NEW YORK Sergei
Kuznetsov, chief executive officer of Severstal North America
Inc., resigned from the company Sept. 3, a company spokeswoman
Saikat K. Dey, the
Dearborn, Mich.-based companys 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 Americas 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 companys 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
companys business strategies in North America, leading
Severstals expansion efforts in Asia and overseeing the
purchasing function of the American arm.
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 (
amm.com, May 20).