Mordashov will leave the post of general director Severstal

Alexey Mordashov will resign from the post of Director General of Severstal. According to a press release from a metallurgical company, later the businessman will be headed by the Board of Directors of Severstal.

In turn, the First Deputy Director General of Severstal, Vadim Larin, Director for Production, will take the place of the general director of the company. The position of the first deputy will be reduced.

Changes in the management composition of the organization will occur on May 26, 2015.

“We have developed an effective management team led by Vadim Larin, who has been working in the company since 2003. I can recommend Vadim as an experienced leader with a deep understanding of our business and markets. Together we will make every effort so that the changes occur in a calm mode. At my new post, I will remain deeply involved in the activities of the company and plan to focus on solving strategic issues, as well as issues of selecting and developing key personnel, the development of the "Business System" "Severstal" and the culture of the company, to actively participate in the quarterly evaluation of the company's activities and the setting of goals̆ in the framework of the formation of strategic and annual business plans, "the words of Mordashov are given in the statement.

Severstal is one of the world's largest steel and mining companies. She owns the Cherepovets Metallurgical Plant, the second largest in Russia. The company has assets in Russia, as well as in Ukraine, in Latvia, Poland, Italy, Liberia.

Alexey Mordashov is the main owner of Severstal - he owns about 79% of its shares. He has been working in the company since 1988. It is included in the five richest Russian businessmen: according to Forbes magazine, Mordashov’s fortune is $ 13 billion.