Independent Non-executive Director Appointment

RNS Number : 3484Y

Evraz Plc

29 February 2012

 



INDEPENDENT NON-EXECUTIVE DIRECTOR APPOINTMENT

29 February 2012 - EVRAZ plc (LSE: EVR) announces that Alexander Izosimov will join the EVRAZ Board with immediate effect as an Independent Non-executive Director. He will also become a member of Remuneration Committee of EVRAZ Board of Directors.

Alexander Izosimov has extensive managerial and board experience. In 2003-2011, he was President and CEO of VimpelCom, a leading emerging market telecommunications operator. In 1996-2003 he held various managerial positions at Mars Inc. and was Regional President for CIS, Central Europe and Nordics, and a member of the executive board. Prior to Mars Inc, Mr Izosimov was a consultant with McKinsey & Co. (Stockholm, London) (1991-1996) and was involved in numerous projects in transportation, mining, manufacturing and oil businesses.

Mr Izosimov currently serves on the boards of MTG AB, East Capital AB and Dynasty Foundation. He previously served as director and Chairman of the GSMA (Global association of mobile operators) board of directors, and was also previously a director of VimpelCom, Baltika Breweries, confectionery company Sladko, and IT company Teleopti AB.

Mr Izosimov graduated from the Moscow Aviation Institute and holds an MBA from INSEAD.

Commenting on the appointment, Alexander Abramov, Chairman of EVRAZ, said: "I am happy to welcome Alexander Izosimov to the EVRAZ board. I look forward to working with Alexander and hope that he will use his professional knowledge and life experience to the benefit of EVRAZ and in the interests of its shareholders."

No further information is required to be disclosed in respect of Alexander Izosimov pursuant to Listing Rule 9.6.13R (1) to (6).

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For further information:

Investor Relations:
Alexander Boreyko
Director, Investor Relations
London: [phone]          Moscow: [phone]

[e-mail]

Media Relations:
Oleg Kuzmin
VP, Corporate Communications
London: [phone]          Moscow: [phone]
[e-mail]

EVRAZ is a vertically integrated steel, mining and vanadium business with operations in the Russian Federation, Ukraine, USA, Canada, Czech Republic, Italy and South Africa. EVRAZ was ranked the 15th largest steel producer in the world based on crude steel production of 16.3 million tonnes in 2010. In 2011 EVRAZ produced 16.8 million tonnes of crude steel. A significant portion of the Group's internal consumption of iron ore and coking coal is covered by its mining operations. The Group's consolidated revenues for the year ended 31 December 2010 were US$13,394 million and consolidated adjusted EBITDA amounted to US$2,350 million. EVRAZ plc holds 100% of Evraz Group S.A.

 

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