Metalloinvest Finance Designated Activity Company (IRSH)
Metalloinvest announces the the election of new Board of Directors
Moscow, Russia - 17 April 2019 - Metalloinvest ("the Company"), a leading global iron ore and HBI producer and supplier, and one of the regional producers of high-quality steel, has announced the election of a new Board of Directors.
The following people have been elected to the Board of Directors:
Vakhtang Kocharov, Chairman of the Board of Directors and Chief Executive Director of Metalloinvest Trading AG, and Chief Executive Director of Metalloinvest Logistics AG, has been elected to the Board of Directors for the first time.
Ivan Streshinsky, Chairman of the Board of Directors of Management Company Metalloinvest, commented: "The election of Vakhtang Kocharov to the Board of Directors reflects our increased focus on client centricity. Tailoring sales processes, logistics and services to meet clients' individual requirements is one of the key success indicators in our industry. Vakhtang Kocharov has shown high levels of professionalism and strategic leadership in organising the Company's export activities. We are confident that his experience and knowledge will help us to achieve the strategic goals that the Company has set in developing its sales and diversifying the supply chain."
The Board of Directors has also confirmed the committee members.
The Finance, Budgeting and Strategy Committee:
The Audit Committee:
The Remuneration Committee:
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Contacts for investors:
T: +7 (495) 981-55-55 (ext. 7243)
Contacts for media:
T: +7 (495) 981-55-55 (ext. 7629)
Metalloinvest is a leading global iron ore and merchant HBI producer and supplier, and one of the regional producers of high-quality steel.
Metalloinvest is wholly owned by Holding Company USM LLC. Alisher Usmanov is the major beneficiary of Holding Company USM LLC (49%), with other major beneficiaries being the companies of Vladimir Skoch (30%) and Farhad Moshiri (8%).
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