Business, 03 March, 16:23
Mordashov announced a possible strategy for transferring $17 billion to children ... and prepare to take responsibility Major owner of Severstal Alexei Mordashov he is developing a plan to transfer his fortune to his children, he said himself... the stability of the system after it is inherited,” said Mordashov. The plan provides for the creation of a fund that will allow the businessman’s children to accept...Business, 02 Mar, 11:26
Mordashov's Power Machines decided to leave the joint venture with Siemens ... . The company called this decision illegal. In May 2018 Mordashov announced the possibility of Power Machines leaving the joint venture with Siemens... we have 35% in this joint venture, and Siemens has 65%,” he said Mordashov, emphasizing that the United States had no complaints against Siemens... Mordashov's representative called reports of the businessman's illness slander ... . On Wednesday Nezygar reported that Mordashov“seriously ill and the question of inheritance will arise very soon.” "Myself Mordashov I would like to transfer control of the business to my sons with the presence of guarantors,” Nezygar reports. Mordashov transferred control of Nordgold to his sons Last September, the sons... Mordashov announced plans to create a Russian analogue of Amazon ....5 billion in the ranking of the richest entrepreneurs in Russia according to Forbes) Alexei Mordashov told Bloomberg about plans to create a trading ecosystem based on owned... sectors of the economy and eventually open an online retailer like Amazon. Mordashov clarified that Severgroup has already made several investments related to human... as constant as the need for food or communication,” said Mordashov. According to him, the bankruptcy of the Thomas Cook Group had a positive impact on...Business, 25 Sep 2019, 19:03
Forbes reported the emergence of two new billionaires in Russia After it became known that Alexei Mordashov transferred 65% of the shares of the gold mining company Nordgold to his two sons, Forbes.... On Wednesday, August 25, it became known that the main owner of Severstal Alexei Mordashov passed on to his sons from his second marriage, Kirill and Nikita, 65 ... and Nikita is not exhausted. Back in June it became known that Mordashov transferred to them a 65 percent stake in the capital of Unifirm Ltd...Business, 25 Sep 2019, 13:58
Mordashov transferred control of Nordgold to his sons ... Nordgold company, the remaining 35% remained with my father. Main owner of Severstal Alexei Mordashov transferred to his sons Kirill and Nikita 65% of the shares of the gold mining company... 24.9% of the shares of the tour operator TUI AG and a share in Nordgold. Mordashov-Senior ranks 4th in the ranking of the 200 richest businessmen... Mordashov shared his formula for business success ... keeping up with the times." Owner and Chairman of the Board of Directors of Severstal Alexei Mordashov in an interview with the Harvard Business Review Russia magazine, he revealed his formula... and introduce the necessary technologies and practices, he continued Mordashov. “And this, to put it mildly, is not easy,” he noted. Mordashov also noted that in today’s business... ready for the daily changes that technology brings with them,” said Mordashov. At the same time, the owner of Severstal said that Russian business... Small wholesale sales of Lenta fell by 62.2% Suppliers are gradually abandoning the distribution channel of Lenta hypermarkets. In the first half of 2019, the Lenta retailer's revenue from wholesale sales decreased by 62.2% compared to the same period in 2018, the company reported in its IFRS report. The company does not disclose exact data on the volume of this type of sales. In the 2018 report, she reported... Bloomberg estimated the assets transferred to Mordashov's sons at $1.7 billion ... is estimated, according to Bloomberg, at almost $1.7 billion. “He [ Mordashov] is at the forefront of the process of ultra-rich Russians transferring their wealth to their heirs... Mordashov re-registered his stake in TUI Group to his sons Alexei Mordashov will remain a co-owner of the tour operator, as well as a member of the supervisory board of TUI AG. There are no plans for changes in Severstal's shareholder structure. Businessman Alexei Mordashov transferred to his sons... “KN-Holding”, established by his sons. Thus, Mordashov“Senior remains a co-owner of TUI,” the spokesman explained, adding that Alexei Mordashov will remain a member of the supervisory board of TUI AG... Mordashov’s structures received almost 80% of Lenta ... investment fund TPG Group) and the European Bank for Reconstruction and Development (EBRD). Mordashov closed a deal to purchase 42% of the Lenta network The message also... Mordashov will decentralize the sanctioned Power Machines ... management and investment company - NordEnergoGroup LLC, of which he himself became the CEO Mordashov. Mordashov asked Medvedev to support Power Machines against the backdrop of sanctions “The need to adjust... Mordashov's share in the Lenta retailer exceeded 50% ... than 50% of voting rights in Lenta Ltd,” follows from the statement. Mordashov closed a deal to purchase 42% of the Lenta chain At the beginning of April... Mordashov closed the deal to purchase 42% of the Lenta network Severgroup became the new largest owner of Lenta. The shareholder does not plan to change the management and strategy of the retailer, but will explore the possibilities of synergy with the Utkonos, which he owns. Alexey Mordashov’s Severgroup has closed a deal to purchase 41.9% of the Lenta hypermarket chain, according to the group’s website. The offer price and its terms have been announced and are... FAS approved the deal for Mordashov to purchase 42% of the Lenta hypermarket chain The Federal Antimonopoly Service (FAS) approved the purchase of billionaire Alexey Mordashov's Severgroup (the main asset is the Severstal company) of 41.91% of the Lenta hypermarket chain from TPG Group and the European Bank for Reconstruction and Development (EBRD). TASS writes about this with reference to a statement by Lenta General Director Herman Ting. It is specified that... Three Russians included in the top 10 richest owners of sports teams ... Alexei Mordashov, Roman Abramovich and Mikhail Prokhorov entered the list of the ten richest... for the first time, compiled a rating of Russian philanthropists The richest Russian on the list - Alexei Mordashov, the main owner of Severstal and Power Machines. It is located at 48... “Magnit” revealed details of negotiations that contradict Lenta’s statement ... “Lenta”, including TPG and the EBRD,” noted the director of Prosperity Capital Management Alexei Krivoshapko (the fund owns 6.66% of Lenta shares). Olga Dubravitskaya Mordashov agreed to purchase Lenta hypermarkets ... Owner of Severstal Alexei Mordashov agreed to purchase 41.91% of Lenta from its largest shareholders...Business, March 27, 2019, 10:19
The media learned about Mordashov’s interest in purchasing a stake in Lenta hypermarkets ... since he is interested in acquiring new assets in retail The owner of Severstal is a billionaire Alexei Mordashov became interested in buying a share of Lenta hypermarkets, Vedomosti writes with reference to...Business, 12 March 2019, 08:00
The company of the United Russia deputy decided to buy the Severstal plant. Ivan Demchenko intends to become the main supplier of rolled metal to Crimea The Abinsk plant of State Duma deputy Ivan Demchenko became interested in purchasing the Severstal electrometallurgical plant in the Saratov region. He expects to become the main supplier of steel to Crimea Plant for the deputy Abinsk Electrometallurgical Plant (AEMZ), owned by State Duma deputy from United Russia Ivan Demchenko, is negotiating the purchase...Business, 15 Feb 2019, 02:42
