2 August 2013 // Press centre Metinvest Group
Metinvest Group announces that Aleksey Kutepov was appointed CFO. He replaces Sergiy Novikov, who will continue his career within Metinvest Group.
Mr. Novikov had been CFO since Metinvest was founded in 2006. He built the financial processes inside the Group, oversaw the group’s debut Eurobond issue, and supported a number of M&A transactions.
His transition to a new position is connected with Metinvest’s prioritization of its investment program. Mr. Novikov will focus on raising external financing for the company as a managing director for Metinvest’s financing unit. He will be based in Geneva (Switzerland).
Mr. Kutepov worked in the structures of Sibur Holding, the largest petrochemical company in Russia, for seven years. He started at the Controlling Department and later managed the financial directorates of the holding’s subsidiaries Tobolsk-Polymer and SiburTyumenGaz. For the last two years, he was Economics and Finance Director for Hydrocarbon Raw Materials at Sibur Holding, where he was responsible for the development and implementation of automated systems for business process management in the company, M&A transaction management, and operational efficiency improvement at the Holding’s enterprises.
- For editors:
METINVEST GROUP is a vertically integrated group of steel and mining companies that manages every link of the value chain, from mining and processing iron ore and coal to making and selling semi-finished and finished steel products. It comprises steel and mining production facilities located in Ukraine, Europe and the US, as well as a sales network covering all key global markets. The Group is structured into two operating divisions, Metallurgical and Mining, and its strategic vision is to become the leading vertically integrated steel producer in Europe, delivering sustainable growth and profitability resilient to business cycles and providing investors with returns above industry benchmarks. For the 12 months ended 31 December 2012, the Group reported revenues of US$12.6 billion and an EBITDA margin of 16%.
The major shareholders of METINVEST B.V. (the holding company) are SCM Group (71.25%) and Smart-Holding (23.75%), which partner in the Group’s management.
METINVEST HOLDING LLC is the management company of the Group.