On September 1, Metinvest created the operational directorship on the basis of its mining and metal divisions.
“Thus the group completes the process of creating the vertically integrated structure of the company under the Technological strategy of 2010”, Metinvest reported.
The main goal of the transformation is the better cooperation of mining and metal assets, as well as the centralized management of all technological processes. The united body is expected to decrease expenses and prime cost.
Alexander Pogozhev, the ex-metal division director, has been appointed the operational director of the supervisory board. Pogozhev came to Metinvest on 2010 from Severstal International. (Ukrainian metal)