Grigory Fedorishin elected President of NLMK
Shareholders of NLMK Group at its Extraordinary General Meeting held on 12 March 2018 voted to elect Mr. Grigory Fedorishin as the Group’s President and Chief Executive Officer (Chairman of the Management Board) for the period until 8 June 2018.
Previously, NLMK Board of Directors resolved to convene the Annual General Shareholders’ Meeting on 8 June 2018, and also suggested the shareholders elect Mr. Grigory Fedorishin as NLMK Group’s President and Chief Executive Officer (Chairman of the Management Board) for another term starting from 8 June 2018.
About NLMK Group
NLMK Group is the largest steelmaker in Russia and one of the most efficient in the world.
NLMK Group’s steel products are used in various industries, from construction and machine building to the manufacturing of power-generation equipment and offshore windmills.
NLMK operates production facilities in Russia, Europe and the United States. The Company’s steel production capacity exceeds 17 million tonnes per year.
NLMK has the most competitive cash cost among global manufacturers and one of the highest profitability levels in the industry. In 2017, the Company generated $10.07 billion in revenue and $2.66 billion in EBITDA. As of 31 December 2017, Net debt/EBITDA stood at 0.35х. The company has investment grade credit ratings from S&P, Moody’s and Fitch.
NLMK’s ordinary shares with a 16% free-float are traded on the Moscow Stock Exchange (ticker "NLMK") and its global depositary shares are traded on the London Stock Exchange (ticker "NLMK:LI"). The share capital of the Company is divided into 5,993,227,240 shares with a par value of RUB1. For more details on NLMK shareholder capital, please follow the link.
NLMK Group received the Steel Industry Leadership Award at the prestigious 2016 Platts Global Metals Awards held by S&P Global Platts, a leading international industry analytical periodical.