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NLMK Creates New Position of Executive Vice President

08/16/2012 - NLMK, a leading global steel company, announced the appointment of Oleg Bagrin, a Member of the Board of Directors and Chairman of the Strategic Planning Committee, to the newly created position of Executive Vice-President.

NLMK, a leading global steel company, announced the appointment of Oleg Bagrin, a Member of the Board of Directors and Chairman of the Strategic Planning Committee, to the newly created position of Executive Vice-President.
 
The appointment of a Member of the Board of Directors to the Company’s top management will ensure timely transmission and monitoring of the Board’s decisions.
 
Oleg Bagrin is a member of NLMK Group Board of Directors since 2004. He is Chairman of the Strategic Planning Committee and a member of the Audit Committee. Mr. Bagrin is a Board member of a number of NLMK subsidiary companies, including NLMK International B.V. (Netherlands), NLMK Pennsylvania Corp., NLMK Indiana LLC, Sharon Coating LLC. (USA).
 
Mr. Bagrin is Managing director of Libra Capital, a Moscow-based investment management company. He is a Board member of Freight One, a railroad transportation company, and a member of the Council of Non-state Pension Fund Social Development.
 
Mr. Bagrin holds a graduate degree in Operations Research and a post-graduate degree in Economics from State Management University, Moscow and a degree in Business Administration from the University of Cambridge, UK.
 
NLMK is an international vertically-integrated steel-making company with production facilities located in Russia, Europe and the US. The liquid steel capacity of its operating unites exceeds 15 million tonnes per year. In 1H 2012, the company generated US$6,351 million of revenues and a 16.2% EBITDA margin. The company’s shares and GDSs are traded on the MICEX-RTS and LSE, respectively.