Alexey Mordashov decided to give part of the business to his sons ... that the businessman’s sons Kirill and Nikita should become co-owners of the gold miner. Alexei Mordashov increased its stake in gold miner Nordgold With reference to the businessman himself... of the company. Dad's money: the richest heirs of Russia according to Forbes Alexei Mordashov, according to Forbes, ranks second in the list of richest businessmen... One of the largest tourism concerns in the world has reduced its share in a joint venture with Mordashov ...% in the Mostravel tour operator, of which TUI was a co-owner. Subsequently TUI and Mordashov became the only owners of tour operator assets that were transferred under the brand... of a businessman. According to him, now Mordashov’s share is already 90%. " Alexei Mordashov believes in the prospects of the tourism market and the TUI Russia company,” said... rub. (on average 34.3 thousand rubles per person). Alexei Mordashov ranks second in the Forbes ranking of “200 Richest Businessmen... Kommersant learned about the problems of Power Machines abroad due to sanctions Power Machines of Alexey Mordashov asked the authorities to discuss a contract for the construction of a thermal power plant with the Vietnamese authorities. Due to the sanctions, the company has lost major contractors and risks receiving fines. Power Machines turned to the Deputy Prime Minister with a request to discuss the contract for the construction of the Long Phu-1 thermal power plant at the Russian-Vietnamese intergovernmental commission... Power Machines will make gas turbines to replace Siemens ... security of Russia. The main thing from Dmitry Kozak’s interview with RBC on April 12 Mordashov asked Prime Minister Dmitry Medvedev to support Power Machines so that the company... Which company owner did not come to the meeting about the seizure of excess profits? On August 24, the RSPP hosted a meeting of owners and top managers of companies from which Vladimir Putin’s assistant Andrei Belousov had previously proposed seizing excess income to implement the May decrees. The day before, Belousov insisted that it was the owners of the companies who should come to the meeting, but in the end the interests of most of them were represented by hired managers. Who doesn't... Mordashov warned of economic stagnation due to Belousov's plan ... is small. Hence the significant size of their payments to the budget,” notes Mordashov. He explained that the situation with his industry is completely different: in... the introduction of new steel grades and innovative products,” the letter says. Mordashov asked Manturov to refrain from accepting proposals on taxes on excess income..., and in general in our economy, there is no need to talk,” he warned Mordashov. Withdraw ₽500 billion: where did Belousov find excess income from the May decrees... Mordashova's Severgroup became the sole owner of Power Machines shares ... Severgroup LLC, whose CEO is a billionaire Alexei Mordashov, became the sole shareholder of PJSC Power Machines. About this... Severgroup. PJSC Power Machines, whose board of directors includes Alexei Mordashov, produces equipment for hydraulic, thermal, gas and nuclear power plants, for... Mordashov warned of the threat of unprecedented consequences of the trade war ... end in a new recession, Severstal's main shareholder warns Alexei Mordashov. In his column written for Forbes, Mordashov(magazine experts estimate his fortune at $18 ... could result in losses in long-term growth for the global economy," notes Mordashov, according to whom, due to globalization, the risks are now much higher... Mordashov allowed Power Machines to exit the joint venture with Siemens ...he is the owner of the machine-building holding Power Machines, which is subject to American sanctions. Alexei Mordashov stated that his company plans to “seriously consider the issue... we have 35% in this joint venture, and Siemens has 65%,” he said Mordashov, emphasizing that the management of this enterprise is “entirely controlled by Siemens.” However... Power Machines After its machine-building holding was included in the sanctions list, Mordashov asked the government for 7.5 billion rubles for Power Machines... Mordashov asked for 7.5 billion rubles. for sanctioned Power Machines ... Owner of Power Machines Alexei Mordashov asked the government for 7.5 billion rubles. to create a Russian... . Half of this amount (7.5 billion rubles) is the owner of Power Machines Alexei Mordashov asked the government to allocate from the budget, and promises to raise the remaining money... did not disclose. A representative of Power Machines declined to comment. 12th of April Mordashov asked Prime Minister Dmitry Medvedev to support Power Machines, after that... Manturov outlined the timing of assistance to Mordashov’s Power Machines ... The Bell, citing two sources, reported that Alexei Mordashov turned to Prime Minister Dmitry Medvedev for help, since “The Security Forces... are in a crisis situation due to American sanctions. Back in April Mordashov I said at a meeting in the government that Power Machines came under... we simply cannot survive,” said the entrepreneur. According to The Bell, Mordashov in a letter to Medvedev, he asked to provide preferential 85 percent financing... The media learned about Mordashov’s appeal to Medvedev for help ... us is key, we simply cannot survive,” said Mordashov. In the letter that Mordashov sent to Medvedev, also contained similar requests for help, claims... the shares of Power Machines belong to the company Highstat Limited, the beneficiary of which is Mordashov. Power Machines called their inclusion in the sanctions list illegal... Mordashov asked Medvedev to support Power Machines amid sanctions ... Chairman of the Board of Directors of PJSC Power Machines Alexei Mordashov asked Prime Minister Dmitry Medvedev to provide the company with preferences in the domestic... obviously, to ask the Central Bank to favorably help us in these matters,” concluded Mordashev. In turn, Medvedev recalled that he instructed the government to work out measures... Russia's richest man lost $362 million in three months ... Bloomberg data included 27 Russians. The richest of them was Alexei Mordashov, occupying 47th place in the global Bloomberg ranking, summed up the results... Russia remains Alexei Mordashov with a fortune of $19.3 billion, although since the beginning of the year he has lost $362 million. The richest man in Russia is Alexei Mordashov, chairman of the board... "Kirill Shamalov, whose income the publication estimated at $2.3 billion. Alexei Mordashov, according to Forbes, earned over the year from dividends and sales... ... not only to the main owner of NLMK, but also to the main shareholder of Severstal Alexey Mordashov The main owner of NLMK Vladimir Lisin became the richest Russian... at $19.1 billion. He is followed by the main shareholder of Severstal Alexei Mordashov($18.7 billion, 60th line) and the Chairman of the Board of NOVATEK Leonid... . And just like in 2011, it came in second place Mordashov. Base metals (copper, zinc, nickel) rose in price the most in 2017...Business, 21 Feb 2018, 18:03
Putin spoke about the prospects for the implementation of Nord Stream 2 Russian President Vladimir Putin said that the project to build the Nord Stream 2 gas pipeline will be implemented. The head of state announced this at a meeting with the main shareholder of Severstal Alexei Mordashov, according to a message on the Kremlin website. “Nord Stream 2,” I think, will be implemented,” Putin said. He added that it is planned to implement... Alexei Mordashov, decided to take on all government expenses, his assets were enough... Severstal Alexei Mordashov would spend his $19.7 billion fortune in two weeks while spending $1.399 billion a day. Mordashov helped out... “The Americans are hiding from us”: what Russia said at the Davos forum ...Putin’s meeting with businessmen in December, shared the main owner of Severstal Alexei Mordashov, who also participated in the “Russian” session of Davos. Russia, he believes, will be... like Severstal... We have nothing in common with the government, he noted Mordashov. - We do not have state participation, we do not participate in state... contribute to the anxiety and uncertainty that is already observed in Russia, he believes Mordashov. If people end up on sanctions lists simply for...How an introverted boy Alexey Mordashov made influential friends and became an oligarch
Pioneer means first. For Russian Forbes, the owner of Severstal, Alexey Mordashov, became a pioneer - it was his photo that appeared on the cover of the first issue of the magazine, which was published in April 2004. The article about the steel magnate was written by the magazine's editor-in-chief, Paul Klebnikov. At the same time, Mordashov took ninth place in Forbes’ “Golden Hundred” that year; he has never been ranked first since then, but has already been second three times.
