Mechel Announces Change in Management

“In his seven years in our Group, Stanislav Ploschenko proved himself as a true professional, capable of making well-considered, occasionally unorthodox decisions. We highly value his contribution to our company. I wish Stanislav every success in his new job and am glad to welcome Andrey Slivchenko to our top management team. Andrey has a wealth of experience in finance, and I am sure that despite commodity market volatility, he will be able to handle tasks regarding Mechel’s strategy as approved by the Board of Directors. We will continue to work hard on improving our operational efficiency and deleveraging,” Mechel OAO’s Chief Executive Officer Oleg Korzhov noted.

Prior to his appointment in April 2014, in 2011-2012 Mr. Slivchenko, 38, worked as executive director and then chief executive officer of OJSC Pharmacy Chain 36.6. In 2007-2011, he was vice-president for corporate finance at United Aircraft Corporation. In 2003-2007, he was director of corporate finance at OJSC Pharmacy Chain 36.6. In 2001-2003, Mr. Slivchenko was director of corporate finance at Plim Palm Enterprise. In 1998-1999, he worked as chief of financial markets department at Uksi OOO.
Mr. Slivchenko graduated from Moscow’s International University with a specialty in economics and management.