Severstal Optimizes Management Structure
Vladimir Zaluzhsky has been appointed Head of Communications and Investor Relations, a new department which consolidates Severstal's PR, IR and Internal Communications functions. In this role he will report to Alexey Egorov, Senior Vice President of Communications and Government Relations. Elena Kovaleva, former Head of Communications, is stepping down and leaving Severstal to pursue other interests.
According to these changes, Severstal's IR and communications functions will form one combined department.
Vadim Larin, CEO of Severstal, said: "This structural optimization will enhance Severstal's management system by improving performance and reducing administrative costs. I believe that we are now better structured to benefit from synergies that will boost our PR and IR efficiency."