Mechel Announces Appointment of Mechel-Energo OOO Chief Executive OfficerMoscow, Russia – August 4, 2011 - Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, announces the appointment of Anatoly Merzlyakov as the new Chief Executive Officer of Mechel-Energo OOO. Mr. Merzlyakov replaces Sergei Zorin, who was acting chief executive officer.
Anatoly Merzlyakov, 59, will continue to streamline the financial, administrative and production activities of all of Mechel Group’s energy generating and sales companies, as well as tackle their social and economic issues.
Mr. Merzlyakov has many years of experience working in the industry as a senior executive in several private and state-owned energy companies.
Prior to his appointment, in 2008-2009 Mr. Merzlyakov worked as a deputy chief executive officer in the Russian Housing Development Foundation. In 2006-2008, he was chief of the Upper Volga department and first deputy general director in the Interregional Distribution Grid Company of central Russia and North Caucasus. Before that, in 1998-2005 Mr. Merzlyakov worked as chief executive officer in Lipetskenergo OAO.
Mr. Merzlyakov graduated from Moscow Energy Institute with a specialty in industrial heat energy systems.
Mr. Merzlyakov has been granted industry awards — the titles of Honorary Energy Worker, Meritorious Employee of Russian Federation’s Energy Ministry, Meritorious Employee of Russia’s United Energy System, Honorary Energy Complex Worker. He was also awarded with the industry medal of 85th anniversary of GOELRO plan and the honor medal for Merit in Russian Energy Industry.
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Mechel is one of the leading Russian companies. Its business includes four segments: mining, steel, ferroalloy and power. Mechel unites producers of coal, iron ore concentrate, nickel, steel, ferrochrome, ferrosilicon, rolled products, hardware, heat and electric power. Mechel products are marketed domestically and internationally.
Some of the information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of Mechel, as defined in the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. We wish to caution you that these statements are only predictions and that actual events or results may differ materially. We do not intend to update these statements. We refer you to the documents Mechel files from time to time with the U.S. Securities and Exchange Commission, including our Form 20-F. These documents contain and identify important factors, including those contained in the section captioned “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in our Form 20-F, that could cause the actual results to differ materially from those contained in our projections or forward-looking statements, including, among others, the achievement of anticipated levels of profitability, growth, cost and synergy of our recent acquisitions, the impact of competitive pricing, the ability to obtain necessary regulatory approvals and licenses, the impact of developments in the Russian economic, political and legal environment, volatility in stock markets or in the price of our shares or ADRs, financial risk management and the impact of general business and global economic conditions.