Press Releases

Mechel Reports New Management Board Appointment

Moscow, Russia July 27, 2015 Mechel OAO (MICEX:MTLR, NYSE: MTL), one of the leading Russian mining and metals companies, reports its Board of Directors decision to make a new appointment to Mechel OAOs Management Board.

By the Board of Directors’ decision, Minas Darbinyan has been appointed to Mechel OAO’s Management Board.

Darbinyan, 32, has been appointed Mechel OAO’s Deputy Chief Executive Officer for Financial Control in June 2015. Prior to that appointment, he has since 2013 worked as a director for strategic planning at Uranium One Holding N.V., part of state-owned company Rosatom. In 2013, he briefly served as chief of the investment planning and development department at Atomredmetzoloto OAO, also part of Rosatom. In 2011-2013, Darbinyan worked as a senior consultant at KPMG ZAO. In 2008-2011, he was chief financial officer at MIEL DPM. In 2006-2008, he worked as an aide to Moscow Industrial Bank’s vice-president.

Darbinyan has a Master’s degree in financial management from the Russian Presidential Academy of National Economy and Public Administration, which he graduated in 2010. In 2005, he graduated the State Academic University for Humanities with a specialty in economic theory.


Mechel OAO
Ekaterina Videman
Phone: +7 495 221-88-88


Mechel is an international mining and steel company which employs over 67,000 people. Its products are marketed in Europe, Asia, North and South America, Africa. Mechel unites producers of coal, iron ore concentrate, steel, rolled products, ferroalloys, heat and electric power. All of its enterprises work in a single production chain, from raw materials to high valueadded products.


Some of the information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of Mechel, as defined in the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. We wish to caution you that these statements are only predictions and that actual events or results may differ materially. We do not intend to update these statements. We refer you to the documents Mechel files from time to time with the U.S. Securities and Exchange Commission, including our Form 20-F. These documents contain and identify important factors, including those contained in the section captioned “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in our Form 20-F, that could cause the actual results to differ materially from those contained in our projections or forward-looking statements, including, among others, the achievement of anticipated levels of profitability, growth, cost and synergy of our recent acquisitions, the impact of competitive pricing, the ability to obtain necessary regulatory approvals and licenses, the impact of developments in the Russian economic, political and legal environment, volatility in stock markets or in the price of our shares or ADRs, financial risk management and the impact of general business and global economic conditions.


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