Mechel Reports Change in Management
June 15 2016 - 6:00AM
Mechel PAO (MICEX:MTLR)
(NYSE:MTL)
, one of the leading Russian mining and metals
companies, reports the appointment of Sergey
Rezontov as the company’s Chief Financial Officer.
“During his eight years in Mechel, Sergey worked
his way from a specialist to a division director, and I gladly
congratulate him with this new and important appointment. As chief
financial officer, he will be in charge of corporate financing,
treasury, investor relations, strategic and operational analysis,
mergers and acquisitions activities. Today stable work of our
financial function is more important to the company than ever, and
I am sure that Sergey, who is a talented finance professional and
an adept negotiator, who knows the company through and through,
will be able to tackle the tasks facing him,” Mechel PAO’s Chief
Executive Officer Oleg Korzhov commented.
Prior to his appointment, Sergey Rezontov, 32,
headed Mechel PAO’s financial department since 2014. In 2013-2014,
he worked as deputy chief executive officer and financial officer
of Lysva Metallurgical Company UK OOO. In 2012, he was deputy
director of Mechel OAO’s treasury operations department. In
2006-2012, he worked first as a specialist and then as head of
Mechel OAO’s corporate financing department. In 2004-2006, he was
manager of the metals and mining team in the corporate clients
department of Commerzbank (Eurasia) ZAO.
Sergey Rezontov graduated Plekhanov Russian
Academy of Economics with a degree in management.
Mechel is an international mining and steel
company which employs 66,000 people. Its products are marketed in
Europe, Asia, North and South America, Africa. Mechel unites
producers of coal, iron ore concentrate, steel, rolled products,
ferroalloys, heat and electric power. All of its enterprises work
in a single production chain, from raw materials to high
value-added products.
Some of the information in this press release
may contain projections or other forward-looking statements
regarding future events or the future financial performance of
Mechel, as defined in the safe harbor provisions of the U.S.
Private Securities Litigation Reform Act of 1995. We wish to
caution you that these statements are only predictions and that
actual events or results may differ materially. We do not intend to
update these statements. We refer you to the documents Mechel files
from time to time with the U.S. Securities and Exchange Commission,
including our Form 20-F. These documents contain and identify
important factors, including those contained in the section
captioned “Risk Factors” and “Cautionary Note Regarding
Forward-Looking Statements” in our Form 20-F, that could cause the
actual results to differ materially from those contained in our
projections or forward-looking statements, including, among others,
the achievement of anticipated levels of profitability, growth,
cost and synergy of our recent acquisitions, the impact of
competitive pricing, the ability to obtain necessary regulatory
approvals and licenses, the impact of developments in the Russian
economic, political and legal environment, volatility in stock
markets or in the price of our shares or ADRs, financial risk
management and the impact of general business and global economic
conditions.
Mechel PAO
Ekaterina Videman
Tel: + 7 495 221 88 88
Ekaterina.videman@mechel.com
Mechel PAO (NYSE:MTL)
Historical Stock Chart
From Aug 2024 to Sep 2024
Mechel PAO (NYSE:MTL)
Historical Stock Chart
From Sep 2023 to Sep 2024