Company Announcements

NLMK AGM: Mr Fedorishin confirmed as CEO, new BoD

Source: RNS
RNS Number : 8434K
Novolipetsk Steel
24 April 2020

Press release

24 April 2020

NLMK shareholders confirm Grigory Fedorishin as NLMK Group President and CEO and elect new Board of Directors

At the Annual General Shareholders' Meeting (AGM) held on 24 April 2020, NLMK shareholders voted to confirm Grigory Fedorishin as the Group's President and Chief Executive Officer; and to elect a new Board of Directors, with a majority of independent directors (six seats out of nine).

Nine members of the Board of Directors were elected:

·    Vladimir Lisin

·    Oleg Bagrin

·    Nikolay Gagarin

·    Thomas Veraszto (independent director)

·    Joachim Limberg (independent director)

·    Sergey Kravchenko (independent director)

·    Stanislav Shekshnia (independent director)

·    Benedict Sciortino (independent director)

·    Marjan Oudeman (independent director)

The shareholders also approved the Company's 2019 Annual Report and Financial Statements. The shareholders approved the payment of remuneration to members of NLMK Board of Directors and the external Auditor.

NLMK shareholders did not approve the amount of Q4 2019 dividends recommended earlier by the Board of Directors.


IR contact info:

Dmitry Kolomytsyn, CFA

+7 (495) 504 0 504

Media contact info:

Mariya Simonova

+7 (915) 322 62 25



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 wind turbines.

NLMK operates production facilities in Russia, Europe and the United States. The Company's steel production capacity exceeds 17 million tonnes per year.

NLMK's ordinary shares with a 18.6% 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.

For more information about NLMK Group, please visit our website.

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