MECHEL ANNOUNCES NEW APPOINTMENT IN CHELYABINSK METALLURGICAL PLANT
Moscow, Russia – June 3, 2011 - Mechel OAO (NYSE: MTL), one of the leading
Russian mining and metals companies, announces the appointment of a new Managing
Director of its subsidiary Chelyabinsk Metallurgical Plant OAO.
Rashid Nugumanov, 53, was appointed Managing Director of Chelyabinsk
Metallurgical Plant effective June 3, 2011. He succeeds Sergei Malyshev, whose
experience and knowledge will be used in the company’s headquarters.
Mechel-Steel Management Company OOO’s Chief Executive Officer Andrey Deineko
noted that “Sergei Malyshev has worked at Chelyabinsk Metallurgical Plant OAO
for nearly six years and in that time succeeded in cutting costs and improving
the plant’s efficiency. With him at the helm, the plant implemented several key
investment projects, which enabled the enterprise to work very efficiently. The
anti-crisis program he pursued in late 2008 and early 2009 made Chelyabinsk
Metallurgical Plant one of the first enterprises in the industry to exceed its
pre-crisis production levels, maintain its social policies and continue with
investment projects, which is further proof of Mr. Malyshev’s superior
managerial skills.
“With his transfer to the company’s headquarters, Mr. Malyshev will focus on
handling strategic issues, which we pose to this manager with rich experience in
creating an efficient system for managing economic activities of an enterprise.
“I am sure that Rashid Nugumanov will be able to continue his predecessor’s work
and tackle new challenges facing the plant. He has extensive practical
experience in the steelmaking industry and proved himself to be a high-class
specialist, an efficient manager with a long record. We also find it positive
that Mr. Nugumanov has worked for 20 years on Chelyabinsk Metallurgical Plant,
working his way from a steel caster in the oxygen converter shop to a first
deputy production director, and so is thoroughly versed in all of the plant’s
specifics.”
Mr. Nugumanov began his professional career at Chelyabinsk Metallurgical Plant,
where he worked in 1981-1999, starting as a steel caster in the plant’s oxygen
converter shop and working his way up to the plant’s first deputy director of
operations. In 1999-2005, he worked at Zlatoust Metallurgical Plant, where at
different times he occupied the posts of first deputy general director and
general director. In 2006-2009, he was managing director of West Siberian Iron
and Steel Plant owned by Evraz Group. In August 2009, he returned to Zlatoust
Metallurgical Plant to become its managing director. In August 2010, he was
appointed general director of Donetsk Electrometallurgical Plant.
Mr. Nugumanov graduated from Urals Polytechnic Institute’s metallurgy
department. He took part in implementing a large number of new grades of steel,
several new steelmaking techniques and manufacturing machines. He is the author
of several inventions and an active rationalizer. In 2001, he was awarded the
title of “Meritorious Metallurgist” of Russian Federation. Mr. Nugumanov is also
a laureate of Russian government’s 2009 award in science and technology.
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Mechel OAO
Ekaterina Videman
Phone: + 7 495 221 88 88
ekaterina.videman@mechel.com
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Mechel is one of Russia’s leading companies. Its business is primarily composed
of  four segments: mining, steel, ferroalloy and power. Mechel unites producers
of coal, iron ore concentrate, nickel, steel, ferrochrome, ferrosilicon, rolled
products, hardware, heat and electric power. Mechel products are marketed
domestically and internationally.
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Some of the information in this press release may contain projections or other
forward-looking statements regarding future events or the future financial
performance of Mechel, as defined in the safe harbor provisions of the U.S.
Private Securities Litigation Reform Act of 1995. We wish to caution you that
these statements are only predictions and that actual events or results may
differ materially. We do not intend to update these statements. We refer you to
the documents Mechel files from time to time with the U.S. Securities and
Exchange Commission, including our Form 20-F. These documents contain and
identify important factors, including those contained in the section captioned
“Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in our
Form 20-F, that could cause the actual results to differ materially from those
contained in our projections or forward-looking statements, including, among
others, the achievement of anticipated levels of profitability, growth, cost and
synergy of our recent acquisitions, the impact of competitive pricing, the
ability to obtain necessary regulatory approvals and licenses, the impact of
developments in the Russian economic, political and legal environment,
volatility in stock markets or in the price of our shares or ADRs, financial
risk management and the impact of general business and global economic
conditions.