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Novolipetsk Steel Names Oleg Bagrin Candidate for President

Sept. 26 (Bloomberg) -- OAO Novolipetsk Steel, the Russian steelmaker controlled by billionaire Vladimir Lisin, named Oleg Bagrin as the sole candidate to become the company’s president.

The board nominated Bagrin today, the company said in a regulatory statement. The shareholders of NLMK, as the company is known, will vote to elect a president on Oct. 25.

Bagrin has been a member of NLMK’s board since 2004. He was appointed executive vice president last month.

To contact the reporter on this story: Anatoly Temkin in St. Petersburg at atemkin@bloomberg.net

To contact the editors responsible for this story: John Viljoen at jviljoen@bloomberg.net; Brad Cook at bcook7@bloomberg.net

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