The first meeting of the elected Board of Directors of NLMK after the annual meeting of shareholders took place, during which Vladimir Lisin was re-elected as Chairman of the Board of Directors.
The Board of Directors also approved the schedule of meetings and formed committees two of which the majority of seats were taken by independent directors.
Strategic Planning Committee:
Chairman - Oleg Bagrin, members: Thomas Verasto (independent director), Helmut Wieser, Joachim Limberg (independent director ), Vladimir Lisin, Marian Oudeman (independent director), Karen Sarkisov, Grigory Fedorishin, Benedict Shortino (independent director).
Audit Committee:
Chairman - Marian Oudeman (independent director ), members: Nikolay Gagarin, Karen Sarkisov, Stanislav Shekshnia (independent director), Benedikt Shortino (independent director).
HR, Remuneration and Social Policy Committee:
Chairman - Stanislav Shekshnya (independent director), members: OL eg Bagrin, Thomas Verasto (independent director), Joachim Limberg (independent director), Vladimir Lisin.
Information about NLMK Group
NLMK Group is a vertical an integrated metallurgical company, the largest in Russia and one of the most efficient producers of steel products in the world.
NLMK Group's metal products are used in various industries, from construction and mechanical engineering to power equipment and offshore wind turbines.
NLMK's production assets are located in Russia, Europe and the USA. The company's steel production capacity exceeds 17 million tonnes per year.
NLMK demonstrates high cost competitiveness among global manufacturers, and the company's profitability is one of the highest in the industry. The company's revenue for 12 months of 2018 amounted to $ 12 billion, EBITDA - $ 3.6 billion. The Net Debt /EBITDA ratio was 0.25x. The company has investment grade credit ratings from S&P, Moody's, Fitch and RAEX (Expert RA).
NLMK's common shares, which free-float is 16%, are traded on the Moscow Stock Exchange (ticker “NLMK "), Global depository shares - on the London Stock Exchange (ticker" NLMK: LI "). The share capital of the Company is divided into 5,993,227,240 ordinary shares with a par value of 1 Russian ruble. More information about NLMK's share capital can be found here.
For more information about NLMK Group, visit the website.
