OREANDA-NEWS. PAO Severstal (‘Severstal’, the ‘Company’), one of the world's leading vertically integrated steel and steel-related mining companies, today announces the appointment of Alexander Shevelev as CEO of Severstal, effective from 12th December 2016. Alexey Kulichenko, Interim CEO of Severstal since 8th November 2016, will continue in his role as CFO of the Company.

Alexander Shevelev previously held the positions of CEO of SVEZA Group, a subsidiary of Severgroup, and CEO of Severstal-metiz, an international metalware manufacturer and subsidiary of Severstal.

Anatoly Frishman, previously CEO of Severstal-metiz, has been appointed CEO of SVEZA Group. Sergey Kovryakov has been appointed CEO of Severstal-metiz. These appointments are also effective from 12th December 2016.

Alexey Mordashov, Chairman of PAO Severstal, said: “Alexander Shevelev has significant experience and a deep understanding of Severstal’s operations and strong corporate culture that is built on developing its people. I am confident that Alexander will drive the company’s continued development and success going forward. I would like to thank Alexey Kulichenko for his hard work during his time as Interim CEO of Severstal.”