OAO Severstal announced changes to its management and organizational structure in order to enhance production efficiency, improve corporate governance and reduce costs. Vadim Larin, formerly CEO of Severstal Resources, is appointed First Deputy CEO and Chief Operating Officer. Alexander Grubman will step down as CEO of the Severstal Russian Steel division. Sergey Toropov, who previously held of the position of CEO of OJSC TKZ Krasny Kotelshchik (OJSC Power Machines) and has been working at the Cherepovets Steel Mill for several years before joining Power Machines, is appointed as CEO of Severstal Russian Steel. In line with the company's focus on organic growth, the position of Vice President of Corporate Strategy will no longer exist and Thomas Verazsto, who previously held this position, has been appointed an advisor to the CEO. Since February of 2012 Sergey Toropov has been Chief Executive Officer of PJSC 'EMAlliance' and JSC TKZ 'Krasny kotelshchik'.

The Severstal Russian Steel division and the Severstal International division as well as OAO Severstal-metiz, OAO Vorkuta Ugol, OAO Olcon, OAO Karelskiy Okatysh and PBS Coals will report directly to Mr. Larin. OAO Severstal-metiz will be separated from the Russian Steel division.