OREANDA-NEWS. On December 03, 2007 new appointments in Power Machines’ top management took place, reported the press-centre of Power Machines.

Vadim Chechnev, former Senior Manager of Business Planning Department of Severstal, became Director for Economics and Finance of Power Machines. Alexander Rantsev, former Senior Manager of Business Planning Department of Severstal, became Director for Strategic Development and Controlling of Power Machines.

Vadim K. Chechnev was born in 1970 in Cherepovets of the Vologda Region. In 1993 he graduated from Cherepovets State University. In 2005 he graduated from Moscow International Higher Business School (institute) MIRBIS with Master’s degree in economics and at the same time Metropoliten University with MBA degree (London, Great Britain). In 1994-2003 Vadim Chechnev worked in Metcombank and Cherepovets Branch of Industrial and Construction Bank where he occupied different positions from Analytical Department Expert to Deputy Managing Director for Commercial Issues. In 2003 he was appointed Senior Manager of Business Planning Department of Severstal. 2004–October, 2007 he occupied positions of Senior Manager of Business Planning Department and Head of Group of Enterprises’ Estimated Value, Severstal, where he was in charge of investment evaluation projects such as merger and acquisition and corporate finance.

Alexander Y. Rantsev was born in 1972 in Danilov of the Yaroslavl Region. In 1994 he graduated with honors from Cherepovets Higher Military Radio Electronics Engineering Academy with a degree in computing machinery, systems and networks, and in 2000 he graduated from the same Academy with a degree in higher school instructor. In 2007 he graduated with MBA degree from Nortumbia University Business School (Newcastle, Great Britain). 1994-2001 Alexander Rantsev occupied different positions in RF Armed Forces. In 2001 he was employed by Severstal where he occupied different positions from External Projects Department Expert to Senior Manager of Strategy Planning Department and Head of Innovation Projects Direction. 2004-2007 he occupied positions of Senior Manager of Business Planning Department and Head of Group of Administrative Records Systems Installation of Severstal and 2007–October, 2007 – Senior Manager of General Direction of Severstal.