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New Appointment

Tuesday, December 4th, 2007

Mechel OAO, one of the leading Russian mining and metals companies, announces that its executive entity, Mechel Management OOO, passed a resolution to appoint Yuriy Efimenko as Managing Director at its Korshunov Mining Plant OAO subsidiary.
Yuriy Efimenko (51 years old) was appointed Managing Director succeeding Konstantin Sen, who has been appointed Korshunov Mining Plant’s Development Director.
“Yuriy Efimenko is a highly qualified mining specialist. During his years of work with Mechel, he proved to be a gifted executive and efficient production officer. I am confident that his experience and knowledge will positively affect business and economic activities of Korshunov Mining Plant, which is set with the objective to continue development of production while increasing its efficiency,” Mechel Management OOO Chief Executive Officer Vladimir Polin said.
Prior to his appointment as Managing Director at the Korshunov Mining Plant, Mr. Efimenko held positions in Mechel’s Southern Kuzbass OAO subsidiary including Human Resources Director from May 2007 to November 2007, Director of Sibirginsk Open Pit Mine from 2005 to 2007 and Technical Director, Deputy Director-Operations, Section Manager of Sibirginsk Open Pit Mine from 1989 to 2005. Mr. Efimenko graduated from Kuzbass Polytechnic University, Kemerovo, with the specialty of Mining Foreman.
For further information visit: www.mechel.com

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