Mechel OAO, based in Moscow, has appointed Mikhail Urvantsev to the newly created position of vice president for Commercial Activities.
Urvantsev began at Beloretsk Metallurgical Plant in 2001 as commercial director. In 2004, he was named director of Mechel Steel Group's supply department, and later was promoted general director of Mechel Trading House.
"I am sure that Mikhail Urvantsev is up to the task and will be able to map out the best strategy to coordinate Mechel's commercial activities, aimed at cutting supply costs and raising the group's profit by increasing sales efficiency," Mechel OAO's Chief Executive Officer Yevgeny Mikhel says.
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