OREANDA-NEWS. On 1 October, Denis Morozov was appointed as the new Chief Financial Officer at Interpipe, taking over from Vladislav Shulga who has left the company.

The new appointment follows Interpipe's transformation programme aimed at centralizing management and increasing efficiency. In this new frame the financial department, previously managed by the CFO, will be integrated into the strategic development department, responsible for the business' profitability. As such the new CFO will be given oversight and have the opportunity to manage both departments, influencing more effectively the company's financial results.

“External challenges demand maximum performance from our company's management, - Alexander Kirichko, Interpipe's Chief Executive Officer, commented. - Previously we held the positions of Chief Commercial Officer, responsible forthe company's sales, and Chief Operational Officer, managing production, procurement and investments. From now on, the financial department will be managed solely by the CFO. The new model will increase efficiency in the company's business processes”.

Denis Morozov has been working for Interpipe for 13 years. He was previously Head of the Budget department and Strategic Development Director.

Denis received a Master's degree in Informational systems management at Dnipropetrovsk national university.