Annual report and accounts 2012
Christopher Clark Christopher Clark Non-Executive Chairman of the Board of Directors
Alexey Mordashov Alexey Mordashov Chief Executive Officer
Alexander Grubman Alexander Grubman CEO, Severstal Russian Steel Division
Sergei Kuznetsov Sergei Kuznetsov CEO, Severstal International Division,
CEO, Severstal North America
Alexey Kulichenko Alexey Kulichenko Chief Financial Officer
Mikhail Noskov Mikhail Noskov Non-Executive Director
Rolf Stomberg Rolf Stomberg Senior Independent Director, Chairman of the
Board Nomination and Remuneration Committee
Martin Angle Martin Angle Independent Non-Executive Director,
Chairman of the Board Audit Committee
Ronald Freeman Ronald Freeman Independent Non-Executive Director,
Member of the Board Audit Committee
Peter Kraljic Peter Kraljic Independent Non-Executive Director,
Member of the Board Audit Committee
Christopher Clark Alexey Mordashov Alexander Grubman Sergei Kuznetsov Alexey Kulichenko Mikhail Noskov Rolf Stomberg Martin Angle Ronald Freeman Peter Kraljic

Christopher Clark

Role: Chairman of the Board of Directors, Independent Non-Executive Director, Member of the Board Nomination and Remuneration Committee

Appointment: since December, 2006

Experience: Born in 1942, Chris Clark is a leading industrialist and senior executive, bringing extensive business knowledge to the Board. Chris’s career spanned 42 years at Johnson Matthey plc, the specialty chemicals and precious metals group, where he became CEO in 1998. He led the Group into the FTSE 100 in 2002. Since his retirement in 2004 from executive management roles, Chris has taken a number of non-executive positions. He has previously chaired: Associated British Ports, the UK’s leading ports group; Urenco Limited, the leading international supplier of enriched uranium to the power generating industry; and Wagon plc, the European manufacturer of metal components for the automobile industry.

External appointments: Chairman of RusPetro plc, an independent oil and gas producer conducting oil exploration and production activities in the Krasnoleninsk field in Western Siberia, one of the largest oil producing regions in Russia.

Education: Chris is a graduate in metallurgy. He studied at Trinity College, Cambridge and Brunel University, London.

Alexey Mordashov

Role: CEO, OAO Severstal, Member of the Board Nomination and Remuneration Committee

Appointment: since September, 1994 (with Severstal Group since 1988)

Experience: Born in 1965, Alexey Mordashov has worked for Severstal since 1988. He started his career as a senior shop economist, becoming Chief Financial Officer in 1992. In December 1996, he was appointed as Severstal’s Chief Executive Officer. In June 2002, Mr. Mordashov was elected Chairman of Severstal’s Board of Directors. Since 2002 he has served as Chief Executive Officer of Severstal Group and since December 2006 he has been the Chief Executive Officer of Severstal.

External appointments: Member of the Supervisory Board of Non-Profit Partnership Russian Steel (since June 2010). Chairman of World Steel Association (since October 2012), which is headquartered in Brussels, Belgium. Head of the Russian Union of Industrialists and Entrepreneurs’ (RSPP) Committee on Integration, Trade and Customs Policy and WTO. Chairman of The Trade Taskforce of the Business 20 within the year of Russia’s chairmanship in Group of Twenty (G20) which has commenced on 1 December 2012. Serves on the Entrepreneurs Council of the Government of Russian Federation. A member of the Russian- German workgroup responsible for strategic economic and finance issues. Since March 2006 – a member of the EU-Russia Business Cooperation Council. Member of the Atlantic Council President’s International Advisory Board. Chairman of the Board of OAO Power Machines. Member of the Board of Nordgold N.V. Chairman of the Board of ZAO SVEZA.

Education: Alexey earned his undergraduate degree from the Leningrad Institute of Engineering and Economics. He also holds an MBA degree from Newcastle Business School of Northumbria University (Newcastle UK). Alexey was granted an honorary doctorate from the Saint-Petersburg State University of Engineering and Economics in 2001 and from the University of Northumbria in 2003.