This year, Forbes estimated Mordashov’s fortune at $17.5 billion. The businessman became first in the ranking among “metallurgists” and second in the general list. Recently, in a conversation with Forbes, one of the Russian billionaires called Mordashov a pioneer. After all, Mordashov is “always ready” - for any demands and wishes of the authorities.
Executive
Lesha Mordashov was a correct and responsible boy as a child. I didn’t shoot with a slingshot, I didn’t fight at school. My only favorite toy is a gray teddy bear; my hobby is collecting badges. He was often sick, but the teachers of the Cherepovets school where he studied always set Alexey as an example; his classmates, in retaliation, nicknamed the future billionaire Template.
Mordashov's parents worked at the Cherepovets Metallurgical Plant; he did not become original with his choice of profession - he entered the Leningrad Engineering and Economic Institute, after graduating in 1988 he returned to Cherepovets and began working at the plant as a senior economist of the workshop.
The energetic and efficient young man was noticed and loved by the general director of the plant, Yuri Lipukhin. In 1992, he appointed 27-year-old Mordashov as director of finance and economics for the entire enterprise, and in 1993 he instructed him to deal with privatization. Over the course of three years, the company he created, Severstal-invest, used the proceeds from the sale of products to buy 43% of the plant’s shares. What to do with them? Having completed an internship in Austria, Mordashov understood this better than the “red director” Lipukhin, who, by the way, became his godfather in 1997. The godson first took the post of general director of the plant, moving Lipukhin to the position of chairman of the board of directors, and in the spring of 1999, secretly from him, bought another 17% of the enterprise. “I approached him and said: Alyosha, you can’t act like that,” Lipukhin told Forbes. “His answer was extremely short: this is not written anywhere.”
Enterprising
The 1998 crisis collapsed the Russian economy, but things quickly improved for metallurgists. The Cherepovets plant's revenue was in foreign currency, and its costs were in rubles. In 1997, the plant earned $6 million in net profit, in 2000 - $453 million. Big money completely quarreled the godson with the godfather. Lipukhin demanded that profits be invested in the development of production, and Mordashov decided to create a diversified holding company and began buying up assets: plywood mills, shares in ports, coal mines, as well as the Kolomna Diesel Locomotive Plant and the UAZ Plant. At the beginning of 2001, Mordashov asked Lipukhin to sell him his shares in Severstal. He agreed, but, as he admitted later, he sold it at a price six times less than he could have earned on the market.
The former general director of the Soviet metallurgical giant became involved in real estate in Sochi, then moved with his family to Canada and in April 2011 died of a heart attack at the age of 75. Mordashov admitted that the privatization of Severstal, although not entirely fair, was expedient, since the company eventually received an “honest owner.” Before he had time to complete the registration of a controlling stake in himself, he immediately received a blow from an unexpected direction. In August 2001, 32% of the plant's shares owned by Mordashov were arrested. The lawsuit was filed by Elena Mordashova, from whom he divorced in 1996.
Caring
Ex-wife Elena demanded that a quarter of the businessman’s income be transferred to their son Ilya and wanted to recover about 600 million rubles in alimony that had been underpaid for a year and a half. Mordashov, according to her, paid her son only 18,000 rubles a month.
Proceedings of the owner of Severstal with ex-wife lasted more than a year and ended with his complete victory in October 2002 - the court found Elena’s claims against her ex-husband unfounded. She did not appear in the information field anymore. Mordashov slowly acquired the attributes of a wealthy person; he did not advertise his wealth. He got his first foreign car, an Audi, only in 1998, his own house in 2000, and security in 2001.
Alexei Mordashov's second wife was also named Elena - she worked at the plant as an accountant, they got married in June 1997, and in 1999 the couple had a son, Kirill. “Alexey was with me during childbirth, holding my hand. The next morning he gave me pearl earrings and a necklace,” Mordashov’s second wife said in an interview with Profile magazine in 2001. - And a few days before 2001, I gave Alexey, as he himself says, the best New Year’s gift in his life - his son Nikita... Alexey simply adores babies. He is a very gentle dad."
Now Mordashov has a third wife, Marina. They have two daughters. The eldest, Masha, studies at the Wunderpark school near Moscow, which was opened by her mother, five-year-old Anastasia is being raised at home with three-year-old Daniil. A month of education in 1st grade at Wunderpark Primary School costs 132,500 rubles.
Global
A bad metallurgist is one who does not dream of world domination. In 2004, Mordashova's Severstal began expansion to the West - it acquired a steelmaking company in the USA, Rouge Steel Company. And on May 26, 2006, information appeared about the merger of Severstal with one of the world's largest steel companies - the French Arcelor. In a merged company with annual revenue of €46 billion, Mordashov was counting on a 38.5% stake (with an additional payment of €1.25 billion). “Never before has a Russian company... become part of a global company, a leader in its sector in the world, with Russian shareholders gaining dominance in this company,” he said in an interview with Vedomosti. “Never before have transaction amounts been so large.” President Vladimir Putin lobbied for the deal at the state level. “It would be a great exaggeration to say that I am a friend of Mr. Putin,” Mordashov said in an interview with the Financial Times, answering a question about the Russian government’s support for the deal with Arcelor.
The brilliant plan collapsed after Arcelor received a merger proposal from a comparable metals giant, Mittal Steel. Mordashov was left behind, but did not abandon his plans to conquer the world. In 2007–2008, he got rid of non-core assets - he sold the Severstal-Auto company (now called Sollers, which includes UAZ) to management and transport companies(they were merged into the N-Trans holding) and bought the American metallurgical plants Sparrows Point, Warren and Wheeling, coal mining PBS Coals, iron ore companies with deposits in Brazil and Africa.
Tourist
The 2008 crisis brought down the auto industry and steel production. The blow was so strong that Mordashov quickly realized that he was still too weak for global games. From 2011 to 2014, he sold all American plants. And he did not hide his disappointment: “Of course, we made a big mistake, we sold much cheaper than we bought.” From 2004 to 2014, Severstal spent $5.9 billion on acquisitions and investments in American factories, and sold them for $2.2 billion. Mordashov got rid of Dearborn and Columbus in 2014 after the US imposed sanctions against Russia in connection with the annexation of Crimea .
