NLMK Group, an international steelmaking company with operations in Russia, Europe and the USA, has appointed Dmitry Stopkevich the new CEO of NLMK Russia Long Products Division (NLMK Long Products), one of the largest manufacturers of long products and metal ware in Russia.
The division was previously managed by Grigory Fedorishin, who was appointed Head of NLMK Long Products in January and concurrently held the position of CFO for NLMK Group. NLMK Long Products, which operates in a challenging market environment, possessed significant potential for development. Fedorishin was set the goal of increasing the division’s operational efficiency.
Grigory Fedorishin will now focus on the development of NLMK Group’s new strategy, which will be presented to shareholders in early 2018.
Oleg Bagrin, NLMK Group CEO, said: “I would like to thank Grigory Fedorishin for the enhancements to the division’s operations that he has overseen. Improved cost control, a growth in export sales and the launch of an end user sales network have helped to deliver an 8% increase in steel output during January-September in spite of a declining market. Meanwhile, steel product sales have grown by 13% and the utilization rate has reached 80%. The goal for the newly appointed head of the division is to continue developing the existing potential and consolidate NLMK’s position in the long products market”.
Dmitry Stopkevich has been with NLMK Group since September, serving as Deputy Head of NLMK Long Products Division. He began his career in the metals & mining industry in 1999 and has worked in EVRAZ Holding and RUSAL. From 2004, he occupied a variety of leadership positions in OMK, including in procurement and development of the OMK production system and OMK business system. He was CEO of OMK-EcoMetal; and served on the Management Board of OMK from 2012 to 2015. (NLMK/Ukrainian metal)