Who is Mordashov biography. Alexey Mordashov
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
« Power machines» Mordashova 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 in September last year sons... Mordashov announced plans to create Russian analogue Amazon ....5 billion in the ranking of the richest entrepreneurs in Russia by Forbes version) 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 takes 4th place in the 200 ranking 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 deputy from " United Russia"decided to buy the Severstal plant. Ivan Demchenko intends to become the main supplier of rolled metal to Crimea Purchase of the Severstal electrometallurgical plant in Saratov region The Abinsk plant of State Duma deputy Ivan Demchenko became interested. 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 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 RUIE 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 net worth at $18... could cost him global economy losses in long-term growth,” 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 “ Power machines» Mordashova ... 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 its entry into 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 council ... "Kirill Shamalov, whose income the publication estimated at $ 2.3 billion. Alexei Mordashov, according to Forbes, earned in a year from dividends and the sale of ... ... 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, line 60) and the chairman of the board of NOVATEK Leonid ... . And as in 2011, in second place was Mordashov. Base metals (copper, zinc, nickel) rose 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... “Americans are hiding from us”: what Russia said at the forum in Davos ...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... Alexey Aleksandrovich Mordashov is the head of the domestic mining and steel giant Severstal, the owner of the mechanical engineering enterprise Power Machines, co-owner of the international gold mining company Nord Gold, the main beneficiary of the leader in the woodworking market, the SVEZA holding.His assets include various shares or shares of a number of companies, including Europe's largest tourism concern TUI, Rossiya Bank, National Media Group, T2RTK Holding and others.
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. 
News of an unexpected marriage 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 my 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 his mother’s maiden name - 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 published American Forbes global ranking richest people in the world, 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.
Mordashov Alexey Alexandrovich - Russian entrepreneur and manager, billionaire. Owner (77%), Chairman of the Board of Directors, CEO(from 2006 to 2014 PJSC Severstal (until December 1, 2014 - OJSC Severstal), General Director of CJSC Severgroup, Chairman of the Board of Directors of PJSC Power Machines, member of the Board of Directors of Nord Gold N.V. and Chairman of the Board of Directors of CJSC "Sveza".
Biography
Mordashov Alexey Alexandrovich, born on September 26, 1965, native of Cherepovets, Vologda Region.
Relatives. Mother: Mordashova Maria Fedorovna, born on June 8, 1936, pensioner. She worked at the Cherepovets Metallurgical Plant from the moment of its foundation.
Wife (former): Mordashova (maiden name Novitskaya) Elena Grigorievna, born December 6, 1962, got married while students. IN last years didn't actually live together. Elena Mordashova initiated a high-profile divorce process, which, however, she lost.
Wife: Elena Vladimirovna Mordashova, born September 20, 1971, economist by training. She met Mordashov when she worked in the accounting department of Severstal.
Son: Ilya Alekseevich Mordashov, born January 15, 1986, currently permanently resides in Moscow. Maintains an episodic relationship with his father.
Awards. Order of Alexander Nevsky. Order of Honor. Medal of the Order "For Merit to the Fatherland", 1st class. Medal of the Order "For Merit to the Fatherland" II degree. Insignia "For Benevolence". Russian Order Orthodox Church Holy Blessed Prince Daniel of Moscow III degree. Commander of the Order of Merit of the Italian Republic. Cross of Recognition, III degree. Winner of the national business reputation award "Darin" Russian Academy business and entrepreneurship in 2002. Prize of the Government of the Russian Federation in the field of science and technology. Certificate of honor Ministry of Economy. Certificate of honor from the Governor of the Vologda region. Awarded the title “Honorary Citizen of the City of Cherepovets.”
State. As of 2014, Alexey Mordashov ranks 12th in the ranking of the richest businessmen in Russia. As of 2016, he was recognized as the richest man in Russia according to Bloomberg. In the 2017 Forbes ranking, it took second place in Russia and 51 in the world with a capital of $17.5 billion. In July 2017, he took second place in the ranking of the richest businessmen in Russia. In 2018, according to the Forbes ranking of “200 richest businessmen in Russia,” Mordashov also took second position with a fortune of $18.7 billion.
Hobbies. He is interested in poetry, painting, and enjoys active winter sports.
Education
- In 1988, he graduated with honors from the Faculty of Civil Engineering of the Leningrad Engineering and Economic Institute named after P. Togliatti.
- In 2001, he received an MBA degree from Northumbria University Business School (Newcastle, UK).
Labor activity
- After graduating from university, he worked at the Cherepovets Metallurgical Plant, where he successively held the positions of senior economist, head of the bureau of economics and labor organization of mechanical repair shop No. 1 and deputy head of the plant's planning department. He completed a six-month internship in Austria.
- In 1992, A. A. Mordashov became director of economics and finance at the Cherepovets Metallurgical Plant, which was soon transformed into Severstal OJSC.
- In the same year, during the privatization of the plant, he created subsidiary company Severstal-invest (24% of whose shares belonged to Severstal, and 76% to him personally), then buying up shares of Severstal. Having thus gained control over the enterprise, he became the general director and owner of Severstal OJSC.
