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Board of Directors
Severstal Board of Directors is responsible for the general management and performance of the Company’s operations, including approval of its strategy and monitoring its financial and business operations. The Board’s principal objective is to run the company in such a manner as to increase shareholder value in the medium and long term.
The Board bases its decisions on the need to act in the best interests of the entire company and to be fair to all shareholders. It may not give preference to the interests of any individual shareholder or group of shareholders. The Board is also responsible for the proper functioning of the system for disclosure and dissemination of information about the Company’s operations and for implementing the Company’s information policy.
The Board is authorized to take decisions concerning every aspect of Severstal’s activity, with the exception of matters referring to the jurisdiction of the General Shareholders Meeting.
The activity of the Board of Directors is regulated by the applicable law of the Russian Federation, Company’s Charter (2008) and Regulations for the Board of Directors of JSC “Severstal” (2008).
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Independent Chairman of the Board of Directors, Member of the Nomination and Remuneration Committee
Chris Clark, 67, is a leading industrialist and brings extensive business knowledge to the Board. Chris's career spans 40 years at Johnson Matthey plc, the specialty chemicals and precious metals Group, where he became Chief Executive in 1998. He led the Group into the FTSE 100 in 2002. Since his retirement in 2004, Chris has taken a number of non-executive positions. He currently chairs Associated British Ports, Urenco Limited, the leading international supplier of enriched uranium to the power generating industry. Chris is a graduate in metallurgy; he studied at Trinity College, Cambridge and Brunel University, London.
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CEO of Severstal, Member of Nomination and Remuneration Committee
Alexey Mordashov, 43, has worked for Severstal since 1988. He started his career as a senior shop economist, becoming Chief Financial Officer in 1992. In December 1996, he was appointed as Severstal's Chief Executive Officer. In June 2002, Mr. Mordashov was elected Chairman of Severstal’s Board of Directors and served as Chief Executive Officer of Severstal Group. Since December 2006, he has been Chief Executive Officer of Severstal. Alexey serves on the Entrepreneurs Council of the Government of Russian Federation. In addition, Mr. Mordashov is a member of the Russian-German workgroup responsible for strategic economic and finance issues, and he is the head of the Russian Union of Industrialists and Entrepreneurs’ (RSPP) Committee on Trade Policy. Since March 2006 he is a member of the EU-Russia Business Cooperation Council. Alexey is a member of the Atlantic Council President’s International Advisory Board. Mr. Mordashov earned his undergraduate degree from the Leningrad Institute of Engineering and Economics. He also holds an MBA degree from Newcastle Business School of Northumbria University (Newcastle UK). Alexey was granted an honorary doctorate from the Saint-Petersburg State University of Engineering and Economics in 2001 and from the University of Northumbria in 2003.
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Senior Independent Director, Chairman of the Nomination and Remuneration Committee
Rolf Stomberg, 68, is Chairman of the Supervisory Board of LANXESS AG, Leverkusen, a global chemical company, which was formed after reorganisation of Bayer AG. He is Senior Independent Director of medical device producer Smith and Nephew plc, London, and advises a number of German family owned companies. After his executive career of nearly 30 years with BP (British Petroleum Co plc), where he last held the position of CEO of BP’s downstream business and Managing Director on the main board of the company, he held a number of directorships in internationally operating companies in Europe such as Reed Elsevier Group, TNT NV, Scania AB, John Mowlem plc and Management Consulting Group plc, as well as on the boards of PE owned companies. Rolf is an economics graduate holding a Doctorate of Hamburg University, where he also served as a Lecturer. He was Honorary professor at the business school of Imperial College, London, and the Institut francais de Petrol, Paris.
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Independent Director, Chairman of the Audit Committee
Martin Angle, 58, holds a number of non-executive directorships in addition to JSC Severstal, including Pennon Group plc, Savills plc, a leading international property adviser; Dubai International Capital LLC; the Chairmanship of The National Exhibition Group in the UK; and until July 2008 the Chairmanship of Celerant Consulting, an international, operational management consultancy. He also sits on the Board of the Warwick Business School. During his career, Martin has held senior executive positions in investment banking, industry and more recently private equity, where he was an Operational Managing Director of Terra Firma Capital Partners and held various senior positions in its portfolio companies including the Waste Recycling Group, where he was Executive Chairman, and the Meridien Hotel Group, where he was Deputy Chairman. Prior to that, Martin was for a number of years the Group Finance Director of TI Group plc, a specialised engineering company in the UK FTSE 100 with activities in over 50 countries. Before that, he spent 20 years working in investment banking, where he held a number of senior positions with SG Warburg & Co Ltd, Morgan Stanley and Dresdner Kleinwort Benson. Martin is a graduate in physics, a Chartered Accountant, a Member of the Securities Institute and a Fellow of the Royal Society of Arts.
