NLMK Group (LSE: NLMK) has announced changes to the management team responsible for external and internal logistics, as well as logistical infrastructure.

After two years with the Group as Vice President for Logistics, Alexander Sapronov will be leaving to join Freight One, a transportation company, as its new Managing Director. Sergei Likharev, previously Deputy Vice President for Logistics at NLMK, has been appointed to Acting Vice President for Logistics.

Commenting on these changes, NLMK Group President and CEO Oleg Bagrin said:

“On behalf of the Group, I would like to commend Alexander Sapronov on his contribution to streamlining logistics operations at NLMK. Under his leadership, our logistics has become more efficient than ever before.I am confident that Mr Sapronov experience will undoubtedly prove invaluable at Freight One – a major Russian rail freight operator and a core NLMK partner for transport and logistics outsourcing.

“Sergei Likharev, the newly appointed Acting Vice President for Logistics, has many years’ experience of successfully managing large-scale transport and logistics projects.Going forward, his foremost priority will be to fine-tune operations and the cost-effectiveness of logistics at NLMK Group.”

Biography

Born in Moscow in 1964, Sergei Likharev has a Doctorate in Physics and Mathematics from Moscow State University, and holds an MBA from Cornell University. From 1990 to 1993, he worked as a researcher at Moscow State University, before becoming a strategy consulting project manager, working first at Cannon Associates, and then Coopers & Lybrand until 1997. From 1997 to 2004, he held senior positions at Interros, Ostankino Meat Processing Plant, and Golden Telecom. After serving as CEO of Aviacor Aviation Plant in Samara from 2004 to 2007, he became CEO of the Basel Aero airport group from 2008 to 2012, and then Aviation Business Director at Russian Machines and Chairman of the Board of the Aviacor aviation plant from 2012 to 2013.

About NLMK Group

NLMK Group is a vertically integrated steelmaking company, and Russia’s leading manufacturer of steel and HVA rolled products. NLMK Group’s high-quality steel products are used in a variety of industries, from construction and machine-building to the manufacture of power generation equipment and offshore windmills.

NLMK’s production facilities are located in Russia, Europe and the USA. The Company’s crude steel capacity is over 17 mt per annum, of which approximately 16 mt are located in Russia. The Company generated $12.2 billion in revenue and $1.9 billion in EBITDA in 2012.

NLMK’s ordinary shares are traded on the Moscow Stock Exchange (ticker “NLMK”) and its global depositary shares on the London Stock Exchange (ticker “NLMK:LI”).

Media contact info:
Sergey Babichenko
+7 (916) 824 6743
babichenko_sy@nlmk.com

Investor Relations contact info:
Sergey Takhiev
+7 (495) 915 1575
tahiev_sa@nlmk.com