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Evraz Board Elects New Chairman
12/05/2008 - Evraz Group elects Alexander Abramov as Chairman of the company’s Board of Directors. Alexander Frolov will continue to serve as CEO.
Evraz Group announced the election of Alexander Abramov as Chairman of the company’s Board of Directors. Abramov succeeds Alexander Frolov, who will continue to serve as the company’s Chief Executive Officer.
Evraz said that splitting the roles of Chairman and CEO will help to ensure that the company is best positioned to deliver its strategic and operational goals.
In his new role, Abramov will be responsible for leading the Board and coordinating its activities. He also will ensure there is an effective dialogue with all the company’s stakeholders, which is of particular importance in the currently challenging market environment.
Frolov will now be responsible for daily management of the company’s steel and mining divisions in and outside of Russia, as well as for realizing synergies of vertical and horizontal integration between the company’s businesses worldwide.
The Board believes that Abramov and Frolov possess the extensive business experience and qualities necessary to achieve the successful fulfillment of Evraz’s goals.
