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Mechel Announces Management Change

Valery Sheverdin, 50, has been appointed Mechel OAO's vice president for corporate security.
 
"In the seven years that Valery has been working in our company, he has proved himself an excellent professional and experienced leader, capable of tackling the most complicated tasks. I am sincerely happy to welcome him to our top management and wish him further successes in his work," Mechel OAO's chief executive officer Oleg Korzhov noted.
 
Prior to his appointment, since June 2009 until March 2014 Mr. Sheverdin headed Mechel OAO's corporate security division. From April 2011–March 2014, he was chief executive officer of Mechel-Garant OAO. Prior to that, beginning in July 2007 he headed Mechel-Tsentr, a private security company. From April 2003–June 2007 Mr. Sheverdin was deputy division chief at Lukom-A Agency ZAO. From February 2001–March 2003 he was chairman of Russian Fund for Social Progress. From 1981–1995 Mr. Sheverdin served in Russia's armed forces.
 
Mr. Sheverdin graduated from Higher Military Command School for Artillery in Kolomna with a specialty in command, tactical and artillery armament, as well as Russian Federal Security Service's Moscow Military Institute for Border Troops with a degree in law.
 

Mechel is an international mining and steel company which employs over 80,000 people. Its products are marketed in Europe, Asia, North and South America, Africa. Mechel unites producers of coal, iron ore concentrate, steel, rolled products, ferroalloys, heat and electric power. All of its enterprises work in a single production chain, from raw materials to high value-added products.