Metinvest Group Appoints New CFO
08/05/2013 - Metinvest Group announced that Aleksey Kutepov was appointed CFO. He replaces Sergiy Novikov, who will continue his career within the Metinvest Group.
Mr. Novikov had been CFO since Metinvest was founded in 2006. He built the financial processes inside the Group, oversaw the group’s debut Eurobond issue, and supported a number of M&A transactions.
His transition to a new position is connected with Metinvest’s prioritization of its investment program. Mr. Novikov will focus on raising external financing for the company as a managing director for Metinvest’s financing unit. He will be based in Geneva, Switzerland.
Mr. Kutepov worked in the structures of Sibur Holding, the largest petrochemical company in Russia, for seven years. He started at the Controlling Department and later managed the financial directorates of the holding’s subsidiaries Tobolsk-Polymer and SiburTyumenGaz. For the last two years, he was Economics and Finance Director for Hydrocarbon Raw Materials at Sibur Holding, where he was responsible for the development and implementation of automated systems for business process management in the company, M&A transaction management, and operational efficiency improvement at the Holding’s enterprises.
