Ivanov Aleksei Aleksandrovich

Ivanov Aleksei Aleksandrovich

Career

2002-2021

Alexey Ivanov began work at Evraz in 2002. He served as Evraz Senior Vice President for Commerce and Business Development, Vice President, Head of Steel Division (2011-2015), Head of Siberia Division (2009-2011), etc. He became the CEO of Evraz plc holding in 2021, replacing Alexander Frolov.

2023: Resignation as CEO of Evraz

On June 30, 2023, the resignation of Alexei Ivanov from the post of CEO of Evraz was announced. At the same time, he remained in a leadership role "in the Russian perimeter of Evraz and as chairman of the board of directors of Evraz North America," and its board of directors will manage the company.

Given the UK sanctions imposed on Evraz and other technical restrictions, the company does not have the ability to operate. Therefore, the performance of CEO duties in such a situation is extremely difficult. Evraz will be managed by the company's board of directors, the company explained to TASS.

The North American division of Evraz plc, where Ivanov remains the head of the board of directors, operates without restrictions under a license issued by the UK Financial Sanctions Authority (OFSI). It is valid until March 31, 2024.

Industrial expert Maxim Shaposhnikov commented on RBC's departure of Evraz plc CEO and possible consequences for Russian assets:

We are talking about a holding structure, which, due to sanctions restrictions, is really not easy to carry out the functions of a corporate center and manage global business. For Russian assets, which are mainly focused on the domestic market and exports of products to Asia, sanctions are much less painful.

By the end of June 2023, two directors remained on the board of directors of Evraz plc at the moment - Ruslan Ibragimov and Andrey Loboda, follows from an appeal to the group's investors on behalf of the board of directors to hold a meeting on June 30, 2023.^[1]

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