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Independent Director, Member of the Audit Committee
Ronald Freeman, 69, is a member of the Board of Directors, a Consulting Partner and stockholder of the Moscow-based Troika Dialog investment bank. He is also a member of the Supervisory Board and the Human Resources Committee of truck manufacturer, KAMAZ, a member of the board of directors of Volga Gas, a member of the Executive Committee of the Atlantic Council, and a member of the board of directors of Polish Telecom. He is a member of the International Advisory Committee of Columbia Law School and the Development Committee of Mansfield College (Oxford, UK). Between 1991 and 1997, Ronald was Head of the Banking Department of the European Bank for Reconstruction and Development (EBRD). He was responsible for debt and equity financing in the private sector in 23 countries of the former Soviet Union, with a total annual funds commitment of Euro 2 billion. Prior to that, Ronald was vice-chairman of Citigroup European investment banking and a general partner of Salomon Brothers. Ronald holds a BA degree from Lehigh University, and an LLB from the Law School of Columbia University. He was admitted to the New York Bar.
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Independent Director, Member of the Audit Committee
Peter Kraljic, 69, is a Director Emeritus at McKinsey, where he spent 32 years and held a number of senior positions until his retirement in 2002. Focused mainly on industrial clients in the chemicals, pharmaceuticals, automotive assembly, and steel and aluminium sectors, he was also a member of McKinsey's Personnel Development Committee and has managed the company's activities in France as a General Director. Peter has also written a number of scientific and business articles for publications such as the Harvard Business Review and Le Figaro Economic. He has also recently led special projects aimed at economic growth and job creation in Germany and Brazil. Peter graduated from the University of Ljubljana, Slovenia (Faculty of Metallurgy), and holds a PhD degree from Polytechnic University in Hannover, Germany. He also holds a Masters degree in business management from the INSEAD business school, France.
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CEO Severstal International, CEO Severstal North America.
Sergei Kuznetsov, 37, joined Severstal in 2002 to head the Business Planning Group created to acquire foreign assets and develop international projects. In 2004 he was appointed as Chief Financial Officer of Severstal North America. In 2008 he became Chief Financial Officer of OAO Severstal. In July 2009 Sergei became CEO of Severstal International and CEO of Severstal North America. Prior to joining Severstal, Sergei worked at the State Owned Foreign Trade Association Promsyrioimport (Industrial Materials Import/Export) and the Steel Trading Section of Moscow Representative Office of Cargill Enterprises, Inc. Sergei graduated from Bauman Moscow State Technical University in 1994, where he majored in Engineering. In 1998 he received his Finance MBA from California State University.
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CEO, Severstal Russian Steel
Anatoly Kruchinin, 48, began his career at Severstal in 1982. In 1993, he became Chief Power Engineer and in March 1999, he was made Commercial Director. From January 2002, Anatoly worked as Executive Director of Severstal, becoming the company’s CEO in July 2002. Since December 2006, he has been Chief Executive Officer of Cherepovets Steel Mill. Anatoly is a graduate of the Ivanovo Power Engineering Institute and holds an MBA degree from National Economic Academy under the Government of Russia.
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Non-Executive Director, Severstal
Mikhail Noskov, 45, worked at the International Moscow Bank between 1989 and 1993. From 1994, he was Trade Finance Director of Credit Suisse (Moscow). He has worked for Severstal since February 1997 as Head of Corporate Finance and from 1998 as Finance and Economics Director. In June 2002, he was made Deputy CEO for Finance and Economics of the Severstal Group, from 2007 till 2008 he was Deputy CEO for Finance and Economics of Severstal. Mikhail graduated from the Moscow Institute of Finance.
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Chief Financial Officer
Alexey Kulichenko, 35, graduated from the Omsk Institute of World Economy with a degree in economics. Alexey Kulichenko joined Severstal in 2005 as CFO of Severstal Resources, appointed CFO of OAO Severstal in July 2009. Prior to joining the company, Alexey held leading management positions at Sun Interbrew and Unimilk, where he was CFO.
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