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 basis.
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 said.
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.