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Mechel Announces New Appointments at Izhstal OAO

02/02/2011 - Mechel OAO has announced the appointment of Konstantin Kretov as the new Managing Director of Izhstal OAO, effective February 1, 2011.

Mechel OAO has announced the appointment of Konstantin Kretov, 48, as the new Managing Director of Izhstal OAO (Izhstal), effective February 1, 2011.
 
In his new role, Kretov succeeds Valery Moiseyev, who managed the plant since 1992 and who will continue to oversee the plant’s operations as Chairman of Izhstal’s board of directors.
 
“Valery Moiseyev has been working at Izhstal for nearly 40 years, including 18 years managing it,” noted Mechel-Steel Managing Co. OOO’s General Director Andrei Deineko. “With him at the helm, the plant overcame the difficult years of economic reforms in the 1990s, having preserved its potential in production and personnel, as well as its status as a specialty and stainless steel rolled products manufacturer. In recent years, the plant invested much effort in boosting the production of high value-added products.
 
“Based upon 2010 operational results, Izhstal’s production topped pre-crisis levels,” continued Deineko. “Also, under Valery Moiseyev’s leadership the company successfully implemented a full-scale project for reconstruction of steelmaking lines and continued to upgrade its rolling mills. These measures raised the company to a new level of technological sophistication.
 
Regarding Moiseyev’s new role, Deineko commented, “As Chairman of Izhstal OAO’s board of directors, Valery Moiseyev will now concentrate on dealing with strategic issues – that is the task we have today for this talented manager.
 
“Valery Moiseyev has set a very high standard in administrating the plant,” continued Deineko. “I am sure that Konstantin Kretov will successfully continue this work. He has a great deal of practical experience in steel production, and proved to be a skillful specialist and an experienced manager.”
 
Kretov began his professional career in Izhstal in 1985 as a supervisor and worked his way up to Calibrating and Rolling Mill Chief (2007-2010). He was appointed Chief of Izhstal’s planning, economic analysis and pricing department in April 2010, acting as Deputy Managing Director for Economics and Finance.
 
Kretov graduated from Moscow Bauman Higher Technical School with a specialty in automated steelmaking machinery.
 
Mechel, one of the leading Russian companies, conducts business in four segments: mining, steel, ferroalloy and power. Mechel unites producers of coal, iron ore concentrate, nickel, steel, ferrochrome, ferrosilicon, rolled products, hardware, heat and electric power, and its products are marketed domestically and internationally.