Evraz Plc CEO SUCCESSION PLAN
RNS Number : 4283Z
21 May 2021
CEO SUCCESSION PLAN
21 May 2021 - EVRAZ plc (LSE: EVR) (the "Company") announces its
CEO succession plan.
After serving as CEO of EVRAZ for 14 years, Alexander Frolov is
stepping down from the role on 31(st) August 2021. The Board is
enormously grateful to him for his exceptional service and for his
contribution to the Company's success. Mr Frolov will continue as a
non-executive director so that his extensive knowledge and
experience remain available to the business.
The Board approved today the appointment of Aleksey Ivanov as
CEO with effect from 1(st) September. Mr Ivanov is currently the
Senior Vice President responsible for Commerce and Business
Development. In making the appointment the Board was advised by
independent recruitment consultants.
Commenting on the news, Alexander Frolov said: "I would like to
thank the Board of Directors and Alexander Abramov, the Chairman,
personally for the invaluable experience that has made EVRAZ one of
the market leaders. I intend to continue fully supporting the
company as a shareholder and member of the Board of Directors, and
I am confident that EVRAZ has a bright future ahead."
Aleksey Ivanov said: "I am grateful for the faith that the Board
of Directors is showing in me. The strategic vision for EVRAZ'
development, principles and dedication are shared by all members of
the team. I intend to do everything possible to ensure that EVRAZ
strengthens its leading positions while preserving its unique
Aleksey Ivanov (born 1975) joined EVRAZ in 2002. Prior to his
appointment as Senior Vice President, Business Development and
Commerce in November 2015, he held the positions of Vice President,
head of the Steel Division (2011-2015) and head of the Siberia
Division (2009-2011). Earlier, he served as Senior Deputy CFO
responsible for Treasury and Controlling functions (2005-2009). Mr
Ivanov qualified as a Chartered Management Accountant in 2004. He
graduated from INSEAD's executive program in 2002 and holds a
degree in finance from the Financial Academy of the Government of
the Russian Federation.
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(END) Dow Jones Newswires
May 21, 2021 05:00 ET (09:00 GMT)
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