Alexander Grubman

Role: CEO, Severstal Russian Steel Division

Appointment: since June, 2011 (with Severstal Group since 2006)

Experience: Born in 1962. Alexander joined Severstal in 2006 as Operations Director of Severstal Resources, becoming Chief Operating Officer later that year. In June 2009 Alexander became Chief Executive Officer of Severstal Resources. In September 2010, he was appointed Chief Executive Officer of Severstal’s Russian Steel Division. Prior to joining Severstal, Alexander held leading management positions at Coca-Cola Company, Sun Interbrew and Unimilk.

External appointments: Member of the Board of Iron Mineral Beneficiation Services (Pty) Ltd.

Education: Alexander graduated from Moscow Technological Institute of Food Industries as a mechanical engineer.

Sergei Kuznetsov

Role: CEO, Severstal International Division, CEO, Severstal North America

Appointment: since June, 2009 (with Severstal Group since 2002)

Experience: Born in 1971. Sergei Kuznetsov started his career in 1994 as an expert in trade operations for steel and steel products at the state-owned Foreign Trade Association, Promsyrioimport (Industrial Materials Import/Export). In 1995-2001 he worked as a commercial representative in the Steel Trading section of the Moscow Representative Office of Cargill Enterprises, Inc. He joined Severstal in 2002 to head the Business Planning Group responsible for acquisitions of foreign assets and development of international projects. In 2004 he was appointed as Chief Financial Officer of Severstal North America. In 2008 he became Chief Financial Officer of OAO Severstal. In July 2009 Sergei became CEO of Severstal International and CEO of Severstal North America.

External appointments: CEO and Member of the Board of Severstal Investments LLC and Severstal Dearborn LLC. Member of the Board of Severstal US Holdings LLC, Severstal Columbus Holding, LLC and Severstal US Holdings II LLC. Treasurer in Charnwood 1, LLC.

Education: Sergei graduated from Bauman Moscow State Technical University in 1994, where he majored in Engineering. In 1998 he received his Finance MBA from California State University, Hayward.

Alexey Kulichenko

Role: CFO, OAO Severstal

Appointment: since October, 2009 (with Severstal Group since 2005)

Experience: Born in 1974. In 1996-2003 he worked for Sun Interbrew, starting his career as cash flow economist of Omsk plant, Rosar, and ending as Efficiency Planning and Managing Director of Sun Interbrew. From 2003 to 2005 Alexey worked as CFO at Unimilk – the second largest milk producer in Russia, which owned 20 plants in Russia and Ukraine. From December 2005 to July 2009 he worked as CFO of CJSC Severstal Resource. From 2006 till 2010 Alexey was a member of the Board of directors of JSC Vorkutaugol. In July 2009 he was appointed CFO of OAO Severstal.

External appointments: none.

Education: Alexey graduated from the Omsk Institute of World Economy with a degree in economics.

Mikhail Noskov

Role: Non-Executive Director

Appointment: since April, 1998 (with Severstal Group since 1997)

Experience: Born in 1963. Mikhail worked at the International Moscow Bank between 1989 and 1993. From 1994, he was Trade Finance Director of Credit Suisse (Moscow). He has worked for Severstal since February 1997 as Head of Corporate Finance and from 1998 as Finance and Economics Director. In June 2002, he was made Deputy CEO for Finance and Economics of the Severstal Group, from 2007 to 2008 he was Deputy CEO for Finance and Economics of Severstal.

External appointments: Deputy CFO of ZAO Severgroup. Chairman of the Board of Non- Governmental Pension Fund, StalFond. Member of the Board in such companies as Nordgold N.V., ОАО AB Russia, OAO Mostotrest, ZAO SVEZA, ZAO National media group, ZAO GK Video International, ZAO ABR Management, TUI Aktiengesellschaft, Non-Governmental Pension Fund, Gazfond.

Education: Mikhail graduated from the Moscow Institute of Finance.

Rolf Stomberg

Role: Senior Independent Director, Chairman of the Board Nomination and Remuneration Committee

Appointment: since December, 2006

Experience: Born in 1940. After his executive career of nearly 30 years with BP (British Petroleum Co plc), where he last held the position of CEO of BP’s downstream business and Managing Director on the main board of the company, he held a number of directorships in internationally operating companies in Europe, such as Smith and Nephew plc, Reed Elsevier Group, TNT NV, Scania AB, John Mowlem plc and Management Consulting Group plc, as well as on the boards of family owned companies.

