OREANDA-NEWS. On September 03, 2008 the due meeting of the VSMPO-AVISMA shops and services management took place to summarize the results of the company activities in August, 2008, reported the press-centre of VSMPO-AVISMA.

Prior to start discussions of the production issues the member of the VSMPO-AVISMA Board of Directors Michael V.Voevodin delivered a speech:

"Dear colleagues and metallurgists!

Let me speak on behalf of the VSMPO-AVISMA Board of Directors.

For the last 16 years under the V.V.Tetjukhin Director General management the corporation significantly strengthened its positions in the world market, being the reliable partner, and became the largest producer of titanium and its products worldwide.

During the latest 2 years the Board of Directors has made the key decisions targeted at improvement of the production processes, including such basic ones like management processes. Under the intense competition the specific attention should be paid at the corporate strategic development. Based on the objective conditions the decision on the highlighted strategic planning function of the Corporation President was made.

The president works under the Board of Directors. He is responsible for the total control over the corporate activities. The Presidents aims at increase of the effective work of the Corporation through development and reinforcement of the external economic and business communications, improvement of the production processes, development of the strategy for short and long term development as well as development of the R&D base, innovation, investment, social and personnel administration policies, cooperation development in the Corporate administrative bodies.

Obviously, such tasks may be solved by the person, which has the strategic view, experience, skills and authority in the worldwide titanium branch.

Vladislav V.Tetjukhin is the self-perpetuating leader and VSMPO-AVISMA manager and to the total opinion does not need any assessment and recommendation. He well knows the titanium market situation and all the aspects. He is deeply experienced in production and research activities.

This will by all means allow him to solve all the tasks, which are set before the JSC VSMPO-AVISMA corporation President.

The Director General functional authorities remain unchanged and the Director General will be as usual carry out operative management per the Corporation by-laws.

Eugene Vladimirovich Romanov is assigned JSC VSMPO-AVISMA Corporation Director General, previously being positioned in the authorities of the mining metallurgical company of the Zapolyarsky affiliate "Norilsk Nickel". Eugene Romanov will discharge duties since September 3, 2008".

Vladislav Tetjukhin, who came out with a speech in a new title was thankful for the work and designated the main tasks of the Corporation for the nearest future: "keep up titanium production level, remain the developing company. Aims – conquer the third part of the world titanium market and make the cooperation with our partners stronger. Thus, we now need the maximum efficient and creative skills on behalf of the new Director General and our optimal support and solidarity.

We will now experience the prompt and at the same time profound going into detail. We are targeting the same goal. Nothing changes: the corporate strategy remains the same, priorities in development and social sphere as well.

Today we are at the unique step to make Russia the most powerful titanium country worldwide".

The speech of E.Romanov, the new Director General was brief: "Your company is known in our country as well as in the whole titanium and aerospace world. The targets of the Corporation are ambitious. I bank upon your support in their achievement".