Shareholders of the NMLK group of companies elected Sergey Karatayev as the new chairman of the company at an extraordinary meeting, as reported by Kommersant with a reference to the company's sources.
Karatayev, a former head of the First Logistics Company, is scheduled to assume the new position on January 12.
Grigory Fedorishin, an outgoing chairman, will remain a part of the company's board.
Karatayev graduated from the Financial Academy under the Government of the Russian Federation as a Finance and Credit specialist, and later got a MBA degree from the Insead business school in France. Earlier he was a vice president at NLMK and a CEO of the First Logistics Company before that. He was also a high-ranking official at the Novartis International AG and the Rosselmash state corporation.
In November 2023, it was reported that NLMK president Grigory Fedorishin would retire from his position this January.
NLMK Group is a leading international manufacturer of high-quality steel products with a vertically integrated business model. Mining and steelmaking are concentrated in cost-efficient regions; finished products are manufactured close to its main customers in Russia, North America, and the EU.
Theodor Lisovoy, Editor-in-chief of the European bureau, Rough&Polished
