Annual Report 2010 - Magnitogorsk Iron & Steel Works

16 22 26 28 32 38 50 72MMK , sBusiness ModelMMK’s Missionand StrategyOJSC MMK Boardof Directors'The Company'sProductionSales MarketsFinancesCorporateGovernanceEnvironmentProtectionOleg V. Fedonin(born in 1967), Vice President of LLC MMK Managing Company for Financeand Economics; Russian citizen; executive director of ММК Finance S.A.;member of the Board of Directors of MMK International S.A.; since 2009,member of the MMK Management Board; since 2010, member of theMMK Board of Directors, deputy of the Chelyabinsk Region’s LegislativeAssembly.Graduate of the Magnitogorsk Institute of Mining and Metallurgy in1983with a degree inmetallurgical engineering; Urals Academy of PublicAdministration (1996), PhD (Economics) (2002).Peter Charowindependent director(born in 1954), BP Plc’s Regional Director for Russia, CIS and Turkey, OJSCBritish Petroleum; U.S. citizen; member of the Board of Directors since 30March 2007, proposed by the OJSC MMK Board of Directors.Bachelor of Arts in Political Science from Swarthmore College,Pennsylvania, USA;Master of Arts in Political Science, Columbia University,New York, USA; Executive MBA in 2006 from Tuck School of Business,Dartmouth College, New Hampshire, USA.Sir David Loganindependent director(born in 1943), 1997-2001 British Ambassador to Turkey; 2002-06 Directorof Centre for Studies in Security and Diplomacy, University of Birmingham;2002-07, Chairman of GAP Activity Projects; 2002-07 Member of theInternational Advisory Board, Thames Water; 2002-2011 member of theSupervisory Board of Efes Breweries International; 2002-2011, nonexecutivedirector of European Nickel plc; since 2005, Chairman of theBritish Institute of Archaeology at Ankara; citizen of the United Kingdom;member of the Board of Directors since 30 March 2007, proposed by theOJSC MMK Board of Directors.Master of Arts (Hons) from Oxford University, UK in 1965.Steel & Style , 10 MMK ANNUAL REPORT 57