Mechel officially announces nomination of Khachaturov to new board
MOSCOW. Feb 5 (Interfax) - The board of directors of Mechel has decided on the candidates that will be nominated to the Russian steel and coal company's new board, which will be elected at an extraordinary shareholders meeting on March 4.
The company said in a press release that nine candidates have been proposed for the nine seats on the board, seven of whom are on the current board. New board members may include Tigran Khachaturov from Gazprombank and Alexander Orishchev, an independent director, who is on the board of directors of OJSC Mechel-Mining. Mechel materials stress that Khachaturov is an employee of the company and holds the position of financial adviser to the CEO.
Mechel's current board includes the group's principal shareholder and chairman, Igor Zyuzin; CEO Oleg Korzhov; first deputy CEO Alexei Ivanushkin; and senior vice president for government relations Viktor Trigubko. There are five independent directors on the board: Neuerth Coal Mining PVT Ltd chairman Arthur Johnson, APBE head Igor Kozhukhovsky, former Olympstroy vice president for finance Vladimir Gusev, Yury Malyshev and Federal Fund Corporation chairman Vladimir Korovkin.
Trigubko and Johnson have not been nominated to the new board.