Russia: NLMK BoD approves new composition of Management Board and BoD Strategic Planning Committee

At a meeting held on October 24 the Board of Directors of NLMK Group approved of the new composition of the group’s Management Board. The board consists of: Grigory Fedorishin, President (Chairman of the Management Board); Mikhail Arkhipov, Vice President, HR & Management System; Tatiana Averchenkova, Vice President, Operational Efficiency; Ilya Guschin, Vice President, Sales;…

Russia: NLMK BoD recommends dividends for Q3 2019

At a meeting held on October 24 NLMK Group’s Board of Directors recommended the company’s shareholders to approve Q3 dividends of 3.22 rubles per share at the upcoming Extraordinary General Shareholder Meeting (EGM) to be held on December 20. This is approximately equivalent to 120% of the company’s free cash flow based on its IFRS…

Ukraine: Zaporizhstal CEO replaced

On November 25 the Zaporizhstal shareholders meeting will approve of appointing Alexander Mironenko the new CEO of the company. Mironenko will replace Rostislav Shurma. Shurma has been chairing the company for the past 7 years, and have been working for Metinvest for 13 years. In early October local media spoke of the Metinvest supervisory board…