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Vyacheslav Vorotnikov appointed Managing Director of NLMK Group's Lipetsk site

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NLMK Group, an international metallurgical company, announces the appointment of Vyacheslav Vorotnikov as Managing Director of the Novolipetsk Metallurgical Plant on August 5, 2019, who previously held the position of NLMK's Production Planning and Organization Director.

Sergey Filatov, who worked as a manager director since 2012, decided to leave his post for family reasons. He will continue to work in the company as an advisor to the President of NLMK Group.

“It is difficult to overestimate the contribution of Sergey Filatov to the development of the Lipetsk site and the company as a whole. He joined the company in 2012 and began with projects of rapid improvements in the first stages of NLMK, where most of the cost of our products is concentrated. Following the results of the first year of its operation, the plant reached the industry's best indicator in terms of production volumes. Each following year, NLMK set new production records and created new operational efficiency programs, some of which were technological breakthroughs. I would like to thank Sergey Vasilievich for his contribution to the company's results and building a culture of continuous improvement.

I wish Vyacheslav Vorotnikov success in his new position and I am confident that his experience and knowledge will allow Novolipetsk Plant to achieve the goals set in Strategy 2022, ”commented NLMK Group President Grigory Fedorishin.

Biography of Vyacheslav Vorotnikov

Vyacheslav Vorotnikov has been working at NLMK since 1975. From 1979 to 1998, he held various positions in the cold-rolled steel divisions. From 1998 to 2000 - Deputy Director for Sales, from 2000 to 2010 - Deputy Director for Production. From 2010 to the present, he headed the Directorate for Planning and Organization of Production. Graduated from the All-Union Correspondence Institute of Finance and Economics with a degree in Industrial Planning. Honored Metallurgist of Russia. He was awarded the Medal of the Order of Merit for the Fatherland, II degree and the badge of distinction “For Merit to the Lipetsk Region.” [/B]

Information about NLMK Group

NLMK Group is a vertically 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 United States. The company's steel production capacity exceeds 17 million tonnes per year.

NLMK demonstrates high cost competitiveness among global manufacturers, the company's profitability is one of the highest in the industry. The company's revenue in 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 have a free-float of 18.6%, 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.

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

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