At the beginning of 2015, the billionaire met with President Putin, reported on the sale of all American assets and promised him to henceforth avoid “unwise investments.” But Mordashov still invests abroad today - in the tourism business. In 2007, he began to carefully buy shares of the world's largest travel company TUI (headquartered in Germany) on the market. The company's capitalization is almost $8 billion, and Mordashov's share is 23% of the shares. His goal is to bring the package to the blocker (25%). German management welcomed Mordashov's entry into the ranks of shareholders, assessing the scale of the Russian tourism market. In addition, Mordashov earned a reputation in Germany as a reliable strategic investor due to joint projects with Siemens.
Friendly
Mordashov knows how to choose friends. He was friends with Anatoly Chubais, who taught at his institute. Chubais introduced him to the club of young reformers who later became members of the government of Boris Yeltsin. Friendship with St. Petersburg financier Vladimir Kogan brought him closer to Putin. In 2003, Mordashov became a co-owner of Rossiya Bank. After the imposition of sanctions against the bank, according to Forbes, he considered the possibility of leaving the shareholders, but did not dare.
In 2008, Mordashov, Surgutneftegaz and Rossiya Bank created the National Media Group, which now owns stakes in TV channels (Fifth, First, REN TV), newspapers (Izvestia, Metro -Petersburg", "Sport-Express") and the radio station "Life. Sound". In March 2016, Gazprom-Media bought 7.5% of NMG (the entire group was valued at $2.2 billion). In 2013, Mordashov and Yuri Kovalchuk F 93 acquired a 50% stake in the mobile operator Tele2.
Manager
Severstal, which is fully self-sufficient in raw materials and coal, has always paid generous dividends to shareholders, breaking this rule only once - in the crisis year of 2009. The owner of Severstal was not seen spending heavily on mansions and megayachts. “You can’t wear two suits. Dividends will still go into investments, where else?” - Mordashov reasoned.
Over time, his business expanded and acquired new directions that required attention. In May 2015, Mordashov decided to step away from the operational management of Severstal and left his post as CEO of the management company Severstal Management in order to “redistribute time and effort in favor of asset portfolio management.”
Over two years, by February 2017, the value of his stake in the gold miner NordGold increased 2.4 times, to $1.2 billion, the share in the Sveza timber industry group, according to Forbes, from $220 million to $520 million, in tour operator TUI - from $1.27 billion to $1.9 billion. Mordashov's package in the National Media Group in February 2015 was worth $70 million, and in February 2017 - $650 million. Only Power Machines fell in price, from $1 .45 billion to $900 million, and Tele2 - the price of its share decreased by almost half, to $100 million. But all these are trifles against the background of the growth of Severstal: Mordashov’s stake rose in price from $6 billion to $10 billion in two years.
Elena Berezanskaya, Igor Popov
steel grip
Alexey Mordashov is very different from most Russian billionaires. The way he conducts business is more reminiscent of the head of Siemens or General Electric than of one of the heroes of the Russian era of primitive accumulation of capital. He forces all his managers to get an MBA abroad. In the late 1990s, his company was the largest in Eastern Europe client McKinsey, which he used not only for consultations, but also as personnel reserve. The general director of Severstal Group did not participate in any privatization scandals, did not get involved in politics, and until recently lived not in Moscow, but in his native Cherepovets. Even when in 2001 his competitors collected incriminating evidence on him, they only unearthed a sad story from his personal life - his abandoned first wife with a teenage son receiving meager alimony.
“We didn’t seize anything, didn’t attack anyone, didn’t use government agencies or corruption,” says Alexey Mordashov in an interview with Forbes. “Everything we purchased, we bought for money.”
And only one story from Mordashov’s past still remained a secret behind seven seals. About how, in fact, he gained control over Severstal, only a few laconic statements from Mordashov himself were published.
Forbes managed to ask about this story its second main participant, the hitherto silent ex-general director of the Cherepovets Metallurgical Plant, Yuri Lipukhin. From his stories it becomes clear that Mordashov bought the shares of the plant, although for money, but not for his own. And he deftly brushed his partner and, by the way, godfather Lipukhin to the side.
The history of the privatization of Severstal is the story of two generations of managers, Soviet and post-Soviet, the younger one winning and the older one losing. A kind of remake of King Lear.
“Father will not pull all the skeletons out of the closet,” Lipukhin’s son Viktor warned us, before giving the coordinates of the former general director of Severstal. “He has both a love and a hate relationship with the company.” Indeed, Yuri Lipukhin today speaks about the enterprise to which he devoted most of his life with pain and pride, and about Mordashov - either with respect or with bitter resentment. “I entrusted the privatization of the plant to Alexey, and it was my mistake,” Lipukhin says sadly in an interview with Forbes. - Because at one point he became a completely different person. He turned out to be not a master of his word.”
The biography of the triumphant hero is widely known. Mordashov was born and raised in Cherepovets. His mother worked at a metallurgical plant, and his father was one of its builders. In the early 1980s, he entered the Leningrad Institute of Engineering and Economics, where, by the way, he met Anatoly Chubais. In 1988, having returned to Cherepovets, he came to his native plant as a senior shop economist. The energetic young man was quickly noticed by his superiors. Mordashov was sent for a six-month internship at the Austrian steel company Voest Alpine.
Returning from an internship in 1990, Mordashov met with the general director of the plant. Lipukhin liked the promising economist because of his cheerfulness and enterprise. “He had great proposals for restructuring. I saw that a person thinks well and approaches business creatively,” says Lipukhin. - It was easier for the younger generation to build new economic relations. This required theoretical preparation and the absence of complexes that were typical for us.”
True, Mordashov’s promising career was almost interrupted at the very beginning. The son of the Minister of Ferrous Metallurgy Serafim Kolpakov, Sergei, interned in Austria with him. “Alexey did something inappropriate, quarreled with him over trifles,” says Lipukhin.
Mordashov recalls this story with a laugh: “Well, yes, it happened. He wanted to relax, and I wanted to study. And he complained to his father." The consequences, however, could be very serious for the future owner of Severstal. “The minister demanded that I remove it immediately,” says Lipukhin. - But I stood up for Alexei and slowly defended him. Then Alexey had a lot of such clashes. He is a hot-tempered, conflicted person.”
Lipukhin attributed these qualities to the youth of his subordinate, and in 1992 he appointed 27-year-old Mordashov as director of finance and economics.
The plant was going through difficult times at that time. After the collapse of the USSR, Severstal lost its domestic sales market. The reorientation to export - and now the company exports about 40% of its products - began under Lipukhin.
“Traders appeared - including emigrants from Russia, all smart and energetic, who came to us and said: give us 10,000 tons of metal, we will buy it from you and sell it in China or Malaysia,” says Mordashov. - We did not know the world market and did not receive normal prices. There was a period when they bought steel from us for $200 per ton, and sold it for $300 or $350.”
The traders got so rich skimming the cream off the metallurgical enterprises that they soon began to establish complete control over the cash cows. The most predatory was the Trans-World Group, which took over most of the Russian aluminum and steel industries. TWG also took note of Severstal.
