Mechel appoints new CEO

Mechel OAO, one of the Russian mining and metals companies, has appointed Andrey Ponomarev as Chief Executive Officer of Mechel-Steel Management Company OOO. “Andrey Ponomarev’s professionalism is beyond any doubt. He is a top executive with a profound understanding of our national steel industry’s trends and challenges. He stood at the inception of our international steel sales network Mechel Service which has become a leading player on the Russian market, and took active part in outlining a strategy for Mechel’s steel division based on promoting high value-added products. Andrey will be tasked with ensuring stable development of the facilities he is entrusted with, and preserving the potential formed by the prior manager,” Mechel OAO’s Chief Executive Officer Oleg Korzhov noted.

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