- Currently he is the Chairman of the Board of Directors of OJSC Severstal, General Director of CJSC Severgroup, Chairman of the Board of Directors of OJSC Power Machines, member of the Board of Directors of Nord Gold N.V. and Chairman of the Board of Directors of Sveza CJSC.
- He also owns a 26% stake in the German travel company TUI Group.
Connections/Partners
But Mordashov was not going to give up. At that time, another election campaign in Ukraine turned into an “Orange Revolution”. Alexey Alexandrovich supported the presidential candidate Viktor Yushchenko, who outlined one of his first steps to review the privatization of Krivorozhstal. True, when reprivatization began in 2005, Severstal refused to participate.
But the Ukrainian fiasco did not really upset Alexey Alexandrovich, who had already firmly established himself as one of the richest people in the world according to Forbes, and in Russia was even considered one of the richest people. In addition, even without Ukraine, Mordashov was doing well on the world market. Thus, he acquired a metallurgical concern in the USA, as well as a 70% stake in the Italian steel manufacturer Lucchini.
But really on high international level Alexey Alexandrovich was able to leave in 2006, when Severstal planned to merge with the largest steel corporation Arcelor. This opportunity arose due to the threat of Arcelor being taken over by the world leader in the industry, the metallurgical group Mittal Steel. But the corporation's shareholders did not want to get involved with a little-known Russian oligarch and chose Mittal Steel. In Russia at that time this was perceived as deterrence Russian business on the world market.
Mordashov's love for the media business gradually reached a new level. In July 2005, Severstal Group acquired a 70% stake in the REN-TV television channel from RAO UES. Perhaps this was done in order to make amends for supporting Yushchenko to the Russian authorities. After all, REN-TV remained the last federal opposition channel, and Alexey Alexandrovich was ready to “reformat” it in the right direction.
Meanwhile, Mordashov’s hot temper made itself felt from time to time. For example, Alexey Alexandrovich caused a scandal to the employees of the business terminal of the Vnukovo-3 airport, which he used for his flights along with Yuri Luzhkov and Anatoly Chubais. The oligarch was indignant that one of his “girlfriends”, who accompanied him on the flight, had a torn buckle on her lady’s backpack. Because of this buckle, the "steel king" gave a dressing to the airport staff, demanding to pay "a piece of bucks" for the damage.
In 2008, Mordashev, as a businessman, reached his peak. According to Forbes, his fortune was estimated at $21.2 billion, and he was ranked eighteenth in the ranking of the richest people in the world. However, the global financial crisis that began at that time soon somewhat spoiled these indicators and already in 2009 Russian oligarch took only 122nd place in the same ranking, with $4.3 billion.
In 2014, the name Lipukhin unexpectedly surfaced. Moreover, it was not the ex-director of Severstal Yuri Lipukhin, who died of a heart attack in Canada in 2011, just two months short of his seventy-fifth birthday, but his son Victor, who permanently resides overseas. The Department of Justice and the US Internal Revenue Service accused Lipukhin Jr. of concealing assets worth between $4 million and $7.5 million. The US Department of Justice claimed that Viktor Lipukhin was the president of Severstal's American subsidiary, Severstal Inc. Severstal denied this information. Therefore, it is difficult to say whether Mordashov really sheltered Lipukhin’s son in his corporation, and then disowned him in time, or whether Viktor Yuryevich actually had nothing to do with Severstal, but was assigned to it “out of old memory.”
Currently, Alexey Alexandrovich is not involved in the operational management of the corporation, having transferred the post of General Director to his deputy Vadim Larin, remaining only the chairman of the board of directors. But at the same time, he owns 79.2 percent of the shares of Severstal.
Alexey Alexandrovich Mordashov is a talented manager who is not afraid to make non-standard decisions. His tenacity came in very handy in the conditions of the emerging market economy and helped him enter the cohort of masters new Russia. It was through the efforts of Mordashov that Severstal turned into one of the world's largest steel and mining companies. However, at the same time, Alexey Alexandrovich literally “went over the heads” of the people closest to him. Thus, Yuri Lipukhin, who became for Mordashov not only a “godfather” in managerial activities, but also an actual godfather at baptism, he simply dropped out of business, taking sole possession of the corporation. He also acted rudely with his family, who supported him in difficult times, and whom he abandoned as soon as his business took off. Of course, in the fight against other oligarchs, such unscrupulousness " to the king of steel only helped, but it is unlikely that his conscience can be calm.
General Director of ZAO Severgroup.
Alexey Mordashov was born on September 26, 1965 in the city of Cherepovets, Vologda Region. In 1988 he graduated with honors from the St. Petersburg State University of Engineering and Economics named after Togliatti with a degree in mechanical engineering. While studying, I met Anatoly Chubais, then a teacher at this institute.
After graduating from the institute in 1988, Alexey Mordashov got a job at the Cherepovets Metallurgical Plant. He worked as a senior economist, head of the bureau of economics and labor organization of mechanical repair shop No. 1, and deputy head of the plant's planning department. In 1989, Mordashov was sent for a six-month internship at the Austrian steel company VoestAlpine.
