Metalloinvest, a leading manufacturer and supplier of iron ore products and hot briquetted iron in the world market, one of the leading regional producers of high-quality steel, announces the election of the Board of Directors of MC Metalloinvest with a new composition and the creation of a Sustainable Development Committee at the Board of Directors.

Alexander Blumgardt and Manfred Grundke were elected to the Board for the first time as independent directors.

Manfred Grundke chaired the newly created Committee on Sustainable Development. The Committee also includes General Director of MC Metalloinvest Nazim Efendiev, Deputy General Director of USM Pavel Mitrofanov and Alexander Blumgardt.

“Alexander Blumgardt and Manfred Grundke will bring the best international corporate governance practices to the Board of Directors, - said Chairman of the Board of Directors Ivan Streshinsky, - Sustainable development is integrated into all business processes and is one of the priorities of Metalloinvest's development strategy. The creation of the Sustainable Development Committee under the Board of Directors corresponds to the strategic importance of this area for the Company. The Committee will contribute to risk management in the field of sustainable development, control over compliance with ESG principles, and further increase the transparency and openness of information about Metalloinvest's activities for all stakeholders. "

Alexander Blumgardt graduated from the Faculty of Law of the Rhine University Friedrich-Wilhelm in Bonn, Germany. Since 2005, he headed the controlling department of the Knauf CIS group of companies. Since 2011, he has been the Commissioner for the CIS countries under the managing members of the Knauf group.

Since 2008, Manfred Grundke has been Managing Partner of the Knauf Group. Previously, he was President and CEO of Bosch Rexroth.

The Board of Directors of Metalloinvest Management Company consists of 12 people:

• Ivan Streshinsky, Chairman of the Board of Directors
• Vakhtang Kocharov, Deputy Chairman of the Board of Directors, Executive Director
• Nazim Efendiev, Executive Director
• Irina Lupicheva, Non-Executive Director
• Pavel Mitrofanov, Non-Executive Director
• Maxim Poletaev, Non-Executive Director
• Uluch Ergin, non-executive director
• Galina Aglyamova, independent director
• Valery Kazikayev, independent director
• Dmitry Tarasov, independent director
• Alexander Blumgardt, independent director
• Manfred Grundke, independent director

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