Magnitogorsk Iron and Steel Works announced that the Annual General Meeting of shareholders of the company was held on May 30, 2014, has approved the election of Nikolai Lyadov, Deputy CEO for Sales at OJSC MMK as Board of Directors of the company. The company's shareholders also approved the election of Andrei Fokin, Alexander Maslennikov, Oksana Dyuldina, and Galina Akimova as the members of the Audit Commission.