8.12.2011
8th December 2011 - EVRAZ plc (LSE: EVR) and EVRAZ Group S.A. (LSE: EVRZ) (jointly referred to as "EVRAZ") announce the intention to create EVRAZ Europe, a company that will consolidate all the European assets of EVRAZ including EVRAZ Vitkovice Steel a.s. (Czech Republic) and EVRAZ Palini e Bertoli Spa (Italy). This decision is another step in the implementation of a long-term strategy for EVRAZ European assets, which is to develop a single pan-European business, to improve the efficiency and profitability of operations, and to optimize business processes.
The new company will be led by Mr. Dmitrij Scuka who is appointed CEO EVRAZ Europe starting 2 January 2012. Dmitrij has a deep knowledge of EVRAZ European business, having joined the Company in 2009 as Director of Operations for European and African Assets responsible for the operations and transformation of three EVRAZ mills in Europe and South Africa. Prior to joining Evraz, Dmitrij held various positions in management consulting including the position of Partner in charge of the Enterprise Applications business unit for Deloitte Central Europe, and has a Diploma in Thermophysics/Nuclear Power Generation from Moscow Power Engineering University. Dmitrij's appointment is a logical step in the further optimization of EVRAZ European operations.
Until EVRAZ Europe becomes fully operational, Mr. Scuka will also temporarily lead EVRAZ Vitkovice Steel as Mr. Zbynek Kvapik, CEO of EVRAZ Vitkovice Steel, tendered his resignation with effect from 02 January 2012, having decided to continue his career outside EVRAZ. "I appreciated the opportunity to work at EVRAZ, and am grateful for the experience and skills I acquired during my time at EVRAZ Vitkovice Steel" - said Mr. Kvapik.
"Zbynek Kvapik spent 28 years at Vitkovice Steel and later at EVRAZ Vitkovice Steel, and we very much value his input to our operations as well as his loyalty and commitment" - said Pavel Tatyanin, Senior Vice President, EVRAZ International Business - "I am pleased to congratulate Dmitrij Scuka on his new appointment and I am convinced that his successful track record in managing the main operational processes at our mills in Europe will ensure the further sustainable growth of EVRAZ's European business".
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For further information:
Media contact:
Oleg Kuzmin
VP, Corporate Communications
London: +44 207 832 8990 Moscow: +7 495 937 6871
media@evraz.com
Investor contact:
Alexander Boreyko
Director, Investor Relations
London: +44 207 832 8990 Moscow: +7 495 232 1370
ir@evraz.com
EVRAZ is a vertically-integrated steel, mining and vanadium business with operations in the Russian Federation, Ukraine, the USA, Canada, the Czech Republic, Italy and South Africa. In 2010, EVRAZ produced 16.3 million tonnes of crude steel and sold 15.5 million tonnes of steel rolled products. EVRAZ was ranked the 15th largest steel producer in the world based on crude steel production of 16.3 million tonnes in 2010. EVRAZ's internal consumption of iron ore and coking coal is covered by its mining operations. EVRAZ's consolidated revenues for the year ended 31 December 2010 were US$13,394 million and consolidated adjusted EBITDA amounted to US$2,350 million. EVRAZ plc holds 98% of Evraz Group S.A.
