EVRAZ announces the appointment of a new Chief Financial Officer
14 November 2016 - EVRAZ plc (LSE: EVR) ("EVRAZ" or the "Company") announces today that Mr.Nikolay Ivanov has been appointed Chief Financial Officer ("CFO") effective today. Mr. Ivanov succeeds Mr.Giacomo Baizini who held the position on an interim basis for four months after the resignation of Mr.Pavel Tatyanin.
In his role as EVRAZ CFO, Mr.Ivanov will lead the financial unit, as well as supervise the key supporting functions including Legal, Investor Relations and IT. Implementation of EVRAZ financial strategy, deleveraging and cost cutting are among Nikolay's top-priorities.
Nikolay will report to EVRAZ CEO, Alexander Frolov.
Prior to joining EVRAZ, Mr.Ivanov served as an Executive President, CFO at VimpelCom since 2013. Previously he held varous positions at TNK-BP including the First Deputy of Executive Vice President for exploration and production, having spent over 10 years with the company.
Nikolay graduated from the Financial Academy of the Government of the Russian Federation with a degree in "Finance and credit", as well as Northeastern University, Missouri, USA, and the Truman University, USA, with a degree in "Accounting". He is a member of the Association of Chartered Certified Accountants (ACCA).
"I am pleased to welcome Nikolay to EVRAZ and I look forward to him joining the EVRAZ management team.", noted Alexander Frolov, EVRAZ CEO.
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EVRAZ is a vertically integrated steel, mining and vanadium business with operations in the Russian Federation, Ukraine, Kazakhstan, USA, Canada, Czech Republic, Italy and South Africa. EVRAZ is among the top steel producers in the world based on crude steel production of 14.3 million tonnes in 2015. A significant portion of the company's internal consumption of iron ore and coking coal is covered by its mining operations. The company's consolidated revenues for the year ended 31 December 2015 were US$8,767 million, and consolidated EBITDA amounted to US$1,438 million.
