OREANDA-NEWS. September 1, 2010. Severstal (LSE: SVST), one of the world’s leading integrated steel and mining companies, announces changes to its senior management team.

Alexander Grubman, currently CEO of Severstal Resources division, has been appointed as CEO of Severstal Russian Steel. Anatoly Kruchinin, currently CEO of Severstal Russian Steel and the Cherepovets Steel Mill, will be appointed as deputy CEO of SeverGroup.

Alexander joined OJSC Severstal in 2006. Since June 1, 2009 he has held the position of CEO of Severstal Resources. His broad management experience and strong leadership qualities will support the continued development of the division.

Vadim Larin has been appointed as acting CEO of Severstal Resources. Vadim joined OJSC Severstal in 2003. He has held leading management positions within the Company’s coal business. He successfully implemented the cost cutting and efficiency programme.

These changes will come into effect on September 1, 2010.


OJSC Severstal is one of the world’s leading integrated steel and mining companies. The company’s shares are traded on the Russian Trading System (CHMF), MICEX (CHMF, RTS) and LSE (SVST). With assets in Russia, Ukraine, Kazakhstan, Italy, France, the USA and Africa, Severstal reported revenue of over USD 13 billion and EBITDA of USD 844 million in 2009. The Company was also ranked 13th in Metal Bulletin’s 2009 global ranking of Top Steelmakers, producing 16.7 million tonnes of crude steel. As of June 30, 2010, Severstal is the 3rd largest steel producer in Russia, the 4th largest steel producer in the US, and the 2nd largest steelmaker in Italy (via Lucchini in which Severstal has a 49% stake). Severstal’s mining assets in Russia and the USA mean that the Company has strong self-sufficiency in coking coal and iron ore in Russia, and good self-sufficiency in coking coal in the USA. Severstal’s gold business, part of its Resources Division, is Russia’s second largest gold producer.