Mechel Reports New Management Appointment
January 10 2018 - 8:31AM
Mechel PAO (MOEX:MTLR) (NYSE:MTL)
, one of
the leading Russian mining and metals companies, reports Nelli
Galeeva’s appointment as the company’s Chief Financial
Officer.
Prior to this appointment, Nelli Galeeva headed
Mechel’s accounting and tax department and oversaw work on the
Group’s consolidated international financial reporting. She has
been a member of the company’s Management Board since 2016.
“Nelli Galeeva is a perfect example of a top
manager who has successfully made her career within our company. In
those long years of working for Mechel Group, Nelli proved herself
as a leader distinguished by her thoughtful and highly professional
approach to every issue. The key tasks facing her today include
continuing the systematic work on improving the company’s financial
efficiency, completing the restructuring of our debt portfolio and
decreasing our net debt to EBITDA ratio,” Mechel PAO’s Chief
Executive Officer Oleg Korzhov noted.
Nelli Galeeva has been a member of the company’s
Management Board since 2016. In 2014-2018 she has been director of
Mechel PAO’s accounting and tax department. In 2008-2014 she served
as chief accountant of Mechel Mining Management OOO. In 2005-2008,
she was chief accountant of Southern Kuzbass Coal Company OAO. In
2000-2005, she was chief of consolidated and international
reporting department and deputy chief accountant at Southern
Kuzbass Coal Company OAO. In 1995-2000, she was the chief
accountant's deputy for production at Krasnogorsky Open Pit
OAO.
She graduated from the Kuzbass State Technical
University with a specialty in accounting and audit and from the
Kemerovo State University with a specialty in finance and
credit.
***
Mechel PAOEkaterina VidemanTel: + 7 495 221 88
88ekaterina.videman@mechel.com
***
Mechel is an international mining and steel
company. Its products are marketed in Europe, Asia, North and South
America, Africa. Mechel unites producers of coal, iron ore
concentrate, steel, rolled products, ferroalloys, heat and electric
power. All of its enterprises work in a single production chain,
from raw materials to high value-added products.
***
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.
Mechel PAO (NYSE:MTL)
Historical Stock Chart
From Mar 2024 to Apr 2024
Mechel PAO (NYSE:MTL)
Historical Stock Chart
From Apr 2023 to Apr 2024