Moscow, Russia - July 16, 2013, Moscow, Russia - OAO Severstal, a steel company, announced that Vadim Larin has been appointed first deputy CEO and chief operating officer.
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Mr. Larin has been appointed as Chief Executive Officer of the Severstal Resources division in 2010. He joined Severstal in 2003 and has managed the Company's coal operations at Untaugol and Kuzbassugol. Since August 2007 he has served as CEO of Vorkutaugol. Prior to joining the Company, he worked at McKinsey & Company.
Mr. Larin graduated from the Moscow State Institute of Radio Engineering, Electronics and Automation. He also holds an MBA from INSEAD (France).
The company also announced that Alexander Grubman will step down as CEO of the Severstal Russian Steel division.
Mr. Grubman joined Severstal Resources in 2006 as Operations Director, becoming Chief Operating Officer later that year. In June 2009 he became Chief Executive Officer of Severstal Resources. In September 2010 he was appointed Chief Executive Officer of Severstal Russian Steel. Prior to joining Severstal, he held leading management positions at Coca-Cola Company, SunInterbrew and Unimilk.
Mr. Grubman graduated from Moscow Technological Institute of Food Industries as a mechanic engineer.
The company also announced that Sergey Toropov, who previously held of the position of CEO of OJSC TKZ Krasny Kotelshchik (OJSC Power Machines) and has been working at the Cherepovets Steel Mill for several years before joining Power Machines, is appointed as CEO of Severstal Russian Steel.
Mr. Toropov is with PJSC Severstal since 1995, where he has risen from the ranks of Head of Bureau of Sheet Mill Shop No.2 (LPTs-2) of the Production Directorate of Cherepovets Steel Mill to the Head of LPTs-2, which he took charge of in 2006.
In 2009 Mr. Toropov took charge of the hot-rolled mill products production of the Production-Technical Directorate of PJSC Severstal. From 2010 to 2012 he worked as First Deputy Director of Production-Technical Directorate of JSC Severstal. Since February of 2012 he has been Chief Executive Officer of PJSC"EMAlliance and JSC TKZ Krasny kotelshchik. ■