Vadim Larin appointed as the COO of Severstal Resources, effective July 12, Sergey Efanov to replace him as the head of Vorkutaugol
20.05.2010
Vorkuta – Moscow. Vadim Larin, Head of OAO Vorkutaugol
since 2007, has been appointed Chief Operational officer (COO) of ZAO Severstal
Resources, OAO Severstal’s mining division, effective July 12, 2010. Sergey
Efanov, currently the Head of the Vorkutinskaya mine, will become CEO of
Vorkutaugol, effective July 12.
Vadim Larin will be responsible for the production
activities of all Severstal’s mining businesses.
Alexander Grubman, the CEO of Severstal Resources, said “Under the
leadership of Mr. Larin, Vorkutaugol has made a great stride forward in the
field of industrial safety, managed through the global recession, and made its
products more competitive whilst reducing total cash costs by one third.
Vorkutaugol has also modernized its key production and business processes.
These achievements mean Mr. Larin is well qualified to be the COO of the whole
mining division. We wish Vadim success in meeting and overcoming new
challenges”.
Vadim Larin was born in 1970 and graduated from Moscow State Institute of
Radiotechnics, Electronics and Automation, as well as INSEAD’s business school.
He worked for the international consulting company McKinsey, moving on in 2003
to work in the coal-mining industry as CEO of Intaugol and CEO of Kuzbassugol.
He has been the Head of Vorkutaugol since August 1, 2007. Mr. Larin is married
and has three children.
Sergey
Efanov, who takes over as CEO of Vorkutaugol, was born in 1974 in Aleksin, Tula
Region (Russia), and moved to Vorkuta with his parents in 1980. He graduated
from Moscow State Mining University with a specialization in mining machines,
beginning his career in the Mine construction department No. 3 of
Pechorashakhtostroy as an underground electrical fitter and later as a
mechanical engineer. In 1998, he joined the staff of Vorgashorskaya mine,
moving up in the ranks to become deputy production director. He was appointed
the Head of Vorkutinskaya mine on July 18, 2008. Mr. Efanov is married and has
two children.
“We wish Mr. Efanov good luck in this important role, which is to manage the
largest business in the mining division”, Alexander Grubman said. “I’m positive
that the new CEO will make a substantial contribution in the further
development of Vorkutaugol and will continue to manage the company towards
leadership in industrial safety and production efficiency.”
Vorkutaugol, which is part of Severstal Resources and one
of Russia’s largest coal businesses, operates five underground mines and one
open-pit mine. In 2009, Vorkutaugol produced 6.7 million tons of marketable
products, with coking coal concentrate being a staple.
