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Evraz Appoints New Vice President, Vanadium Assets

Evraz Group S.A. announces the appointment of Grigory Botvinovsky as Vice President, Vanadium Assets, effective October 17, 2011. Botvinovsky succeeds Daniel Harris, who has retired.
 
“I would like to thank Mr. Harris for his immense contribution to Evraz as it is under his leadership that the company has grown into the world’s largest player in the vanadium market,” said Evraz CEO Alexander Frolov. “The position of Vice President, Vanadium Assets is crucial for Evraz’s strategic commitment to grow our business.
 
In his new position, Botvinovsky will be responsible for vanadium operations, global vanadium sales and trading, vanadium business development and investment. He will report to Pavel Tatyanin, Senior Vice President, Head of International Business.
 
“I am pleased to welcome Mr. Botvinovsky to the Evraz senior management team and I am sure that we will continue to deliver value to our customers and serve their growing needs,” said Frolov.
 
Botvinovsky has over 11 years of experience with Evraz, having served most recently as CEO of East Metals, a Swiss-based Evraz global sales and trading arm. He started with a commercial role at Evraz Nizhny Tagil Metallurgical Plant (Evraz NTMK), the moved to East Metals to continue his commercial activities.
 
Evraz Group S.A. is a large vertically-integrated steel, mining and vanadium business with operations in the Russian Federation, Ukraine, Europe, USA, Canada and South Africa and employs approximately 110,000 people. The company is ranked the 20th largest steel producer in the world based on crude steel production of 16.3 million tonnes in 2010. EVRAZ is largely self-sufficient in respect of its iron ore and coking coal requirements with the majority of its internal consumption covered by its mining operations. Evraz's consolidated revenues for the year ended 31 December 2010 totalled US$13,394 million, while consolidated adjusted EBITDA amounted to US$2,350 million.