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The Management Board is responsible for making decisions on matters most crucial to the Company’s ongoing operations, coordinating activities of the management company’s services and divisions, and submitting proposals to the Board of Directors concerning the key business activities and related implementation plans.

In 2017, the Management Board held 7 in-person and 7 in-absentia meetings to review 79 matters. One half of the in-absentia meetings was attended by all elected members of the Management Board, and the other half – by eleven out of the twelve members.

There were changes to the membership of the Management Board in the first quarter of 2017: Marina Novikova resigned from the Management Board, while Dmitry Babenko was elected to the Management Board.

Management Board as at 31 December 2017

Andrey Varichev

Chairman of the Management Board
and CEO

Member of the Board of Directors since April 2007.
For more details
on the CEO

Andrey Ugarov

First Deputy CEO and COO

Graduated from Lipetsk Polytechnic Institute.

Mr Ugarov joined the Company in 1999 and has held various executive positions at the Company and its production enterprises since 2004. He was the Managing Director of OEMK in 2004– 2011 and has been in his current position since December 2013.

Nazim Efendiev

First Deputy CEO and Sales Director

Graduated from the Military Institute of Foreign Languages, has an MBA from the Russian Academy of National Economy, and completed a specialised course in International Management at Kingston University (UK).

Mr Efendiev has held various executive positions at the Company and its production enterprises since 2002 and has been in his current position since March 2012.

Yuriy Gavrilov

Strategy, Development and Transformation
Director

Graduated from the Moscow Institute of Physics and Technology with a degree in Aeromechanics and Flight Engineering. In 1999, Mr Gavrilov received a master’s degree in Finance from the Business and Economy Institute of the Russian Academy of National Economy, and an MBA in Business Administration – Finance Option from the University of California Business School.

He has been in his current position since May 2014.

Alexey Voronov

Finance Director

Graduated from the Moscow State Institute of International Relations of the Ministry of Foreign Affairs of Russian Federation.

Mr Voronov joined the Company in 2015. From February 2015 to September 2016, he served as Director of Treasury of Management Company Metalloinvest. He has been in his current position since October 2016.

Dmitry Babenko

Director of Legal Affairs

Graduated from the Moscow Mining Institute with a degree in Economics and Business Administration in Mining and Geological Exploration, and from the Moscow State Law Academy with a degree in Law.

He started his career at JSC Lebedinsky GOK and has held various executive positions at Management Company Metalloinvest. He has been in his current position since February 2016.

Tatiana Belyakova

Director of Economics

Graduated from Kharkiv Engineering and Economic Institute with a degree in the Economics and Organisation of Mining Industry.

Ms Belyakova joined the Company in 1988; up to 2015, she held various executive positions at Lebedinsky GOK and Management Company Metalloinvest, including Director of the Economic Analysis Department in 2011–2015.

She has been in her current position since August 2015.

Natalya Gryzanova

Investment Director

Ms Gryzanova graduated from the Plekhanov Russian University of Economics.

She has held various executive positions at the Company since 2013 and has been in her current position since December 2014.

Oleg Mikhailov

Managing Director,
JSC Lebedinsky GOK

Graduated from Leningrad Mining Institute.

Mr Mikhailov has held various executive positions at the Company and its production enterprises since 2006 and has been in his current position since October 2011.

Sergey Kretov

Managing Director,
PJSC Mikhailovsky GOK

Graduated from Patrice Lumumba Peoples’ Friendship University Mr Kretov has held various executive positions at the Company and its production enterprises since 1998 and has been in his current position since July 2006.

Nikolay Shlyakhov

Managing Director, JSC OEMK

Graduated from Lipetsk Polytechnic Institute.

Mr Shlyakhov has held various executive positions at the Company and its production enterprises since 1999 and has been in his current position since April 2011.

Evgeny Maslov

Managing Director, JSC Ural Steel

Graduated from Cherepovets State University.

Mr Maslov has held various executive positions at the Company and its production enterprises since 2007 and has been in his current position since April 2014.