OJSC Novolipetsk (NLMK) - Oleg Bagrin Elected President of NLMK
RNS Number : 5594P
OJSC Novolipetsk Steel
25 October 2012
Oleg Bagrin Elected President of NLMK
25 October 2012
NLMK, the leading global steelmaking company, today announced that its
shareholders at an Extraordinary General Meeting ("EGM") elected Mr. Oleg
Bagrin as NLMK President (Chairman of the Management Board).
Mr. Bagrin was nominated as President by NLMK's majority shareholder, in
recognition, among other things, of his many years of experience serving on
the Board of Directors. Mr. Bagrin has been responsible for overseeing a
number of aspects of NLMK's growth, helping the Company to become an
international vertically integrated group. These include the acquisition of
the Group's main assets, NLMK's successful IPO, and key projects as part of
the Company's Technical Upgrade and Development Programme.
Mr. Bagrin has been serving as Member of the Board of Directors since 2004. He
is also Chairman of the Strategic Planning Committee and a member of the Audit
Committee. In August 2012, Mr. Bagrin was appointed Executive Vice President
Commenting on the new appointment, Mr. Bagrin said: "I am greatly honoured by
the trust and confidence the shareholders have placed in me. NLMK is one of
the leading global steelmakers. Over the last decade, the Group has made great
progress to achieve its leading position and lay the foundations for future
growth. Our priorities - the sustainable growth of our business, and safe and
efficient production processes - remain unchanged through these challenging
times for the steel industry."
Oleg Bagrin has been a member of NLMK Group's Board of Directors since 2004.
He is Chairman of the Strategic Planning Committee and a member of the Audit
Committee. Mr. Bagrin is also a Board member of a number of NLMK subsidiary
He is a Board member of Freight One, a railroad transportation company, and
ZAO Libra Capital, an asset management company.
Mr. Bagrin holds a graduate degree in Operations Research and a postgraduate
degree in Economics from the State University of Management (Moscow), as well
as an MBA from the University of Cambridge (UK).
* * *
For more information:
Investor Relations Department
This information is provided by RNS
The company news service from the London Stock Exchange
MSCFEDFDIFESEDS -0- Oct/25/2012 13:36 GMT
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