External appointments: Chairman of the Supervisory Board of LANXESS AG, Cologne, a global chemical company. Senior Independent Director and Chairman of the Remuneration Committee of RusPetro plc, London. Vice-Chairman of the Advisory Board of HOYER GmbH, Hamburg. Deputy Chairman of the Supervisory Board of Biesterfeld AG, Hamburg. Member of the Advisory Board of KEMNA Bau Andrea GmbH + Co. KG, Pinneberg.

Education: Rolf is an economics graduate holding a Doctorate of Hamburg University, where he also served as a lecturer. He was Honorary professor at the business school of Imperial College, London, and the Institut Francais de Petrol, Paris.

Martin Angle

Role: Independent Non-Executive Director, Chairman of the Board Audit Committee

Appointment: since December, 2006

Experience: Born in 1950. During his career, Martin has held senior executive positions in investment banking, industry and more recently private equity, where he was an Operational Managing Director of Terra Firma Capital Partners holding various senior Board positions in its portfolio companies. Prior to that, Martin was for a number of years the Group Finance Director of TI Group plc, a specialised engineering company in the UK FTSE 100 with activities in over 50 countries. Before that, he spent 20 years in investment banking, where he held a number of senior positions with SG Warburg & Co Ltd, Morgan Stanley and Dresdner Kleinwort Benson.

External appointments: Non-executive Chairman of the National Exhibition Centre Group Ltd. Senior Independent Director and Chairman of the Audit Committee of Savills plc. Non-Executive Director and Chairman of the Remuneration Committee of Pennon Group plc. Non-Executive Director and Chairman of the Audit Committee of Shuaa Capital psc. Vice Chairman and Chairman of the Investment Committee of the FIA Foundation.

Education: Martin is a graduate in physics, a Chartered Accountant, a Member of the Chartered Securities Institute and a Fellow of the Royal Society of Arts.

Ronald Freeman

Role: Independent Non-Executive Director, Member of the Board Audit Committee

Appointment: since December, 2006

Experience: Born in 1939. Between 1991 and 1997, Ronald was Head of the Banking Department of the European Bank for Reconstruction and Development (EBRD). He was responsible for debt and equity financing in the private sector in 23 countries of the former Soviet Union, with a total annual funds commitment of Euro 2 billion. Prior to that, Ronald was vice-chairman of Citigroup European investment banking and a general partner of Salomon Brothers. Ronald held a number of directorships in such companies as Troika Dialog, KAMAZ Inc, Polish Telecom etc.

External appointments: Non-Executive Member of the Board of Directors of Volga Gas. Member of the Executive Committee of the Atlantic Council. Member of the International Advisory Committee of Columbia Law School. Chairman of the Executive Committee of the Pilgrims Society (UK). Non-Executive Member of the Supervisory Board and Member of the Strategic Planning Committee of OAO Sberbank of Russia.

Education: Ronald holds a BA degree from Lehigh University and an LLB from the Law School of Columbia University. He was admitted to the New York Bar.

Peter Kraljic

Role: Independent Non-Executive Director, Member of the Board Audit Committee

Appointment: since December, 2006

Experience: Born in 1939. Peter Kraljic is a Director Emeritus at McKinsey, where he spent 32 years and held a number of senior positions until his retirement in 2002. Focused mainly on industrial clients in the chemicals, pharmaceuticals, automotive assembly and steel and aluminium sectors, he was also a member of McKinsey’s Shareholders and Personnel Development Committee and has managed the company’s activities in France as a General Director. Peter has also written a number of scientific and business articles for publications such as the Harvard Business Review and Le Figaro Economic. He has also led special projects aimed at economic growth and job creation in Germany and Brazil. Peter was a member of the advisory board of several companies including Wolfsburg AG, GEMPLUS, Lek d.d., Gorenje and SID.

External appointments: Member of the Advisory Board of Business School Bled.

Education: Peter graduated from the University of Ljubljana, Slovenia (Faculty of Metallurgy) and holds a PhD degree from Polytechnic University in Hannover, Germany. He also holds a Masters degree in business management from the INSEAD business school, France.