According to one of the plant's managers, first Vladimir Lisin, at that time one of the top managers of Trans-World, and now the main owner of the Novolipetsk Metallurgical Plant, came to Cherepovets. Lisin allegedly arrived to discuss a certain project related to Moscow real estate, but Cherepovsk residents believe that his mission was more of an intelligence mission. Because after him, TWG chief Mikhail Chernoy himself came to the plant with proposals to organize trade financing and offshore schemes for the plant. Lipukhin refused Cherny, but he did not give up immediately. On behalf of TWG, young Iskander Makhmudov and Oleg Deripaska later visited Cherepovets with new proposals. However, they also received a turnaround. TWG did not wage a tough fight for the plant - it had to act on too many fronts.
“There were many objects for which there was a struggle, and we simply were not given due attention,” says Mordashov. - And we lived very locally, we didn’t go anywhere. People often called me, including representatives of large groups, and invited me, for example, to dinner in Moscow, but I simply did not answer the calls.”
Traders, including Trans-World, offered Severstal managers assistance in privatizing the enterprise. Having abandoned it, the Cherepovets team, however, applied TWG methods: they used trading structures to establish control over the plant. Mordashov easily convinced Lipukhin that the shares of the plant should be taken for himself - in order to prevent outsiders from entering the enterprise.
Privatization began in 1993. A controlling stake of 51% was to be distributed among employees through a closed subscription, and 29% was to be put up for a check auction. So the Lipukhin team had to urgently buy vouchers with all available money.
This is how they made money. The Severstal-Invest company was created to purchase shares. According to the law, enterprises in which state companies had more than 25%. Therefore, the plant itself had only 24% in Severstal-Invest. The remaining 76% was owned personally by Mordashov. Lipukhin proposed creating a core of shareholders from members of the board of directors and other “most respected people at the plant,” but Mordashov dissuaded him. Yes, Lipukhin did not particularly insist. “Back then, few people understood privatization; they were afraid to get involved with it,” recalls Mordashov.
The plant sold metal to Severstal-Invest at low prices. The trading company used the huge margin from its resale to purchase vouchers, and at the same time shares from workers. “I practically traded with myself,” says Lipukhin. - I could set any prices, you know? I, of course, saw that this was pure... that this was fictitious work, not entirely correct commerce. However, I controlled the actions of this company, provided it with goods and loans, protected it from all controlling organizations, from tax office, ministries, currency control".
According to Lipukhin, Severstal-Invest not only received metal at reduced prices, but also took out large loans from the plant. The money accumulated quickly. And as a result of the check auction, Severstal managers managed to get almost the entire block of shares put up for auction. Competitors again underestimated the Cherepovets privatizers.
“Our competitors apparently decided that we were a weak team that accidentally got caught up in something at the plant, and they thought: well, let her sit there for now, we’ll deal with her later,” Mordashov recalls, not without gloating.
Over time, Severstal-Invest bought almost all the shares from the workforce. “Things were very difficult back then; they often didn’t pay wages, and people willingly sold their shares,” recalls Lipukhin. Without mentioning that part of the money that went to Severstal-Invest due to the plant’s low selling prices could have been used to pay the same salaries.
Lipukhin says that he did not seek to become the owner of the plant. “I did not set out to become the owner of the plant, although this would not have been a problem.” Wasn't he concerned about the fact that he was giving control over the shares to Mordashov? Lipukhin says that he absolutely trusted his subordinate: “Alexey was completely different at that time. He understood that everything depended on me, and he had one answer to everything: as you say, so it will be.” The 60-year-old director was ready to give up his position to this talented and obedient manager: “I’ve already worked my butt off. It was time to look for a replacement."
In 1996, Mordashov became the general director of Severstal, and Lipukhin took the post of chairman of the board of directors. It was then that he finally took care of the formal ownership of shares. Those 43% of Severstal shares, which by that time had been accumulated by Severstal-Invest, were transferred to another structure - Severstal-Garant, 51% owned by Mordashov, 49% by Lipukhin.
At first, according to Lipukhin, they agreed on equal shares: “When I decided to leave, I told him - give me your proposals on how to divide these shares. He says: equally. I say: okay, I agree. After he became a director, he and his friends went to some islands, hung out for a week, and when he returned, he came and said: equally is not quite normal for me, give you 49%, and give me 51%. I didn't care. I said: come on, I agree."
Thanks to Lipukhin's compliance, there was no quarrel between the partners. When Mordashov was baptized in 1997, Lipukhin became his godfather. But even then the ex-director understood: the charter of Severstal-Garant did not give him any opportunity to influence the management of Severstal shares. “Alexey received the plant on a silver platter,” Lipukhin says bitterly. “I simply gave the plant to him and faded into the background.”
The conflict between the two privatizers emerged after the 1998 default. With the devaluation of the ruble, the plant's business went uphill sharply - after all, its costs were calculated in rubles, and its revenue was mainly in foreign currency. Net profit grew from $111 million in 1997 to $453 million in 2000. Where to put this profit - because of this, the partners quarreled.
“I had a strategy - to develop the plant, restore production, improve the environment,” says Lipukhin. - But Alexey considered it a lost cause. The development of the plant was curtailed, and God knows what began.”
Mordashov followed the path of creating a diversified holding company, later named Severstal Group, and began buying up industrial assets: shares of the St. Petersburg, Tuapse and Vostochny ports, coal mines, as well as railway cars, the Kolomna Diesel Locomotive Plant, the UAZ plant. Mordashov explains the desire to diversify the business by the need to smooth out the cyclical nature of the steel business.
It was at this time that Mordashov put an end to the principle of collegial management of the plant’s shares. “In the spring of 1999, he arbitrarily, without my knowledge, bought out 17% of the shares that belonged to Severstal-Invest,” says Lipukhin. “I approached him and said: Alyosha, you can’t act like that.” His answer was extremely short: this is not written anywhere.”
This is why Lipukhin is still offended by his successor and accuses him of breaking his word. Mordashov denies the existence of any gentlemanly agreements with Lipukhin. He believes that he acted extremely honestly towards the ex-director. “His fate differs from the fate of other old directors in that as a result of privatization he was not expelled from the plant,” says Mordashov. - On the contrary, Lipukhin became one of the largest shareholders of the company. I didn’t take everything for myself, although legally I could have done so.”
By diversifying his business, Mordashov became involved in fierce competition for the first time in his career. The Zavolzhsky Motor Plant, a supplier of engines to GAZ, became the subject of his conflict with the owner of GAZ, Oleg Deripaska. Mordashov fought with the head of Evrazholding Alexander Abramov for Kuzbassugol. Another of his rivals - for supremacy in the metallurgical market - was Iskander Makhmudov. Severstal believes that it was he who financed his ex-wife’s litigation with Mordashov. Those around Makhmudov do not comment on this.
One way or another, these litigations forced Mordashov to think about protecting his property. And at the beginning of 2001, he asked Lipukhin to give him his 49% of Severstal-Garant. The ex-director claims that he received six times less for this package than he could have earned on the market. Mordashov does not name the price of the transaction, after which he became almost the sole owner of Severstal, but he flatly denies that he bought the shares at such a discount.
Lipukhin still monitors the state of affairs at the plant, where he worked for 42 years, 15 of them as director. “Blast furnace number four is down, the coke-chemical production is in serious condition, the long-rolling shop produces a third of what it can produce,” he complains. “Today the plant produces 3 million tons of rolled steel less than in 1990, although the country is experiencing an acute shortage of metal - metal prices in Russia are almost the highest in the world.”
