Mechel Reports Management Changes

Rhea-AI Summary

Mechel PAO (NYSE: MTL) announced the appointment of Ekaterina Silayeva as the new human resources director, joining the Management Board. Silayeva, who has extensive experience within the company, replaces Natalya Trubkina. Her previous roles include significant positions in remuneration and social policy, as well as personnel policy. CEO Oleg Korzhov praised her capabilities and wished her success in the new role. This leadership change aims to enhance the company's human resources and organizational development.

Positive

• Ekaterina Silayeva's appointment brings valuable internal experience, potentially strengthening leadership.
• Her extensive background in human resources within Mechel may lead to improved organizational development.

Negative

• The departure of Natalya Trubkina raises concerns about continuity in leadership, as she had been integral to HR strategies.

MOSCOW, RUSSIA / ACCESSWIRE / August 21, 2020 / Mechel PAO (MOEX:MTLR)(NYSE:MTL), one of the leading Russian mining and metals companies, reports Ekaterina Silayeva's appointment as the company's human resources director.

Ekaterina Silayeva will be in charge of Mechel Group's entire human resources and organizational development bloc. She also became part of Mechel PAO's Management Board. Her predecessor Natalya Trubkina has left the company.

"Ekaterina Silayeva has extensive and valuable experience, she has been working for Mechel for many years and knows the company from inside out. The Group's top management gained a strong member of our leadership in her. I wish Ekaterina success in her new post! I would also like to offer sincere gratitude to Natalya Trubkina for her fruitful efforts and hope that she will have equally ambitious and interesting tasks ahead of her outside Mechel," Mechel PAO's Chief Executive Officer Oleg Korzhov noted.

Prior to her appointment, Ms Silayeva worked as chief of Polyus Management Company's remuneration and social policy department. In 2007-2019, she worked within Mechel Group as deputy director and then director of compensations, benefits and social programs department, and director of Mechel PAO's personnel policy department. In 2004-2007, she worked as chief of Volgotanker AMS's motivation and compensation policy department. In 2001-2004, she was chief specialist at Lukoil Overseas Service Ltd's personnel development and stimulation department.

Ms Silayeva graduated State University of Management with a qualification as economist-mathematician. She also holds an MBA degree from the Russian Government's Academy of National Economy.

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Mechel PAO
Ekaterina Videman
Tel: + 7 495 221 88 88
ekaterina.videman@mechel.com

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Mechel is an international mining and steel company. Its products are marketed in Europe, Asia, North and South America, Africa. Mechel unites producers of coal, iron ore concentrate, steel, rolled products, ferroalloys, heat and electric power. All of its enterprises work in a single production chain, from raw materials to high value-added products.

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Some of the information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of Mechel, as defined in the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. We wish to caution you that these statements are only predictions and that actual events or results may differ materially. We do not intend to update these statements. We refer you to the documents Mechel files from time to time with the U.S. Securities and Exchange Commission, including our Form 20-F. These documents contain and identify important factors, including those contained in the section captioned "Risk Factors" and "Cautionary Note Regarding Forward-Looking Statements" in our Form 20-F, that could cause the actual results to differ materially from those contained in our projections or forward-looking statements, including, among others, the achievement of anticipated levels of profitability, growth, cost and synergy of our recent acquisitions, the impact of competitive pricing, the ability to obtain necessary regulatory approvals and licenses, the impact of developments in the Russian economic, political and legal environment, volatility in stock markets or in the price of our shares or ADRs, financial risk management and the impact of general business and global economic conditions.

SOURCE: PJSC Mechel via EQS Newswire

View source version on accesswire.com:
https://www.accesswire.com/602749/Mechel-Reports-Management-Changes

FAQ

Who is the new human resources director of Mechel?

Ekaterina Silayeva has been appointed as the new human resources director of Mechel PAO.

What happened to the previous HR director of Mechel?

Natalya Trubkina left her position as the human resources director at Mechel PAO.

What experience does Ekaterina Silayeva bring to her new role?

Silayeva has extensive experience within Mechel, having held various significant HR roles over the years.

When was Ekaterina Silayeva appointed as HR director?

Ekaterina Silayeva was appointed as the human resources director on August 21, 2020.

What is Mechel PAO's stock symbol?

Mechel PAO's stock symbol is MTL, listed on the NYSE.