Executive team changes at NLMK Group Mining Division
NLMK Group is announcing a change in senior roles at its Mining Division that operates the company’s mining facilities, including its Stoilensky Mining and Beneficiation Plant.
Maxim Belenko has been appointed CEO of Stoilensky. Maxim previously held the position of Stoilensky Executive Director.
Sergey Napolskikh who previously doubled as Stoilensky CEO and Head of the Mining Division is going to focus on leading the strategic development of the Division. Namely, Sergey is supervising a large-scale project as part of NLMK Group’s next stage of strategic development: setting up a new integrated mining and steel production at Stoilensky.
Maxim Belenko’s background
Maxim Belenko joined Stoilensky in 1999 as a mining foreman. In 2016, he was assigned head of the Ore Department. In April 2016, Maxim assumed the position of General Director at Dolomit, one of the Mining Division companies, and in September 2019 he returned to Stoilensky as Executive Director.
Maxim holds a degree in open-pit mining from the Rudny Industrial Institute. He is also a graduate of the NLMK Group Leaders programme.
Stoilensky (part of NLMK Group) is among TOP 3 iron ore mining companies in Russia. The company accounts for 18% of Russia’s total iron ore production. Its main products include iron ore concentrate and pellets. Most of Stoilensky products are consumed by NLMK Lipetsk. Stoilensky commercial reserves are approximately 5 billion tonnes. For more information on Stoilensky, please visit the company’s official website.
About NLMK Group
NLMK Group is the largest steelmaker in Russia and one of the most efficient in the world.
NLMK Group’s steel products are used in various industries, from construction and machine building to the manufacturing of power-generation equipment and offshore wind turbines.
NLMK operates production facilities in Russia, Europe and the United States. The Company’s steel production capacity exceeds 17 million tonnes per year.
NLMK has a highly competitive cash cost among global manufacturers and one of the highest profitability levels in the industry. The Company has investment grade credit ratings from S&P, Moody’s, Fitch, and Expert RA.
NLMK’s ordinary shares with a 20.7% free-float are traded on the Moscow Stock Exchange (ticker "NLMK") and its global depositary shares are traded on the London Stock Exchange (ticker "NLMK:LI"). The share capital of the Company is divided into 5,993,227,240 shares with a par value of RUB1. For more details on NLMK shareholder capital, please follow the link.
For more details on NLMK Group, please visit our website.
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