NEW YORK Felman Trading
Inc.s Vladyslav Mikhyeyev has resigned as chief executive
officer, and Sergiy Protashchuk has resigned as financial
manager of Felman Production LLC.
Parent company Georgian American
Alloys Inc. (GAA) said that while Mikhyeyev will cease handling
sales with Felman Trading immediately, he will "stay on in a
consulting role to ensure a smooth transition of
responsibilities and duties." Mikhyeyev said in an e-mail to
AMM that he will leave the company March 31.
GAA president and chief
executive officer Mordechai Korf has taken over
Mikhyeyevs responsibilities as head of Felman Trading,
while CC Metals & Alloys LLC (CCMA) sales director Mendel
Sossonko and Felman Trading logistics manager Jonathan Brook
will handle Felman Tradings sales on an interim
Calvert City, Ky.-based CCMA is
a subsidiary of Miami-based GAA, having been acquired by the
company in October last year (
amm.com, Oct. 1).
"We thank Vlad for the
leadership and vision he has provided Felman Trading since its
founding," Korf said in a statement. "He has been an integral
part in helping to make Georgian American Alloys a market
leader in the ferroalloys industry."
Meanwhile, in the wake of
Protashchuks resignation from Felman Production, Mony
Bistritzky and Kseniia Bezkrovna will oversee the sourcing of
the companys raw materials on an interim basis.
"While these types of departures
are always difficult, they are also to be expected in growing
companies such as ours and represent an opportunity to
continually improve internally as well as strengthen our
external alliances with our suppliers and customers," Korf
New Haven, W.Va.-based Felman
Production is a producer of ferrosilicomanganese, while
Miami-based Felman Trading is a global supplier of manganese
and silicon ferroalloys.