CEO.
Splitting the roles of Chairman and CEO will ensure Evraz is best positioned to deliver the Company’s strategic and operational goals.
Alexander Abramov will be responsible for leading the Board and coordinating its activities. Furthermore, he will ensure there is an effective dialogue with all the Company’s stakeholders, which is of particular importance in the challenging market environment.
Alexander Frolov will be responsible for the daily management of the Company’s steel and mining divisions in and outside Russia, as well as for realizing synergies of vertical and horizontal integration between the Company’s businesses worldwide.
The Board believes that Messrs. Abramov and Frolov have the extensive business experience and qualities necessary to succeed in fulfilling Evraz’s goals.
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