3 September 2018

Dmitry Furmanov appointed General Director of NLMK Ural

Dmitry Furmanov appointed General Director of NLMK Ural

NLMK Group, an international steel company, is pleased to announce the appointment of Dmitry Furmanov as General Director of NLMK Ural, one of the leading manufacturers of square billet, rebar and wire rod in Russia.

Dmitry Furmanov’s appointment is effective September 1, 2018. In addition to managing the company’s operations, in his new capacity Dmitry will be responsible for the further improvement of operational efficiency and execution of the new cycle of NLMK Group’s strategy. In this role Dmitry succeeds Sergey Babiy, who will go on to join the NLMK Production System development project office.

Dmitry Stopkevich, CEO of NLMK Russia Long Products Division that NLMK Ural is part of, said: “I would like to thank Sergey Babiy for his six years of successful leadership at NLMK Ural. Under his direction, the plant succeeded in boosting labour productivity and product quality, and added new steel grades to the product mix. Responding to the decline in the Russian construction segment, NLMK Ural expanded its market presence by entering export markets and started developing new sales channels to reach end consumers. I am confident that Dmitry Furmanov's experience and expertise will contribute to the company’s ongoing growth and further bolster its position in the market.”

Dmitry Furmanov’s background

Prior to his appointment to NLMK Ural, Dmitry Furmanov worked for Evraz Group. From 2012 to 2015, he was General Director of Evraz Ukraine. In 1996 he graduated from the Ural State Technical University with a degree in management. In 2007 he graduated from the American Institute of Management Accounting and Financial Management, and is a Certified Management Accountant (CMA).

About NLMK Ural

NLMK Ural is part of NLMK Group’s Russia Long Division. It is one of the largest manufacturers of concast square billets, rebar and wire rod in Russia. NLMK Ural’s production capacities are close to 2.2 million tonnes of steel and 2 million tonnes of rolled products per year. The company operates three production sites: in Revda (EAF steelmaking), in Nizhniye Sergi and in Beryozovsky (long products manufacturing).

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 windmills

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

NLMK has the most competitive cash cost among global manufacturers and one of the highest profitability levels in the industry. In H1 2018, the Company generated $5.9 billion in revenue and $1.7 billion in EBITDA. Net debt/EBITDA stands at 0.31х. The Company has investment grade credit ratings from S&P, Moody’s and Fitch.

NLMK’s ordinary shares with a 16% 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.

NLMK Group received Steel Industry Leadership Award at the prestigious 2016 Platts Global Metals Awards held by S&P Global Platts, a leading international industry analytical periodical.

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