Mr.
Mr.
Previously, Mr. Gvozdev held the position of Chief Executive Officer at the Southern Generating Company TGK-8 OAO, from 2005 to 2007. Prior to that, he served as Chief Executive Officer of Nevinnomysskaya GRES OAO beginning in 2003. From 1999 through 2003 he held the position of First Deputy Chief Executive Officer/Chief Engineer of Novocherkasskaya GRES OAO. From 1996 to 1999 he was Head of Boiler and Repairing Workshop of Novocherkasskaya GRES OAO. His career started in 1985 at Chulmanskaya GRES (incorporated as Yakutskenergo OAO in 1994) where he occupied several positions until 1996.
Mr. Gvozdev has more than twenty years of experience in managing power generating plants. He graduated from Novocherkassk Polytechnics Institute with a major in electrical engineering and has attended advanced training courses on European Management and Corporate Development Management at the Academy of National Economy under the Government of the
"We are glad that such an experienced and highly professional manager, as Mr.
Mechel is one of the leading Russian companies. Its business includes four segments: mining, steel, ferroalloy and power. Mechel unites producers of coal, iron ore concentrate, steel, rolled products, ferroalloys, hardware, heat and electric power. Mechel products are marketed domestically and internationally.
Some of the information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of Mechel, as defined in the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. We wish to caution you that these statements are only predictions and that actual events or results may differ materially. We do not intend to update these statements. We refer you to the documents Mechel files from time to time with the U.S. Securities and Exchange Commission, including our Form 20-F. These documents contain and identify important factors, including those contained in the section captioned "Risk Factors" and "Cautionary Note Regarding Forward-Looking Statements" in our Form 20-F, that could cause the actual results to differ materially from those contained in our projections or forward-looking statements, including, among others, the achievement of anticipated levels of profitability, growth, cost and synergy of our recent acquisitions, the impact of competitive pricing, the ability to obtain necessary regulatory approvals and licenses, the impact of developments in the Russian economic, political and legal environment, volatility in stock markets or in the price of our shares or ADRs, financial risk management and the impact of general business and global economic conditions.
SOURCE Mechel OAO