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Severstal NA chief exec Kuznetsov resigns

Keywords: Tags  Severstal North America, Severstal, Severstal International, Sergei Kuznetsov, Saikat Dey, steel, Catherine Ngai

NEW YORK — Sergei Kuznetsov, chief executive officer of Severstal North America Inc., resigned from the company Sept. 3, a company spokeswoman confirmed.

Saikat K. Dey, the Dearborn, Mich.-based company’s chief strategy and procurement officer, succeeds Kuznetsov.

"The new leadership of Severstal North America will remain committed towards increasing efficiencies, lowering costs and achieving competitive advantages in the North American market," Alexey Mordashov, chief executive officer of Moscow-based parent company OAO Severstal, said in a statement.

Kuznetsov, who was also head of the Severstal International division, was appointed to Severstal North America’s top post in July 2009, having previously served as chief financial officer of the parent company since 2008. He joined the company in 2002 to head the business development group created to acquire foreign assets and develop international projects before being appointed chief financial officer of Severstal North America in 2004, according to the company’s website.

Dey joined the flat-rolled steel producer in 2011 from New York-based consultancy group McKinsey & Co., where he specialized in the global energy and materials practice. As chief strategy and procurement officer, Dey was responsible for driving the company’s business strategies in North America, leading Severstal’s expansion efforts in Asia and overseeing the purchasing function of the American arm.

Severstal North America saw a number of executive changes earlier this year, including the departure of the Dearborn operations’ vice president and general manager, its chief financial officer and the retirement of the Columbus, Miss., operations’ vice president and general manager (, May 20).

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