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Andrey Kozitsyn stepped down from his position as the General director (CEO) of JSC “UMMC” as of 19.07.2022

07/22/2022
Andrey Kozitsyn stepped down from his position as the General director (CEO) of JSC “UMMC” as of 19.07.2022

JSC «Ural Mining and Metallurgical Company» (“UMMC”) hereby announces that on July 19th, 2022 Mr Andrey Anatolyevich Kozitsyn informed the Board of Directors of UMMC that he stepped down from his position as the General director of UMMC. This decision was made because of the possible imposition of personal sanctions by foreign states in the future and was aimed at excluding the possible indirect impact of sanctions on the companies of the UMMC Group.

The purpose of the decision is maintenance of the stability of UMMC and the companies of the UMMC Group in all markets and fulfillment of their obligations to employees and partners.

Mr. Kozitsyn`s application of July 19 was immediately approved by the Board of Directors of UMMC. Mr. Kozitsyn has ceased to be the General Director (i.e. the chief executive officer) of UMMC and does not perform any managerial functions in relation to UMMC and other companies of the UMMC Group since that moment.

UMMC Group companies will continue to be reliable and transparent suppliers to our Russian and foreign partners.

Elfat Rakhmatullovich Ismagilov, who previously held the position of Chairman of the Board of Directors of JSC «UMMC», was appointed to the position of the General director (CEO) of UMMC on 07/20/2022.