Home / Press Releases / NLMK Group Announces Changes in the Management of NLMK Europe Division Flat Products

NLMK Group Announces Changes in the Management of NLMK Europe Division Flat Products

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NLMK Group, an international steel company, announces the appointment of Cornelius Louwrens as CEO of NLMK Europe Flat Products Division, which unites NLMK La Louviere, NLMK Strasbourg and the NLMK Manage service center, which are part of the NLMK Belgium holding Holdings (NBH). Previously, Cornelius Lawrence served as CTO at NLMK International. Former Division Chief Renaud Moretti made the decision to leave the company in April 2021.

“We are confident that Cornelius Lawrence's deep knowledge of the industry and experience in leadership positions in leading European steel companies will enable NLMK Europe Flat products realize their strategic objectives. We also want to thank Reno Moretti for his significant contribution to the transformation of the division, ”commented Ben de Vos, CEO of NLMK International.

Biography of Cornelius Lawrence

Cornelius Lawrence has more than 20 years of experience in management positions in large metallurgical companies in the world. He received his BS in Engineering Science from the University of Pretoria (South Africa) in 1990. In 2000, he received a diploma from Stellenbosch University (South Africa), in 2007 - from the Kellogg School of Management (Northwestern University, USA). He worked for such companies as Tata Steel, ArcelorMittal, Saldanha Steel. Since 2016, he has been employed by NLMK Group companies.

Information about NLMK Group

NLMK Group is a vertically integrated metallurgical company, the largest in Russia and one of the most the world's most efficient steel producers.

NLMK Group's steel 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 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 has investment grade credit ratings from S&P, Moody's, Fitch and Expert RA.

NLMK's common shares, which have free-float of 20.7%, 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.

You can download photos and corporate videos of NLMK Group from the media bank at the link.

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