And yet, Mordashov, having expanded his industrial empire, is now largely following the advice of his predecessor: he again realized that Severstal’s main business is still metallurgy. To gain access to the American market, Mordashov defeated the U.S. company several months ago. Steel in the fight for the bankrupt Rouge Industries - one of the largest steel companies in the United States, founded in the 1920s by Henry Ford.
“The American market is the most demanding in terms of quality,” Mordashov explains about the purchase of Rouge for $285 million. “Working with such a consumer is very important in order to raise the standards of our products.”
Someone will say that the main owner of Severstal - now Mordashov and related companies have 83% of the shares - dealt harshly with the man who at one time raised him and entrusted him with control over the plant. But against the background of the bloody showdowns of those years, the history of Severstal looks like an exception. There was no shooting or legal squabbles at the Cherepovets plant. Lipukhin turned out to be too decent a person, and Mordashov, as a Western-style manager, showed himself not so bad.
Pavel Khlebnikov
Mordashov Alexey Alexandrovich(born September 26, 1965, Cherepovets, Vologda region, RSFSR, USSR) - Russian entrepreneur and manager, chairman of the board of directors, general director (from 2006 to 2014) of PJSC "", general director of CJSC Severgroup, chairman of the board of directors of OJSC "", member of the board of directors of Nord Gold N.V. and Chairman of the Board of Directors of Sveza CJSC. Major owner of Severstal (77.1% shares).
In 1988, Alexey Mordashov graduated from the Leningrad Engineering and Economic Institute named after. Togliatti with a degree in engineering-economist in mechanical engineering. I met , who was a teacher at this institute at that time. Was a member of the CPSU.
Since 1988, Alexey Mordashov began working at the Cherepovets Metallurgical Plant: senior economist, head of the bureau of economics and labor organization of mechanical repair shop No. 1, deputy head of the plant's planning department. In 1989, Mordashov was sent for a six-month internship at the Austrian steel company VoestAlpine.
Since 1992, Alexey Mordashov became director of economics and finance at the Cherepovets Metallurgical Plant, which was soon transformed into OJSC Severstal. CEO At the Cherepovets plant, Yuri Lipukhin instructed Mordashov to carry out the privatization of the plant. At the age of 27, Alexey Mordashov created a subsidiary company, Severstal-invest (24% of the shares belonged to Severstal, and 76% to Mordashov personally) and then bought up shares of Severstal. Having thus gained control over the enterprise, Mordashov became the director and owner of Severstal OJSC.
Since 2011, he has been a member of Forbes magazine's "200 Richest Russian Businessmen" rating. In 2018, it took 2nd place with a capital of $18.7 billion. Owns shares of the bank "", which has been under US sanctions since 2014, "" and Tele2. Alexey Mordashov also owns 26% of the German travel company. Fluent in English and German.
He was married twice and has six children.
In 1996, he divorced his first wife Elena, leaving her only an apartment in Cherepovets, an old car and minimal alimony for her son Ilya (born in 1985). Since 2002, Elena Mordashova tried in court to obtain the right to a share in the property of Alexei Mordashov. As a result, the courts imposed a huge fine on her and seized the apartment in Moscow in which she lived with her son.
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Childhood and family of Alexey Mordashov
The future owner of Severstal was born on September 26, 1965 in Cherepovets into a family of metallurgical plant workers. His father was one of the builders of this largest steel production plant in the world, and later an electrical engineer. Mother worked in the equipment supply department. 
Most of my father’s relatives, including his two siblings, lived in the Volga region and were engaged in the national craft of their ancestors - making dishes, toys, and souvenirs from wood. The museum of folk crafts, located in Sergiev Posad, displays wooden bunks made by the billionaire’s ancestors.
Alyosha was a calm, independent and obedient child, and at school he was a responsible and diligent student. Since the sixth grade, he dreamed of becoming an economist-manager.
Having received secondary education, in 1982 the young man entered the Leningrad Engineering and Economic Institute, where his teacher, among others, was Anatoly Chubais. He was one of the leaders of an informal circle and introduced his active student into the company of innovative economists, who became acquainted with the works of Yegor Gaidar with interest.
The young man showed great abilities, was an excellent student, received not just an increased, but the largest Lenin scholarship. In addition, he was a Komsomol leader, a member of the CPSU, energetic, polite, intelligent and pleasant to talk to.
The beginning of the career of Alexey Mordashov
After graduating from university in 1988, the young specialist returned to his hometown and began labor activity at the plant, to which his family gave their whole lives. The future oligarch began as a senior economist, successfully moving up the career ladder. 
In 1990, he managed to get an internship in Austria, which took place in the city of Linz at the Voestalpine steel mill. Soon after returning from abroad, he was appointed director of Severstal for economics and finance. Moreover, the candidacy of the promising young manager was then defended by General Director Yuri Lipukhin, despite the fact that the head of the relevant ministry Serafim Kolpakov was categorically against such a decision. The reason for his hostility towards the protégé of the head of the plant was Alexei’s unsightly fight with the son of an official, who at the same time was interning at an Austrian company with him.
However, the 60-year-old head of the plant saw Mordashov, a conscientious, independent, enterprising man who showed respect for him, as his possible successor. He instructed him to organize the privatization of the plant. For this purpose, Alexey created Severstal-invest, most of the shares of which belonged to him personally.
Gradually, he bought up ChMK’s securities for common money, retaining a controlling stake (51 percent), and transferred the assets to the newly established Severstal-Garant structure. As a result, his partner lost the opportunity to influence the development strategy of the enterprise, and Mordashov, having later bought out 49% of his mentor’s shares, became its full owner.
Many players in the metallurgy market showed interest in the plant in order to survive, as the billionaire himself admitted, his moral qualities had changed - he ceased to be as modest, polite and soft as in previous years, he became cynical and tough.
In 2001, as evidence of his wealth of knowledge and practical experience, he received an MBA (Master of Business Administration) from the British Newcastle Business School of Northumbria University, and also became an honorary doctor in 2003. He was awarded a similar title by his native university, St. Petersburg State University of Economics.
The main mass media of Cherepovets came under his control, and the corporation acquired assets in a variety of areas (mining industry, automotive industry, insurance). Moreover, not only domestic companies, but also foreign ones, in particular, the American manufacturer Rouge Industries, the Italian Lucchini.
Since 2002, the businessman was a member of the Russian-German Intergovernmental Group on Economics and Finance. Since 2004 - in the leadership of the American Institute of East and West. Since 2006 - to the Business Cooperation Council of the Russian Federation and the EU, as well as to many other authoritative organizations.
Personal life of Alexey Mordashov
The owner of Severstal got married for the first time at the age of 19, when he was a 2nd year student at the institute. Alexey’s chosen one was Elena, a fifth-year student 3 years older than him, originally from Irkutsk. Such an early wedding was associated with the “interesting” position of the bride. 
