MECHEL ANNOUNCES BOARD OF DIRECTORS DECISION
Moscow, Russia – August 19, 2014 – Mechel OAO (NYSE: MTL), one of the leading
Russian mining and metals companies, announces the election of new members to
the Mechel OAO Management Board, the Company’s elected collegial executive body.
The election of new members to the Mechel OAO Management Board was approved by
the Mechel OAO Board of Directors on August 19, 2014. The following individuals
were elected to be members of the Management Board:
- Oleg Korzhov, Mechel OAO’s Chief Executive Officer (Chairman of the Management
Board)
- Alexey Ivanushkin, Mechel OAO’s First Deputy Chief Executive Officer
- Andrey Slivchenko, Mechel OAO’s Chief Financial Officer
- Elena Selivanova, Mechel OAO’s Vice-President for Human Resources and Social
Policy
- Valery Sheverdin, Mechel OAO’s Vice-President for Corporate Security
- Irina Ipeeva, Director of Mechel OAO’s Legal Department
- Vladimir Tytsky, Mechel-Steel Management Company OOO’s Chief Executive Officer
- Pavel Shtark, Mechel Mining Management Company OOO’s Chief Executive Officer
- Alexey Lebedev, Mecheltrans Management Company OOO’s Chief Executive Officer
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Mechel OAO
Ekaterina Videman
Tel: + 7 495 221 88 88
ekaterina.videman@mechel.com
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Mechel is an international mining and steel company which employs over 70,000
people. 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.
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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.