OREANDA-NEWS. March 10, 2010. Mr Korovin will oversee issues related to development and management of energy business in the framework of SCM's Group strategy of business development.

"Just like mining and metals, energy has always been the basis of SCM business. Understanding the importance and scale of this branch not only for SCM Group, but for the whole Ukraine, we will put a special emphasis on its development", commented Oleg Popov, CEO of SCM. So, we decided to introduce a new position in SCM - Director of Energy Business Development. In our view, this is not only a logical - just over a month ago we introduced similar position in mining and metals - but also a timely decision. Now SCM Energy Business is facing new tasks and arrival of Sergey Korovin will help our team successfully solve them".

As SCM Director of Energy Business Mr Korovin will represent SCM as a shareholder in supervisory board of DTEK and head the Audit Committee of the Supervisory Board. Mr Korovin will be responsible for the development and investment strategy of SCM Energy Business, as well as for the issues related to finances and risk management.

"I am thankful to SCM for their trust and I hope that my experience together with professionalism of SCM and DTEK will favour further development of the Group's Energy Business", said Sergey Korovin.

Sergey Korovin was born in 1971. In 1993 Mr Korovin graduated with honours from the Faculty of Computational Mathematics and Cybernetics at M.V. Lomonosov Moscow State University.

Before joining SCM, in 2002-2008 Sergey Korovin worked in Danish and Russian affiliates of the leading international consultancy McKinsey&Company, where he took the positions from consultant to junior partner. Working for McKinsey&Company Sergey Korovin participated in and managed a number of projects in strategy, organizational changes and management systems, use of IT for energy companies, telecommunications, direct investments and high technologies. Since 2008 Sergey Korovin managed the work with telecommunication companies and entered the Board of Directors of Microsoft's Russian office.