EVRAZ announced changes to its organisational structure and executive team. The Urals Division will include EVRAZ NTMK and EVRAZ KGOK and will be headed by Vice President Maksim Andriasov. The Ukrainian assets - EVRAZ DMZ Petrovskogo, EVRAZ Sukha Balka and EVRAZ Bagleykoks - will form the Ukraine Division, headed by Vice President Denis Novozhenov.

Appointment of the Head of the Siberia Division, which will comprise EVRAZ ZSMK and Evrazruda, will be announced separately. The assets managed by Raspadskaya Coal Company and Mezhegeyugol will remain in the Coal Division, headed by Sergey Stepanov, Vice President, EVRAZ. In line with the company's focus on improving margins, increasing efficiency of sales and operations, the Commerce and Business Development Unit has been created within the corporate centre.

It will be headed by Aleksey Ivanov who previously led EVRAZ's Steel Division. Aleksey has been appointed Senior Vice President. The new unit will coordinate the sales of steel, ore and vanadium.

It will also be responsible for technological development of steel and ore businesses, marketing and operational planning, project management and operational improvements. The unit will also take on centralised procurement and sourcing, including managing the Company's energy assets. Besides, the unit will be in charge of vanadium assets and EVRAZ Caspian Steel in Kazakhstan.

The Finance Unit led by Pavel Tatyanin, Senior Vice President and CFO, is responsible for budgeting, financial strategy and finance management, legal affairs, and IT development. The unit will continue overseeing the Company's North American business.