OAO VSMPO-Avisma (VSMO), the world’s largest titanium maker, said Mikhail Voevodin, a board member, has replaced Vladislav Tetyukhin as president.
Tetyukhin, who owns 4 percent of Verkhnaya Salda, Russia-based VSMPO, will remain a board member, the company said today in an e-mailed statement. Tetyukhin was chief executive officer of VSMPO from 1992 until September 2008 before becoming president.
Voevodin is executive director of OOO Prominvest, a unit of Russian Technologies Corp., a state holding company focused on machine building. Russian Technologies also controls VSMPO.
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