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Management Board

The Management Board is the Company’s collegiate executive. The Management Board is responsible for the resolution of key issues related to the Company’s ongoing operations, the coordination of work performed by the management company’s services and divisions and the submission of proposals to the Board of Directors concerning the key businesses and related implementation plans.

The Management Board includes the Managing Directors of Lebedinsky GOK, Mikhailovsky GOK, OEMK and Ural Steel, which helps boost its operational efficiency.

In 2016, the Management Board held seven in-person and 11 in-absentia meetings to review the following items: budgeting, capex programme, strategy, business activities, production, and organisational changes.

Members of the Management Board

Andrey Varichev
Chairman of the Management Board and CEO of Management Company Metalloinvest.

Mr Varichev has been in his current role since October 2013.

Member of the Board of Directors since April 2007.

Andrey Ugarov
First Deputy CEO and COO of Management Company Metalloinvest.

Graduated from Lipetsk Polytechnical Institute.

Mr Ugarov joined the Company in 1999, and has held held various executive positions with Metalloinvest and its production operations since 2004. He was OEMK’s Managing Director from 2004–2011, and has been in his current role since December 2013.

Honoured Metallurgist of the Russian Federation.

Nazim Efendiev
First Deputy CEO and Sales Director, Management Company Metalloinvest.

Graduated from the Military Institute of Foreign Languages; received an MBA from the Russian Academy of National Economy and completed a specialised course in International Management at Kingston University (UK).

Mr Efendiev has held various executive positions at the Company and its production operations since 2002, and has been in his current role since March 2012.

Yuriy Gavrilov
Director for Strategy and Development, Management Company Metalloinvest.

Graduated from the Moscow Institute of Physics and Technology with a degree in Aeromechanics and Flight Engineering. In 1999, Mr Gavrilov received a master’s degree in Finance from the Business and Economy Institute of the Academy of National Economy, and an MBA in Business Administration, Finance Option from the University of California Business School.

He has been in his current role since May 2014.

Alexey Voronov
Finance Director, Management Company Metalloinvest.

Graduated from Moscow State Institute of International Relations (MGIMO) with a degree in International Economic Relations.

Mr Voronov joined the Company in 2015, and has been in his current role since October 2016.

Dmitry Babenko
Director of Legal Affairs, Management Company Metalloinvest.

Graduated from the Moscow Mining Institute with a degree in Economics and Business Administration in Mining and Geological Exploration and holds a degree in Legal Studies from the Moscow State Academy of Law, where he graduated in 1998.

Mr Babenko joined the Company in 1993 and has held various positions at Lebedinsky GOK and Metalloinvest Management Company.

He has been in his current role since February 2016.

Tatiana Belyakova
Director of Economics, Management Company Metalloinvest.

Graduated from the Simon Kuznets Kharkiv National University of Economics (formerly the Kharkiv Engineering and Economic Institute) with a degree in the Economics and Organisation of Mining Industry.

Ms Belyakova joined the Company in 1988, and since then has held various positions at Lebedinsky GOK and Management Company Metalloinvest. She has been in her current role since August 2015.

Natalya Gryzanovaа
Investment Director, Management Company Metalloinvest.

Graduated from the Plekhanov Russian University of Economics.

Ms Gryzanova has held various executive positions in the Company since 2013, and has been in her current role since December 2014.

Oleg Mikhailov
Managing Director, Lebedinsky GOK.

Graduated from Saint-Petersburg Mining University (former Leningrad Mining Institute).

Mr Kretov has held various executive positions at the Company and its production operations since 2006, and has been in his current role since October 2011.

Sergey Kretov
Managing Director, Mikhailovsky GOK.

Graduated from RUDN University.

Mr Kretov has held various executive positions at the Company and its production operations since 1998, and has been in his current position since July 2006.

Nikolay Shlyakhov
Managing Director, OEMK.

Graduated from Lipetsk Polytechnical Institute.

Mr Shlyakhov has held various executive positions at the Company and its production operations since 2001, and has been in his current role since April 2011.

Evgeny Maslov
Managing Director, Ural Steel.

Graduated from the Cherepovets State University with a degree in Ferrous Metals Metallurgy.

Mr Maslov has held various executive positions at the Company and its production operations since 2007, and has been in his current role since April 2014.