Nazım Efendiev will leave his post as CEO of Metalloinvest and will chair the company’s board of directors. This was reported by TASS with reference to the company.
“Oleg Krestinin, who was appointed as the acting CEO of Metalloinvest, will manage the business activities of the company,” the statement said.
The company stated that the development of the senior management structure is aimed at enabling the company to enter a new phase of development.
Krestinin was previously responsible for Metalloinvest’s commercial activities in domestic and foreign markets.
In September reportedAlisher Usmanov’s Metalloinvest, a producer and supplier of iron ore products and hot briquetted iron on the world market, said it will increase employee income by 8% for the second time this year, starting from October 1, 2023. As a result, the income of Metalloinvest employees will increase by 14% in total in 2023.
Previously Metalloinvest raised will increase the salaries of its employees by 6%.