MOSCOW, May 15 /PRNewswire-FirstCall/ -- Mechel OAO (NYSE: MTL), one ofthe leading Russian mining and metals companies, announces a new appointmentto the management at its Southern Kuzbass OAO coal mining subsidiary.
Victor Skulditskiy (50), who previously held the position of Director ofCoal Concentration and Processing Division, was appointed Managing Director ofSouthern Kuzbass OAO. Mr. Skulditskiy succeeded Sergei Popov, who was ActingManaging Director and now becomes the First Deputy Managing Director -Director for Operations.
Previously, Mr. Skulditskiy was Director of Southern Kuzbass OAO's branch,Coal Concentration and Processing Division, from August 2006 to May 2008. FromNovember 2005 to August 2006, he was Director of Southern Kuzbass OAO's branch- Kuzbass Central Processing Plant OAO. From December 1991 to October 2005, heheld various positions at Kuzbass Central Processing Plant OAO, with his lastposition being Director of Kuzbass Central Processing Plant OAO. He heldvarious positions at Taybinskaya and Cherkasovskaya Coal Processing Plants andKuzbass Coal Processing and Southern Kuzbass Coal production associations fromDecember 1979 to December 1991.
Mr. Skulditskiy graduated from the Kuzbass Polytechnic Institute with adegree in Mining Engineering and a concentration degree in Mineral Processing.He was awarded Russia's miner golden badge, special contribution to Kuzbassdevelopment medal, and miner's glory badge.
'Mr. Skulditskiy has worked in the Kuzbass mining industry for almostthirty years, of which twenty five years he has held executive positions. Heis a highly qualified and experienced professional. While heading the KuzbassCentral Processing Plant, he managed to raise its efficiency and productivity,and implemented modern technologies as well. As a result of Mr. Skulditskiy'sefforts, the plant's plans of concentrate output were regularly overfulfilledwith the plant having switched to application of cost and power savingproduction schemes. There are no doubts that, under Mr. Skulditskiy'sdirection, Kuzbass Central Processing Plant OAO will achieve strongoperational and financial results going forward,' Mechel Management OOO ChiefExecutive Officer Vladimir Polin said.
Mechel is one of the leading Russian companies. Its business includesthree segments: mining, steel, and power. Mechel unites producers of coal,iron ore concentrate, nickel, steel, rolled products, hardware, heat andelectric power. Mechel products are marketed domestically and internationally.
Some of the information in this press release may contain projections orother forward-looking statements regarding future events or the futurefinancial performance of Mechel, as defined in the safe harbor provisions ofthe U.S. Private Securities Litigation Reform Act of 1995. We wish to cautionyou that these statements are only predictions and that actual events orresults may differ materially. We do not intend to update these statements. Werefer you to the documents Mechel files from time to time with the U.S.Securities and Exchange Commission, including our Form 20-F. These documentscontain and identify important factors, including those contained in thesection captioned 'Risk Factors' and 'Cautionary Note Regarding Forward-Looking Statements' in our Form 20-F, that could cause the actual results todiffer materially from those contained in our projections or forward-lookingstatements, including, among others, the achievement of anticipated levels ofprofitability, growth, cost and synergy of our recent acquisitions, the impactof competitive pricing, the ability to obtain necessary regulatory approvalsand licenses, the impact of developments in the Russian economic, politicaland legal environment, volatility in stock markets or in the price of ourshares or ADRs, financial risk management and the impact of general businessand global economic conditions.
SOURCE Mechel OAO
