April 27, 2015, 16:47 / Business

Mordashov will leave the post of CEO of Severstal

He leaves operational management to become chairman of the board of directors of a metallurgical company Vitaly Petlevoy Alexey Mordashov is going to resign from the post of General Director of Severstal / A. Makhonin / Vedomosti

Mordashov is one of the last owners of a metallurgical company who remained the general director and was personally involved in the operational management of his own business. In addition, he manages the mining and metallurgical business, which is owned only by Vladimir Potanin (he has a 30% stake in MMC Norilsk Nickel , and he also holds the post of general director).

Co-owner of the mining and metallurgical company Severstal Alexey Mordashov (owns 79.2% of the company) intends to leave the post of general director of the management company Severstal Management, said in a statement Severstal on the London Stock Exchange. Instead, Vadim Larin, who currently holds the post of First Deputy General Director, will be in charge of operational management.

Mordashov himself intends to run for the board of directors of Severstal, “in order to then be elected to the post of chairman of the board of Severstal PJSC,” the company said in a statement. Currently, this post is occupied by independent director Christopher Clark, his candidacy has not been nominated to the new board of directors, since He has been on the board as an independent director for nine years since Severstal went public in 2006.

Vadim Larin was born in 1970, graduated from the Moscow Institute of Radio Engineering, Electronics and Automation, received an MBA from the INSEAD business school in France, worked at McKinsey & Company, and in 2003 joined a subsidiary of Severstal as general director." Intaugol". In 2005 he headed Kuzbassugol, in 2007 - Vorkutaugol, and in 2010 he was appointed head of Severstal Resources. Became first deputy general director in July 2013.

Last year, Oleg Deripaska left the post of CEO of UC Rusal, he became the president of this company and began developing a strategy, a representative of the aluminum company said then. Instead of Deripaska, Vladislav Solovyov became general director.

Previously on the topic: Lufthansa will continue to optimize costs, despite the risk of new pilot strikes