The news of the unexpected marriage of her only son was a real blow to his mother. But, despite this, after the appearance of Ilya’s grandson in 1985, she developed a good relationship with her daughter-in-law. However, in 1996, the family broke up, according to his wife, due to Alexei’s rapid career growth, a lot of money, the permissiveness that accompanied their appearance and his infidelities.
During the divorce he left ex-wife and for his son an apartment in his hometown, a Nine car, alimony of 1 thousand dollars a month and 6 thousand dollars a year for health improvement. Later in 2002, the woman tried through the court to obtain a share in the capital of her ex-husband, but to no avail. The court recognized the agreement originally signed between them as legal.
After winning the trial, Mordashov, on his personal initiative, allegedly increased his monthly payments ex-family. However, according to rumors, son Ilya did not want to be Mordashov, but took maiden name mother - Novitskaya.
The oligarch’s second wife was his work colleague Elena, born in 1971, a graduate of the Leningrad Institute of Textile Industry, an economist and an accounting employee at ChMK. Despite the fact that at the time they met, the financial director of the plant was still married, she could not resist the young, handsome and successful leader and fell in love. The couple had two sons: Kirill in 1999, Nikita in 2000.
In 2015, Forbes reported that the billionaire already had a new life partner, whose name is Larisa. True, Alexey Alexandrovich did not officially confirm this information. He allegedly also gave birth to new heirs - at the time of publication, Alexey had six children.
The financial tycoon, as befits a man of his status, is interested in painting, winter sports, and loves poetry.
Alexey Mordashov today
In 2011, the oligarch received an invitation to the Bilderberg Club, which brings together recognized and most influential representatives of politics, business, and the media.Alexey Mordashov about the work of Severstal
In 2012, he became the first Russian to join the leadership of The World Steel Association, as evidence of recognition among global representatives of the steel industry. In 2015, at a conference held in Chicago, he was re-elected to the organization's executive committee until October 2016. At the same time, he was elected head of the Russian Steel Consortium, which united the enterprises Severstal, Evraz, Mechel, Novolipetsk, Magnitogorsk Iron and Steel Works and others, which is part of this World Steel Association.
The billionaire is a member of the leadership of the Committee for the Accession of the Russian Federation to the World trade organization and reforming domestic customs policy.
Alexey Mordashov in an interview about sanctions
In the global ranking of the world's richest people published by American Forbes, the owner of Severstal took 93rd position in 2016. According to the publication's experts, his fortune in 2015 decreased by $2.1 billion and amounted to $10.9 billion. In 2014, he received 960 million in Severstal dividends alone.
Biography
State
Partners
Competitors
Area of interest
Personal life
Biography
Parents: Father, Alexander Mordashov, graduated from the Gorky Polytechnic Institute with a degree in electrical engineering and moved to Cherepovets in the early 1960s. There, at the Cherepovets Metallurgical Plant, he met Mordashov’s mother, who worked in the equipment department. In 1988.
Alexey Mordashov graduated with honors from the Leningrad Engineering and Economic Institute named after. Tolyatti.
In Leningrad he met Anatoly Chubais, who taught at this institute. After the first year, Alexey Mordashov came to Chubais as an assistant at the department.
About Chubais, Mordashov says that he gave him a lot of knowledge about the economic mechanism, rare at that time, and introduced him to the works of Yegor Gaidar for the first time.
Mordashov was a member of scientific societies, and in the second half of the 1980s attended meetings of the Perestroika club.
Since 1988 Alexey Mordashov works at the Cherepovets Metallurgical Plant: senior economist, head of the bureau of economics and labor organization of mechanical repair shop No. 1, deputy head of the plant's planning department. In 1990. Trained in Austria.
In 1992 at the very beginning of the privatization period, Mordashov became director of economics and finance at the Cherepovets Metallurgical Plant, in 1993. transformed into OJSC Severstal. Yuri Lipukhin, the then general director of the plant, entrusted 27-year-old Alexei Mordashov with the privatization of the metallurgical giant. Alexey Mordashov created a subsidiary company, Severstal-invest (24% of the shares belonged to Severstal, and 76% to Mordashov personally) and then bought up shares of Severstal.
As a result, 16% of the shares were in his personal ownership and another 80% were under his complete control, as Mordashov himself repeatedly stated in an interview. Lipukhin was forced to leave the main office of the enterprise, and thus Mordashov became the director and absolute owner of Severstal OJSC.
From an interview with Itogi magazine: “Unfair? Yes, admits Mordashov. “The whole country built the plant, but it went to a narrow group of people. But it makes sense, because the plant received an honest owner. I am obliged to make sure that I cannot be accused of “taking over”. I want to prove that I didn’t do it in vain. The EBRD carefully checks Russian enterprises applying for loans; the bank did not find any offshore accounts or tax fraud at Severstal.”
Since 1996 - General Director of OJSC Severstal.
Since 2001 — Head of the RSPP working group on Russia’s accession to the WTO and customs policy.
In 2002 The meeting of shareholders of OJSC Severstal decided to create a management company, CJSC Severstal Group, of which Alexey Mordashov became the general director, leaving the post of general director of Severstal. Alexey Mordashov was awarded the medals of the Order of Merit for the Fatherland, 1st and 2nd degree. Laureate of the All-Russian competitions “Career-96” and “Director of the Year-97”. Based on the results of 1998 awarded the "CEO" award ("Chief Executive Officer" - the best managerial employee) according to the results of a competition held by the magazine "Russia Review". Took 1st place in the 2000 ranking of young Russian entrepreneurs compiled by the magazine “Profile. Career".
Currently, he is co-chairman on the Russian side of the section “Metallurgy, steel industry, construction and building materials” of the Round Table of Industrialists of the Russian Federation and the EU, and a member of the public council for reforming enterprises under the government of the Russian Federation.
Since 2000 Alexey Mordashov is a member of the Joint Russian-German Intergovernmental Working Group on Strategic Cooperation in the Field of Economics and Finance.
Condition
Alexey Mordashov heads and controls the Severstal Group holding, which consists of four divisions: metallurgical division: OJSC Severstal, Cherepovets Steel Rolling Plant, 50% of the shares of the enterprise for the production of large diameter pipes Alliance 1420; raw materials division Severstal Resource : Kovdorsky GOK, Karelsky Okatysh, Kuzbassrazrezugol, Vorkutaugol, Olkon, Northern Niobium and Stalmag; automobile division "Severstal-auto": Ulyanovsk Automobile and Zavolzhsky Motor Plants; transport division "Severstal-Auto" trans": port "Vostochny" ( Far East, 60% of shares), ports in Tuapse (more than 25%), in Taganrog (10%), port in St. Petersburg, as well as 51% of shares of the Kolomna Diesel Locomotive Plant, 50% of shares of the Riga Carriage Plant. The total volume of controlled funds (according to according to the Kommersant newspaper estimate for 2001) is more than $1.8 billion. Forbes magazine based on the results of 2002. estimated Alexey Mordashov's fortune at $1.2 billion.
