10 April 2012 // Press centre Metinvest Group
Metinvest Group (METINVEST), an international vertically integrated group of mining and metals companies, today announces that its shareholders decided to appoint Mr Damir Akhmetov a Member of the Supervisory Board of Metinvest Group. Mr Akhmetov will oversee the the matters of strategy, corporate development and governance as well as production efficiency. Besides, within the frames of the company’s transition to the continental corporate governance system that implies a clear division of executive functions between the management and the Supervisory Board, the shareholders decided to withdrew Igor Syry, the CEO of Metinvest, from the Supervisory Board. So that, the Supervisory Board of Metinvest now comprises 9 (nine) members with two of them being independent directors.
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Metinvest is an international vertically integrated steel and mining group of companies managing every link of the value chain from mining of coal and iron ore materials and coke production to making semis and finished goods from steel, pipes and coils as also production of other products with high added value. The Group comprises steel and mining production facilities located in Ukraine, Europe and the USA and has a sales network covering all key global markets. Major shareholders: SCM Group (71.25%) and Smart-Holding (23.75%) partnering in Company’s management.
METINVEST HOLDING, LLC is the managing company of Metinvest Group.