The powers of Alexei Ivanov, general director of the Evraz steel company, expired on June 30 and since the beginning of July he has been resigning without explaining the reasons for this decision. At the beginning of October 2022, the businessman resigned from the directors of the corporation that fell under the sanctions.
A statement on the corporation’s official website states that the Board of Directors, which will continue to manage the company, approved the resignation of Ivanov, who has worked at Evraz since 2002 in various positions, from vice president of commerce to CEO (in 2021). ).
Commenting on the CEO’s resignation, company representatives added a number of details to the image. RBC then learned that Ivanov will retain leadership positions in Evraz’s “Russian perimeter” (presumably as Chairman of the Evraz North America board of directors).
The publication also found that holding company Evraz plc was unable to carry out operational activities due to sanctions imposed by the UK (in May 2022) and “other technical restrictions”, which made it “difficult” to run the company.
Not only the company itself is now under sanctions, but also one of its main shareholders, Roman Abramovich, who invested in Evraz in February 2022 (share re-registration via offshore).
Evraz Plc Corporation is registered in the UK, but its main production facilities are located in Russia, and the business itself is of “strategic importance” to the country due to the sectors of the economy in which it operates (according to the government Russian) .
The North American division of Evraz plc, where Ivanov will retain his leadership position, operates without any sanctions restrictions (the UK license is valid until March 31, 2024).
Author:
Ekaterina Alipova
Source: RB
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