Russia's OAO Severstal announced that on September 3, as mutually agreed by the parties, Sergei Kuznetsov resigned as Head of the Severstal International division and CEO of Severstal North America.
Saikat K. Dey will succeed Kuznetsov as CEO of Severstal North America. Dey was previously Vice President for Strategy and Procurement in this division. Alexey Mordashov, CEO of OAO Severstal commented: "The new leadership of Severstal North America will remain committed towards increasing efficiencies, lowering costs and achieving competitive advantages in the North American market."