LYCOS RETRIEVER 
Alexander Abramov
built 632 days ago
On January 1, 2006, Mr. Alexander Abramov will leave his position as the Company's Chief Executive Officer. The Board has decided to recommend that the shareholders' meeting appoint Mr. Valery Khoroshkovsky, Managing Director Operations, as the new CEO of the Company with effect from January 1, 2006.
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Next spring 2006 Alexander Abramov, Nikolay Cherny and Mingma Gelu are leading a new expedition to Everest. This spring (2005) a large number of climbers from 7Summits-Club team (co-organized by Alex Abramov and Harry Kikstra) summited Everest through the north side, including Mingma and Cherny. The expedition provided news on an almost daily basis: From the sad death of one team member, to the Maoist bomb attack suffered by Alex and one of his guides, Harry Kikstra’s close call on descent from the summit, and a great deal of information on other teams and BC events.
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Alexander Abramov was born in 1959. He graduated from the Moscow Institute of Physics and Technology with a first-class honors degree in 1982, and he received a Ph.D. in Physics and Mathematics. He worked at the Institute of High Temperatures of the USSR Academy of Sciences.
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The following persons were elected members of the Partnership's Supervisory Board: Abramov A.G., Nosov S.K., Lisin V.S., Petrosyan A.R. Mr. Lisin V.S. was appointed the Partnership President - Chairman of Control Committee.
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By the late '90s, Abramov had an opportunity to acquire ownership stakes in two bankrupt steel mills, which became the core of the new EvrazHolding. Years of underinvestment, outdated technology, and poor management had left them crippled with debt. Abramov, a major supplier and therefore a creditor, chose to swap their debt for equity, buying additional debt from other creditors. He appointed new managers and made good on promises to pay taxes and wages. In the following years he reinvested profits to renovate the plants, raised additional money through bond issues, and replaced outdated open-hearth furnaces with modern production technologies. "These are real turnaround companies.
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In recent months, Abramov has drawn press attention with ambitious claims in pursuit of foreign steel assets. But he has have repeatedly exaggerated Evraz's intentions and capabilities; they include earlier bids he reported for the Ukraine's Krivorozhstal and South Korea's Hanbo. Both plants went to domestic steelmakers, and Evraz was not considered seriously.
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Alexander Abramov