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TheStreet Open House

Mechel Announces Management Changes

MOSCOW, March 13, 2013 (GLOBE NEWSWIRE) -- Mechel OAO (NYSE:MTL) , one of the leading Russian mining and metals companies, announces a new executive appointment.

Andrey Kocherov, 39, is appointed Mechel OAO's Vice-President for Public and Investor Relations.

Mechel OAO's Chief Executive Officer Evgeny Mikhel noted:

"We gladly welcome Andrey Kocherov to our company's team. Giving this sector its own status apart and appointing a skilled professional manager to this post proves our intention to keep our target audiences informed of our company's current and future activities in the most transparent and open way possible."

Prior to his appointment, since January 2011 Mr. Kocherov headed the communications department of Alfa-Group Consortium's A1 investment company. Before that, since November 2009 he was head of Uralkali OJSC's external communications department. In 2007-2009, he was department chief at Uralchem Holding P.L.C. In 2007, he worked as chief executive officer's deputy for public relations in Renova Group's Energoprom Management company. In 2000-2007, he worked in Sibirsky Aluminium Group, later transformed into Basic Element, and its structures in various capacities, including head of the company's press-service and head of its public relations department. In 1999-2000, he worked in Itera oil and gas company's information and analytics department. In 1997-1998, he was press secretary to the chairman of Russian State Duma's under-committee for fuel resources.

Throughout his career Mr. Kocherov was responsible for reputation support of various companies, corporate media management, corporate communications and implementation of various PR projects, including large-scale ones.

Mr. Kocherov graduated from Russian Defense Ministry's Military University with a degree in foreign military information and journalism.

Mechel is one of the leading Russian companies. Its business includes four segments: mining, steel, ferroalloy and power. Mechel unites producers of coal, iron ore concentrate, nickel, ferrochrome, ferrosilicon, steel, rolled products, hardware, heat and electric power. Mechel products are marketed domestically and internationally.

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