Annual Report 2007 - Severstal

Christopher Clark
Independent Chairman of the Board of
Directors, Member of the Nomination
and Remuneration Committee
Chris Clark, 66, is a leading industrialist
and brings extensive business knowledge
to the Board. Chris’s career spans 40 years
at Johnson Matthey plc, the specialty
chemicals and precious metals Group,
where he became Chief Executive in 1998.
He led the Group into the FTSE 100 in
2002. Since his retirement in 2004, Chris
has taken a number of non-executive
positions. He currently chairs: Associated
British Ports; Urenco Limited, the leading
international supplier of enriched
uranium to the power generating
industry; and Wagon plc, the European
manufacturer of metal components
for the automobile industry. Chris is a
graduate in metallurgy; he studied at
Trinity College, Cambridge and Brunel
University, London.
Alexey Mordashov
CEO, Severstal,
Member of Nomination and
Remuneration Committee
Alexey Mordashov, 42 , has worked for
Severstal since 1988. He started his career
as a senior shop economist, becoming
Chief Financial Officer in 1992. In
December 1996, he was appointed as
Severstal’s Chief Executive Officer. In
June 2002, he was also elected Chairman
of Severstal’s Board of Directors. Alexey is
a graduate of the Leningrad Engineering
and Economics Institute and holds an
MBA degree from Newcastle Business
School of Northumbria University
(Newcastle, UK).
Martin Angle
Independent Director,
Chairman of the Audit Committee
Martin Angle, 57, holds a number of
non-executive directorships in addition
to JSC Severstal, including Savills plc, a
leading international property adviser;
Dubai International Capital LLC; the
Chairmanship of The National Exhibition
Group in the UK; and the Chairmanship
of Celerant Consulting, a leading
international, operational management
consultancy. He also sits on the Board
of the Warwick Business School and the
Governing Council of the University of
Warwick. During his career, Martin has
held senior executive positions in
investment banking, industry and most
recently private equity, where he was an
Operational Managing Director of Terra
Firma Capital Partners and a director of
various of its portfolio companies. This
includes the Waste Recycling Group, the
largest end disposer of waste in the UK
where he was Executive Chairman;
and Le Méridien hotel group, where he
was Deputy Chairman. Prior to that,
Martin was for a number of years the
Group Finance Director of TI Group plc,
a specialised engineering company in
the UK FTSE 100 with activities in over
50 countries. Before that, he spent
20 years working in investment banking,
where he held a number of senior
positions with SG Warburg & Co Ltd,
Morgan Stanley and Dresdner Kleinwort
Benson. Martin is a graduate in physics,
a Chartered Accountant, a Member of
the Securities Institute and a Fellow of
the Royal Society of Arts.
Ronald Freeman
Independent Director,
Member of the Audit Committee
Ronald Freeman, 68, is a member of the
Board of Directors, a Consulting Partner
and stockholder of the Moscow-based
Troika Dialog investment bank. He is also
a member of the Supervisory Board and
the Human Resources Committee of
truck manufacturer, KAMAZ, a member
of the board of directors of Volga Gas,
a member of the Executive Committee
of the Atlantic Council, and a member of
the board of directors of Polish Telecom.
He is a member of the International
Advisory Committee of Columbia Law
School and the Development Committee
of Mansfield College (Oxford, UK).
Between 1991 and 1997, Ronald was
Head of the Banking Department of
the European Bank for Reconstruction
and Development (EBRD). He was
responsible for debt and equity financing
in the private sector in 23 countries of the
former Soviet Union, with a total annual
funds commitment of Euro 2 billion. Prior
to that, Ronald was vice-chairman of
Citigroup European investment banking
and a general partner of Salomon
Brothers. Ronald holds a BA degree
from Lehigh University, and an LLB
from the Law School of Columbia
University. He was admitted to the
New York Bar.
Anatoly Kruchinin
CEO, Cherepovets Steel Mill
Anatoly Kruchinin, 47, began his career
at Severstal in 1982. In 1993, he became
Chief Power Engineer and in March
1999, he was made Commercial Director.
