EVRAZ plc announces senior management changes

RNS Number : 3307D

Evraz Plc

05 July 2016

 

EVRAZ plc announces senior management changes

July 05, 2016 - EVRAZ plc (LSE: EVR) ("EVRAZ" or the "Company") announces today that on July 04, 2016, Pavel Tatyanin, the Chief Financial Officer (CFO) of EVRAZ, submitted his resignation, effective July 20, 2016, in order to pursue other interests.

Pavel Tatyanin, said,

"After nearly 15 years with EVRAZ I am resigning to pursue other opportunities.

 I would like to express my gratitude to Shareholders and the entire EVRAZ team for my extensive history with the Company and its people. We have worked very hard to build upon EVRAZ outstanding legacy and transform the company for the better and I am very proud of what we have achieved.

My time in EVRAZ has always been a source of my inspiration, experience and development. I will greatly miss all that and everyone.

The Company has an extremely talented, professional, dynamic and dedicated team of executives and I am fully confident that EVRAZ will continue to be successful in the future."

Alexander Frolov, EVRAZ CEO, said,

"Pavel has been an integral part of EVRAZ for 15 years and seen it evolve and change through each phase of its development. We recognise the considerable value that Pavel has contributed to EVRAZ and we greatly appreciate his leadership.

I would like to thank Pavel for his efforts, his loyalty and wish him well with his future endeavors. After resignation, Pavel will be involved with selected projects associated with the controlling shareholder group.

Giacomo Baizini, CFO of EVRAZ Group S.A., will serve as Interim Chief Financial Officer, effective immediately, following the resignation of Pavel Tatyanin. Giacomo has joined EVRAZ in 2005 and held a position of EVRAZ CFO in 2009-2014.

The Company will immediately commence an intensive search for a possible successor with a view to making an appointment as soon as possible."

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For further information:

Media Relations:

Maria Starovoyt

Director, External Communications

London: [phone]                              Moscow: [phone]

[e-mail]

Investor Relations:

Irina Bakhturina

Director, Investor Relations

London: [phone]                             Moscow: [phone]

[e-mail]

EVRAZ is a vertically integrated steel, mining and vanadium business with operations in the Russian Federation, Ukraine, Kazakhstan, USA, Canada, Czech Republic, Italy and South Africa. EVRAZ is among the top steel producers in the world based on crude steel production of 14.3 million tonnes in 2015. A significant portion of the company's internal consumption of iron ore and coking coal is covered by its mining operations. The company's consolidated revenues for the year ended 31 December 2015 were US$8,767 million, and consolidated EBITDA amounted to US$1,438 million.

 

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