9 January 2018

Mikhail Arkhipov appointed NLMK Group VP of HR and Management System

NLMK Group, an international steelmaking company, is pleased to announce the appointment of Mikhail Arkhipov as Vice President for Human Resources and Management System effective 10 January 2018.

Mr. Arkhipov will coordinate HR management practices across all production sites of NLMK Group; ensure service support to business and further development of human capital management systems. The new VP will also promote the development of NLMK Production System and continuous improvement.

The position of Vice President of Human Resources and Management System was previously held by Stanislav Tsyrlin.

Oleg Bagrin, NLMK Group President and CEO, said: “Over 14 years of dedicated work in the Company Stanislav Tsyrlin made a significant contribution to the development of NLMK Group. I would like to thank Stanislav for the execution of a number of key projects, including qualitative growth of labour productivity, reengineering of basic and auxiliary business processes, building a professional development system and the roll-out of SAP HR. He has laid a solid foundation for the next stage of our HR strategy. It will be up to the new HR lead to tap into the potential associated with the development of NLMK Production System, including through the improvement of staff motivation and development systems. Mikhail’s mission will be to take NLMK HR management to a new level.”

Mikhail Arkhipov’s background

Mikhail Arkhipov graduated with honours from the Faculty of Sociology of Lomonosov Moscow State University in 2004. After graduation, he worked in senior management positions in leading Russian and international companies in the FMCG, financial, oil and gas, and telecom sectors.

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 9M 2017, the Company generated $7.25 billion in revenue and $1.87 billion in EBITDA. As of 30 September 2017, Net debt/EBITDA stood at 0.3х. The company has investment grade credit ratings from S&P 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.

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.