Severstal North America Appoints Vice President, Strategy and Business Development

June 20, 2011

DEARBORN, Mich., June 20, 2011 /PRNewswire/ — Severstal North America, one of the top steelmakers in the United States, is pleased to announce the appointment of Saikat Dey as Vice President, Strategy and Business Development. As a key member of SNA’s management team, Mr. Dey will be responsible for driving the company’s business strategies in North America and leading the parent company’s joint venture initiative in India.

Mr. Dey joins SNA from McKinsey and Company where he served as Associate Principal in its

Cyclical Commodities Service, Global Energy and Materials practice. While working out of various international locations during his tenure at McKinsey, Mr. Dey has developed into a thought leader on investment strategy, commercial optimization, and operations for cyclical industries. Prior to McKinsey, he held positions at IBM and various technology companies. He holds an MBA from the Tuck School of Business at Dartmouth and an undergraduate degree in Mining Engineering from the National Institute of Technology in India.

“Saikat brings broad, international experience to our leadership team, and we are pleased to have him on board. We are confident his knowledge and accomplishments will contribute greatly to the further growth and development of our company, as well as optimizing existing strategic synergies and growth potential,” said Sergei Kuznetsov, Chief Executive Officer, Severstal North America.

About Severstal North America:

Severstal North America is a major steelmaker in the United States and specializes in the full range of the high quality light flat rolled products. Fully integrated operations and corporate headquarters are located in Dearborn, Michigan. A new state-of-the-art electric arc furnace operation in Columbus, Mississippi serves the growing demand for steel in the southeastern United States. Severstal North America also has several joint ventures for the high quality, value-added coated products, as well as a jointly owned coke-making facility Mountain State Carbon. Severstal North America is a wholly-owned subsidiary of OAO Severstal, one of the world’s largest vertically integrated steel and mining companies. Visit our website at www.severstalna.com or follow us on Twitter at http://twitter.com/#!/SeverstalNA

SOURCE Severstal North America

Source: newswire

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