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Vadim Larin Appointed CEO of Severstal Management

The positon of COO no longer exists.

As previously announced, Alexey Mordashov, who held the position of CEO of Severstal since December 2006, was elected Chairman of the Board of Directors of PAO Severstal at the meeting of PAO Severstal’s Board of Directors on 26 May 2015.

Vadim Larin has been Chief Operating Officer since 2013. He joined Severstal in 2003 as a CEO of Intaugol. He became a CEO of Kuzbassugol in 2005, and a CEO of Vorkutaugol in 2007. Vadim Larin was appointed a CEO of Severstal Resources mining division in 2010. Vadim graduated from the Moscow Institute of Radio Engineering, Electronics and Automation. He also holds an MBA degree from INSEAD. Prior to joining Severstal, Vadim worked at McKinsey& Company.