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Ilyich Iron and Steel Works

Metinvest appoints Ruslan Rudnitsky to the Strategy Director’s position

20 May 2011 // Press centre Metinvest Group

Ruslan Rudnitsky has been appointed as the Strategy Director of METINVEST HOLDING, LLC. In this position he will be responsible for implementation of the strategic initiatives of the updated Strategy of Metinvest Group.

Ruslan’s career development in Metinvest started on the date of the Company incorporation in 2006, when he took the position of the Strategy and Investments Department of Iron Ore Division. At the Division level, Ruslan was responsible for development and implementation of the corporate strategy in iron ore business, investment projects and key operational improvement programs portfolio management.

Ruslan Rudnitsky graduated from Kiev National University of Economics. He possesses the Master’s Degree in International Investments. Since 2006, Mr. Rudnitsky has been a member of АССА.

«One of the most important developments as of the last year was the update of our long-term Strategy: we have coordinated the strategic goals and development priorities, we made important decisions with regards to Ilyich I&SW, debut issue of five-year bonds for the amount of $500 mln.» – noted Igor Syry, the CEO of Metinvest Holding, LLC. – Since April 2010 Ruslan has been successfully managing the Strategy Development project, as well as the following process of the approved strategic initiatives implementation being in the position of the Interim Strategy and Investments Director of Metinvest Group. I am convinced that his appointment to the chief strategist position will strengthen our competitive edge and will help us in achieving the goals set on the way to building the leading integrated steel maker in Europe».

Editorial notice:

Metinvest is an international vertically integrated mining and metallurgical group of companies that manages assets in each segment of production chain, from extraction of iron ore raw materials and coal as well as coke production up to manufacture of steel semi-finished and finished products, pipes and coils and also manufacture of other high-value-added products. The Group incorporates mining and metallurgical enterprises located in Ukraine, Europe and USA and has sales network covering all global key markets. The shareholders of Metinvest Group are SCM Group (75%) and Smart Holding (25%) that manages the Company collaboratively.

"METINVEST HOLDING" LLC is the managing company of Metinvest Group.