MMC Norilsk Nickel: Nornickel strengthens management team

MMC Norilsk Nickel (MNOD) 
NORNICKEL TO STRENGTHEN MANAGEMENT TEAM 
 
27-Jul-2020 / 14:45 MSK 
Dissemination of a Regulatory Announcement, transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
 
PRESS RELEASE 
 
       Public Joint Stock Company «Mining and Metallurgical Company «NORILSK 
          NICKEL» (PJSC "MMC "Norilsk Nickel", "Nornickel" or the "Company") 
 
                   NORNICKEL STRENGTHENS MANAGEMENT TEAM 
 
Moscow, July 27, 2020 - Nornickel, the world's largest producer of palladium 
and high-grade nickel and a major producer of platinum and copper, announces 
today changes to the Company's organisational structure and new appointments 
       to the management board. These changes are aimed at strengthening the 
     management team and are in line with Nornickel's strategic ambitions to 
                     improve the reliability and efficiency of its business. 
 
In order to raise the efficiency of risk management and enhance the existing 
  system of internal committees, the Risk Committee chaired by the Company's 
  President is established. This will mark the completion of a vertical risk 
      management structure across all levels of the Company from blue-collar 
                                                 employees to the President. 
 
         To mitigate risks of negative environmental impact and to create an 
environmental monitoring system in line with the best practices, the Company 
    set up a dedicated Environmental Department (spun off from the Operating 
             Unit) and a new inspection to monitor technical, production and 
    environmental risks. The Environmental Department will interact with all 
     units of the Company and will be responsible for developing a policy to 
improve the environmental footprint and restore ecosystems in the regions of 
                                                     Nornickel's operations. 
 
           Andrey Bougrov, previously appointed as Senior Vice President for 
Environmental Protection, will focus on stakeholder relations on sustainable 
  development issues and the support of the Board of Directors Environmental 
                                                                  Task Team. 
 
  Larisa Zelkova is returning to the Company to become Senior Vice President 
                                 for HR, Social Policy and Public Relations. 
 
    Alexey Zakharov, Vice President for Financial Markets, is appointed Vice 
                                                  President for Innovations. 
 
    Four new vice presidents, promoted internally in line with the corporate 
    practice, will strengthen the management team in certain priority areas: 
 
· Darya Kryachkova, Nornickel's HR Director, is appointed Vice President 
to improve human resource functions; 
 
· Anton Berlin, former Head of Marketing, is appointed Vice President to 
manage a new Sales and Commerce Unit focusing on improvement of customer 
relations and sales efficiency; 
 
· Andrey Grachev, former Head the Federal and Regional Programmes 
Department is appointed Vice President for Federal and Regional Programmes 
to further cooperate with federal and local authorities; 
 
· Dmitry Kushnarev, Director of the Economic Department, will be 
responsible for developing uniformed economic standards and integrated 
planning as Vice President for Economics. 
 
  Alexey Bashkirov will step down from his position as Senior Vice President 
        for Commerce, Business Development, Investor and Public Relations to 
                                  implement investment projects at Interros. 
 
                                                           ABOUT THE COMPANY 
 
   MMC Norilsk Nickel is a diversified mining and metallurgical company, the 
     world's largest producer of palladium and high-grade nickel and a major 
 producer of platinum and copper. The company also produces cobalt, rhodium, 
    silver, gold, iridium, ruthenium, selenium, tellurium, sulphur and other 
                                                                   products. 
 
     The production units of Norilsk Nickel Group are located at the Norilsk 
Industrial District, on the Kola Peninsula and Zabaykalsky Krai in Russia as 
                                        well as in Finland and South Africa. 
 
               MMC Norilsk Nickel shares are listed on the Moscow and on the 
Saint-Petersburg Stock Exchanges, ADRs are traded over the counter in the US 
                    and on the London, Berlin and Frankfurt Stock Exchanges. 
 
                                        Media Relations: Investor Relations: 
 
                         Phone: [phone] Phone: [phone] 
 
                                     Email: [e-mail] Email: [e-mail] 
 
ISIN:          US55315J1025 
Category Code: MSCH 
TIDM:          MNOD 
Sequence No.:  78049 
EQS News ID:   1102379 
 
End of Announcement EQS News Service 
 
 

(END) Dow Jones Newswires

July 27, 2020 07:45 ET (11:45 GMT)