Severstal North America Appoints New Chief Financial Officer

Severstal North America Appoints New Chief Financial Officer 
DEARBORN, MI  -- (Marketwired) -- 09/16/13 --  Severstal North
America (SNA), a leading steel producer in the United States and a
subsidiary of OAO Severstal, one of the world's largest steel and
mining companies, today announced the appointments of Chief Financial
Officer, Ms. Olga Petrova, and Deputy Chief Financial Officer, Mr.
Michael Tuomey.  
Petrova joins Severstal North America's executive team from parent
company OAO Severstal, where she was the Head of the Business
Planning and Controlling Department since 2011. Her previous roles
included various high-level financial positions in international
offices of Shell Exploration and Production, Schlumberger and
PepsiCo. At SNA, Petrova will be responsible for all aspects of
financial strategy, planning and reporting, as well as forecasting,
budget management and cost benefit analysis.  
"We are pleased to welcome Olga to our North American team. She
brings a wealth of experience and a proven track record in finance,
capital allocation and international business operations. I am
confident that Olga will be an invaluable asset to our organization
as we move forward to position our company as a high-performing,
customer-oriented steel supplier of choice," said Saikat Dey, CEO,
Severstal North America. 
Petrova is a graduate of Moscow Aviation Institute with a major in
Computer Science and Russian Correspondent Finance-Economic Institute
with a major in Marketing. 
Petrova succeeds Interim CFO Michael Tuomey, who is appointed Deputy
Chief Financial Officer. Tuomey has been with Severstal and its
predecessor companies for 28 years in various senior-level finance
positions, most recently Director, Corporate Accounting and
"Mike's dedication, broad business experience in the industry and
overall knowledge of SNA's financial systems will be instrumental in
helping the company be more responsive to customer and employee
needs," commented Dey.  
Tuomey holds a master's degree in Finance and Accounting from the
University of South Carolina, and a bachelor's degree in Literature
and Philosophy from Michigan State University. 
About Severstal North America: 
Established in 2004, Severstal North America is one of the largest
steel producers 
the United States, specializing in the full range of
high quality light flat rolled products. Corporate headquarters and
integrated operations are located in Dearborn, Mich. A
state-of-the-art electric arc furnace operation in Columbus, Miss.
serves the growing demand for steel in the southeastern United
States. Over $3 billion in investments have modernized and expanded
both facilities. Severstal also has several joint ventures
specializing in value-added coated products and coke making. The
company serves customers in more than 20 markets, including
automotive, appliance, construction, container, pipe and tubing,
distribution, converter and service centers. Severstal North America
is a wholly-owned subsidiary of OAO Severstal, one of the world's
largest vertically integrated steel and mining companies. Visit our
website at or follow us on Twitter @SeverstalNA. 
Katya Pruett
+1 (313) 317-9760
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