From 2002, Anatoly worked as Executive
Director of Severstal, becoming the
company’s CEO later in 2002. Since 2006,
he has been Chief Executive
Officer of Cherepovets Steel Mill. Anatoly
is a graduate of the Ivanovo Power
Engineering Institute and holds an MBA
degree from National Economic Academy
under the Government of Russia.
Peter Kraljic
Independent Director,
Member of the Audit Committee
Peter Kraljic, 68, is a Director Emeritus at
McKinsey, where he spent 32 years and
held a number of senior positions until
his retirement in 2002. Focused mainly
on industrial clients in the chemicals,
pharmaceuticals, automotive assembly,
and steel and aluminium sectors, he was
also a member of McKinsey’s Personnel
Development Committee and has
managed the company’s activities in
France as a General Director. Peter has
also written a number of scientific and
business articles for publications such
as the Harvard Business Review and
Le Figaro Economic. He has also recently
led special projects aimed at economic
growth and job creation in Germany and
Brazil. Peter graduated from the University
of Ljubljana, Slovenia (Faculty of
Metallurgy), and Polytechnic University
in Hannover, Germany. He also holds a
Masters degree in business management
from the INSEAD business school, France.
Vadim Makhov
Chairman, Severstal North America,
Vice Chairman, Lucchini
Vadim Makhov, 35, has worked at
Severstal since 1994 as Deputy Head
of the Economic Research Laboratory
and Head of Severstal’s Strategic
Department. From June 2002, Vadim
served as Deputy Chief Executive Officer
of the Severstal Group. Since 2004,
he has been Chairman of the Board
of Directors of Severstal North America,
and Deputy Chief Executive Officer of
Severstal Group for Strategy and
Business Development. In 2007, he
was also appointed as Deputy Chief
Executive Officer of Severstal for Strategy
and Business Development. Vadim is
a graduate of the State Management
Academy named after Sergo
Ordzhonikidze, and holds an MBA
degree from Newcastle Business
School of Northumbria University
(Newcastle, UK).
Mikhail Noskov
CFO, Severstal
Mikhail Noskov, 44, worked at the
International Moscow Bank between
1989 and 1993. From 1994, he was
Trade Finance Director of Credit Suisse
(Moscow). He has worked for Severstal
since February 1997 as Head of Corporate
Finance and from 1998 as Finance and
Economics Director. In June 2002, he
was made Deputy CEO for Finance and
Economics of the Severstal Group, and
in January 2007, he was appointed
Deputy CEO for Finance and Economics
of Severstal. Mikhail graduated from
the Moscow Institute of Finance.
Rolf Stomberg
Senior Independent Director,
Chairman of the Nomination and
Remuneration Committee
Rolf Stomberg, 67, is Chairman of the
Supervisory Board of LANXESS AG, a
global chemical company which was
formed after reorganisation of Bayer
AG. He is Senior Independent Director
of the UK-Netherlands Publishing and
information group Reed Elsevier Plc,
and of medical equipment producer
Smith & Nephew Plc. He is also a member
of the Supervisory Board of TNT NV,
and Chairman of the Management
Consulting Group Plc. His executive
career was with BP (British Petroleum)
where he held the position of Managing
Director and CEO of BP’s downstream
business on the main Board of the
company. Rolf is an economics
graduate from Hamburg University.
Vadim Shvetsov
Executive Director
Vadim Shvetsov, 40, has worked at
the Cherepovets Steel Mill since 1986.
Between 1993 and 1996, he worked for
Severstal-Invest as Commercial Director
and, later, as Chief Executive Officer.
From 1996 to 2000, Vadim served as
deputy of the Cherepovets City Council.
In 1997, he became Head of Severstal’s
Sales Department. From 2002, he
combined the positions of First Deputy
CEO of Severstal Group and CEO of
Severstal-Auto. In March 2002, he
became CEO of Severstal-Auto, and
in January 2007, he was appointed
Deputy Director of the Metalware
segment. Vadim is a graduate of the
Cherepovets Wood Processing Technical
School, and the Moscow Institute of Steel
and Alloys. He also holds an MBA degree
from Newcastle Business School of
Northumbria University (Newcastle, UK).
Severstal Annual Report 2007 65