Last checked at 31 May 2013 15:03
Changes in the Board of Raspadskaya Coal Company
31 May 2013 - EVRAZ plc (LSE: EVR) notes the disclosure of Raspadskaya Coal Company (Raspadskaya, MICEX-RTS: RASP) on changes in the composition of the Board of Raspadskaya, election of the new Chairman of the Board and formation of Board committees.
At the annual general meeting of shareholders that was held on 27 May 2013, the shareholders of Raspadskaya elected the new Board which consists of the following members:
1. Alexander Frolov
2. Gennady Kozovoy
3. Ilya Lifshits
4. Terry Robinson
5. Sergey Stepanov
6. Hugh Stoyell
7. Jeffrey Townsend
At their first meeting held earlier today, Raspadskaya's directors elected Terry Robinson, an independent non-executive director of EVRAZ, as Chairman of the Board.
Mr. Robinson is a qualified chartered accountant and has 40 years' international business experience. He has been variously occupied with international business recovery engagements and investment projects including natural resources in the UK, Russia, the CIS and Brazil. Mr. Robinson sits on the Board of EVRAZ plc and is currently the Chairman of its Audit Committee as well as a member of EVRAZ's Nominations and Health, Safety and Environment (HSE) Committee. He also chairs EVRAZ's Risk Committee.
Raspadskaya's Board has also established three Board committees:
- Audit Committee, consisting of Jeffrey Townsend (Chairman), Terry Robinson, Hugh Stoyell;
- Health, Safety and Environment Committee, consisting of Hugh Stoyell (Chairman), Gennady Kozovoy, Sergey Stepanov, and
- Remuneration Committee, consisting of Terry Robinson (Chairman), Ilya Lifshits, Alexander Frolov.
###
For further information:
Media Relations:
Oleg Kuzmin
VP, Corporate Communications
London: +44 207 832 8998 Moscow: +7 495 937 6871
media@evraz.com
Investor Relations:
Sergey Belyakov
Director, Investor Relations
London: +44 207 832 8990 Moscow: +7 495 232 1370
ir@evraz.com
EVRAZ is a vertically integrated steel, mining and vanadium business with operations in the Russian Federation, Ukraine, USA, Canada, Czech Republic, Italy and South Africa. EVRAZ is among 20 top steel producers in the world based on crude steel production of 15.9 million tonnes in 2012. In 2012 EVRAZ sold 15.3 million tonnes of steel products. 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 2012 were US$14,726 million, and consolidated EBITDA amounted to US$2,012 million.
In January 2013 EVRAZ completed the acquisition of indirect controlling stake in the Raspadskaya coking coal company bringing effective interest to 82%.