Annual Report 2010 - Magnitogorsk Iron & Steel Works

Sergey V. Krivoshchekov(born in 1961), Director for Property Management Administration; Russian citizen;member of the Board of Directors since 19 May,2000; represents a shareholder ofOJSC MMK, Mintha Holding Limited.Graduate of the Magnitogorsk Institute of Mining and Metallurgy in 1983 with adegree in metallurgical engineering; 2009, D.Sc (Economics).EVENTS AFTER THE ACCOUNTING DATEIn line with the best international practice and standards in corporate governance to which the Company is committed, MMK'sshareholders, at their annual meeting on 20 May 2011, elected a new Board of Directors where 5 members satisfy the independencecriteria, including the newly elected directors, David Herman and Bernard Sucher.David J.HermanBorn in 1946.Independent member of OJSC MMK's Board of Directors, Chairman of the Board of Directors, OJSCSOLLERS.Education:JD Harvard Law SchoolMA Harvard Graduate School (Ford Foundation, Fellow in Soviet and East European Studies)BA New York University (magna cum laude)Junior Year at London School of EconomicsEmployment History:2009 – Present - STRATEGIC INITIATIVES, Member of the Board2009 – Present - NEW HEALTH SCIENCES (US), Member of the Board to a venture capital healthdiagnostic start up2003 – Present - SEVERSTAL AUTO (NOW SOLLERS AUTO), Member of the Board/Chairman since 20062004-2008 – AUDIT COMMITTEE, GOLDEN TELECOM (RUSSIA), Member of the Board/ChairmanMr.Herman spent twenty nine years with General Motors. His career spans 9 foreign assignmentsand makes him GM’ longest serving international service person, during which he hasdistinguished himself by bridging the cultural differences between the US and other countries,for which he is known in the media, industry in general and Government circlesBernard SucherBorn in 1960.Independent member of OJSC MMK's Board of Directors, Member of the Board of Directors,Aton Group.Education:Graduate, University of Michigan, 1983, Bachelors, Business Administration with an additionalconcentration in Russian and Soviet Studies. 3.83 GPA.Graduate, Columbia University Graduate School of Business, 2001, Senior Executive Program.Business:2011 – Aton Group, Member of the Board of Directors2007-2010 – Bank of America-Merrill Lynch, Russia Country Head2002-2006 – Alfa Capital, Chairman of the Board.1993-2002 – Troika Dialog, Managing Director, Co-Founder.1993-1999 – I.M. Galt, Inc., President.Entrepreneur and capital markets business leader, with strong sales-orientation and practicedcross-cultural communication skills. Deep experience in asset management and trading/sales.58