VSMPO-Avisma says directors elect former Evraz executive as CEO

MOSCOW, Jul 2 (PRIME) -- The board of directors of Russian titanium producer VSMPO-Avisma has elected Sergei Stepanov, former vice president of mining and metals company Evraz, as the CEO, VMSPO-Avisma said in a statement on Thursday.

“To terminal powers of acting VSMPO-Avisma CEO Maxim Vadimovich Kuzyuk early, on July 1, 2020. … To elect Sergei Stanislavovich Stepanov as the CEO for the term from July 2, 2020 through July 1, 2023,” the statement read.

Stepanov was vice president of Evraz in charge of the coal division from November 2012 through June 2020. Prior to that, he was executive director of gold producer Nordgold in charge of operating activity of the company’s gold assets. Stepanov also occupied executive positions in Severstal-Resurs, SUAL holding, and Ukraine’s DTEK.

Kuzyuk was appointed the company’s acting CEO in May 2020, when the previous CEO Mikhail Voyevodin decided to leave the company.

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