Alexey Mordashov maintains relations with many of those in the highest echelons of Russian power who are commonly called “Moscow St. Petersburgers.” He has known some of them since the early 1990s, when he was part of a “circle” of young economists created by a group of LIEI graduates. This association included: the brothers Anatoly and Igor Chubais, the current Deputy Prime Minister of the Russian Federation Alexey Kudrin, Chubais’ employees - Pyotr Mostovoy, Alexander Kazakov, the current president of the St. Petersburg Banking House Vladimir Kogan and some others. Close to this group were Kudrin’s classmates: the current Minister of Antimonopoly Policy Ilya Yuzhanov and the Chairman of the Board of OJSC MDM Bank St. Petersburg Olga Kazanskaya, as well as the murdered in 1997. Vice-Governor of St. Petersburg Mikhail Manevich.
Partners
Vladimir Kogan, President of the Banking House "St. Petersburg". Severstal owns 9.81% of the shares of OJSC Industrial Construction Bank (St. Petersburg). United metallurgical company».
In June 2001 United Metallurgical Company and Severstal announced the creation of an enterprise for the production of large-diameter pipes, CJSC Alliance 1420, to fulfill orders from Gazprom. According to OMK and Severstal, they “are strategic partners, the relationship between which does not affect issues of ownership.” Oleg Deripaska, head of the Basic Element company.
According to numerous publications in the media, Alexey Mordashov and Oleg Deripaska are irreconcilable opponents, but this does not prevent them from joining forces in the area of common interests. For example, Alexey Mordashov and Oleg Deripaska in 2001. together they lobbied for the introduction of prohibitive import duties on foreign cars older than seven years and an increase in duties on newer cars after three years.
Competitors
Vladimir Lisin, owner of Novolipetsk Metallurgical Plant OJSC. Mordashov and Lisin could not agree on the terms of joint work in one of the largest coal companies in Russia - Kuzbassugol.
Iskander Makhmudov, head of the Ural Mining and Metallurgical Company. Mordashov has assumptions that Makhmudov was not involved in the scandal with his ex-wife. The right to suspect a competitor is given to him by the fact that the “alimony case” is being handled by prosecutor Vladimir Podverezhsky, with whose help the director of the Kachkanarsky Mining and Processing Plant was removed from his post and ex-friend Makhmudov Jolal Khaidarov, who stood in the way of the “copper king” and was then accused of drug possession. Makhmudov himself also commented on the situation: “I have absolutely nothing to do with this story. I don’t know what grounds Mordashov has to talk about my involvement in the case. You have to ask him yourself. True, I am closely following the story, and if Mrs. Mordashova manages to sue for something, I will offer to buy something from her.”
Oleg Deripaska, head of the Basic Element company. Severstal bought a controlling stake in the Zavolzhsky Motor Plant, the main supplier of components for GAZ, which is in the sphere of interests of Oleg Deripaska. Which caused a negative reaction from the latter.
Area of interest
St. Petersburg seaport. Severstal's export flow goes through it. The company already controls Neva-Metal CJSC, which operates on the territory adjacent to berths No. 71-73 of the Lesnaya Harbor port. Severstal continues to increase its presence and, according to media reports, is buying up companies, the largest of which, First Container Terminal, will soon finally become the property of Severstal. The Severstal-trans company has already purchased a stake owned by OJSC Sea Port of St. Petersburg (19%), and the issue of acquiring up to 50% of the shares of the First Container Terminal must be resolved. According to the General Director of the Seaport Igor Rusu, the new acquisition will allow Severstal-trans to organize a transport chain between Southeast Asia and Europe, through the Trans-Siberian Railway and the St. Petersburg port.
Timber industry complex
Severstal Group owns 50% of the shares of the Sveza company, which controls two plywood mills - Ust-Izhora and the Fanplit mill. They are currently undergoing reconstruction. “As world experience shows, it is very effective when there is comprehensive processing. But we only have plywood production. In addition, globalization and mergers are taking place in the forestry industry, so we are working on cooperation with Finnforest and many others” (from an interview with Alexey Mordashov in the Vedomosti newspaper). In November 2002 Sveza has declared its intention to buy the state-owned stake in the Veliky Ustyug plywood mill Novator. And at the end of 2002. it became known that Sveza gained control over the plant.
Production of large diameter pipes for OJSC Gazprom.
At one time, the tender for the production of these pipes was won by EvrazHolding, whose interests, according to Mordashov, were lobbied by the former Minister of Economy Shapovalyants. But Mordashov entered into a partnership agreement with OMK, which owns necessary equipment for welding steel sheets into pipes of the required size, and agreed with Gazprom. The presentation of this joint project with OMK, called “Alliance 1420” (based on the diameter of future pipes), took place on June 28, 2001.
Coal mines
Severstal has plans to acquire the Vorkutaugol company as one of the suppliers of raw materials for metallurgy. Information appeared in the press that Alexey Mordashov intends to compete for coal mines in Kemerovo region, which is the patrimony of the head of the Ural Mining and Metallurgical Company Iskander Makhmudov. Severstal also owns controlling stake shares of the Kuzbasugol company.
Automotive industry
In 1999 Severstal acquired a large stake in OJSC Ulyanovsk Automobile Plant at an open auction. In 2001 Severstal bought a 26% stake in the Zavolzhsky Engine Plant, the main supplier of GAZ (BazEl). Severstal also owns 51% of the Kolomna Diesel Locomotive Plant and 50% of the Riga Carriage Plant.
Russia's accession to the WTO
Alexey Mordashov is the head of the RSPP working group on accession to the WTO. Development of the retail trade network Severstal acted as a creditor to the New Impulse company when creating the Utkonos retail chain. According to Alexey Mordashov, Severstal may soon become a partner in this project.
Personal life
Married for the second time. From the first marriage there is a son, Ilya (born in 1985), from the second - Kirill (born in 1999) and Nikita (born in 2000). In 2001 Elena Mordashova, the first wife of the owner of Severstal, initiated a lawsuit for the payment of alimony and division of property. In June 2001 she filed a statement with the Nikulinsky Interdistrict Prosecutor's Office of Moscow, in which she demanded that the agreement on the payment of alimony be declared invalid and recovered from ex-husband 563 million rubles. (about $20 million) - the difference between actually paid alimony and 25% of $80 million (Mordashov’s declared income in 2001). The prosecutor’s office supported the demands of Elena Mordashova and on July 24 sent a claim to the Nikulinsky Intermunicipal Court. As an interim measure, the prosecutor's office demanded the seizure of 32.5% of Severstal shares. By the time of the trial, only 16% of the shares belonging to Mordashov personally remained under arrest. At the insistence of Alexey Mordashov’s lawyers, the lawsuit was divided into two parts - a case about alimony and a case about property. The consideration of the latter was transferred to Cherepovets. Elena Mordashova lost the first trial. The plaintiffs failed to confirm Mordashov’s high income, and the defendants showed the court Mordashov’s income declarations for 1996 and 2001, from which it followed that at the time of the conclusion of the agreement to pay alimony, the total amount of this alimony exceeded 25% of Alexey Mordashov’s income, and the businessman’s current income many times lower than those called plaintiffs. The date of the second trial is still unknown. According to numerous publications in the media, Iskander Makhmudov is behind the “case” of Elena Mordashova.