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Severstal Announces Changes to Senior Management Team

09/01/2010 - Changes to OAO Severstal’s senior management team will take effect on September 1, 2010. These include Alexander Grubman, currently CEO of Severstal Resources division, being appointed CEO of Severstal Russian Steel.

Changes to OAO Severstal’s senior management team will take effect on September 1, 2010.
 
Alexander Grubman, currently CEO of Severstal Resources division, has been appointed 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.
 
Grubman joined OAO Severstal in 2006. Since June 1, 2009, he has held the position of CEO of Severstal Resources.
 
Vadim Larin has been appointed as acting CEO of Severstal Resources. Larin joined OAO Severstal in 2003. He has held leading management positions within the company’s coal business.
 
ОАО Severstal is one of the world’s leading integrated steel and mining companies, with assets in Russia, Ukraine, Kazakhstan, Italy, France, the U.S., and Africa. The company was 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 was the third-largest steel producer in Russia, the fourth-largest steel producer in the U.S., and the second-largest steelmaker in Italy (via Lucchini, in which Severstal has a 49% stake).