During the initial period of privatization in Russia in 1992, Mordashov became director of economics and finance at the Cherepovets Metallurgical Plant, which was soon transformed into OJSC Severstal. The general director of 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 2000 - one of the members of the Joint Russian-German intergovernmental working group on strategic cooperation in the field of economics and finance. In 2001, Alexey received an MBA from Northumbria University in Newcastle upon Tyne.
On October 5, 2007, Siemens AG signed an agreement with Alexey on long-term strategic cooperation in the development of the Power Machines company. Siemens AG received a share in the company's share capital. In 2011, cooperation with Siemens was completed. On December 27, 2011, 25% came back under the control of the Cypriot management company Highstat Limited, which now owns 75% of the shares of Power Machines.
Since 2009, Alexey Alexandrovich has been working as co-chairman of the Northern Dimension Business Council, which is engaged in developing interaction between government officials, business and civil society in Northern Europe. The second co-chairman from the European side is Mr. Tapio Kuula, President and CEO of Fortum Corporation in Finland.
Alexey Mordashov actively participates in the work of the World Steel Association. In 2001, Severstal was the first Russian steel producer to become a member of the Association. Member of the Council on Competitiveness and Entrepreneurship under the Government Russian Federation.
In October 2012, Mordashov became the first Russian in history to be elected chairman of the Association’s Board of Directors; a year later, as part of the rotation procedure adopted at Worldsteel, he transferred the chairmanship to the head of the steel company POSCO. Alexey himself became one of the two deputy chairmen of the Board of Directors.
A year later, during Russia’s presidency of the G20, Alexey Mordashov was actively involved in the work of the international group “Trade as a Growth Factor” B20 as a co-chairman on the Russian side. In October 2015, Alexey Mordashov was re-elected to the executive committee of the World Steel Association.
In 2018, Alexey Alexandrovich Mordashov took 2nd place in the ranking of “200 richest businessmen in Russia 2018”
Awards and Prizes of Alexey Mordashov
Order of Alexander Nevsky - for huge contribution in the socio-economic development of the Russian Federation, achieved labor successes, active social activities and many years of conscientious work 2015
Order of Honor - for great contribution to the development of the metallurgical industry, achieved labor successes and many years of conscientious work 2011
Medal of the Order of Merit for the Fatherland, 1st class - for services to the state, high achievements in production activities and great contribution to strengthening friendship and cooperation between peoples 1999
Medal of the Order of Merit for the Fatherland, II degree - for services to the state and many years of conscientious work 1996
Insignia “For Beneficence” - for great contribution to charitable and social activities 2016
Order of the Russian Orthodox Church of the Holy Blessed Prince Daniel of Moscow, III degree 2003
Commander of the Order of Merit of the Italian Republic, Italy 2009
Cross of Recognition, III degree - for contribution to the development of the country's economy, Latvia 2013
Laureate of the national business reputation award “Darin” of the Russian Academy of Business and Entrepreneurship 2002
Russian Government Prize in the field of science and technology
Certificate of honor from the Ministry of Economy
Certificate of Honor from the Governor of the Vologda Region
Alexei 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 degree abroad. In the late 1990s, his company was the largest client of McKinsey in Eastern Europe, which he used not only for consulting, but also as a talent pool. 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, we didn’t run into anyone, we didn’t use government bodies or corruption,” says Alexei Mordashov in an interview with Forbes. “Everything we bought, we bought with money.”
And only one story from Mordashov's past has so far remained a secret with seven seals. About how, in fact, he gained control of Severstal, only a few laconic statements by Mordashov himself were published.
Forbes was able to ask about this story of 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 his partner and, by the way, Lipukhin's godfather, deftly brushed aside.
The history of the privatization of Severstal is the history of two generations of managers, Soviet and post-Soviet, who won the younger and lost the older. 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 us the coordinates of the former Severstal CEO. “He has a love-hate relationship with the company.” Indeed, Yuri Lipukhin today talks about the enterprise to which he gave most life, with pain and pride, and about Mordashov - sometimes with respect, sometimes 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. Energetic young man management quickly noticed. Mordashov was sent for a six-month internship at the Austrian steel company Voest Alpine.
Returning after an internship in 1990, Mordashov met with the general director of the plant. Lipukhin liked the budding economist for his cheerfulness and enterprise. “He had great proposals for restructuring. I saw that a person thinks well and approaches business creatively,” says Lipukhin. — Build new ones economic relations It was easier for the younger generation. 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. Together with him, the son of the Minister of Ferrous Metallurgy Serafim Kolpakov, Sergei, trained in Austria. “Alexey arranged 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 nimble, 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 didn’t know the world market and didn’t get 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 turn from the gate. 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 he needed to take the shares of the plant 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. Under the purchase of shares, the Severstal-Invest company was created. According to the law, enterprises in which state-owned companies had more than 25% could not participate in privatization. Therefore, the plant itself had only 24% in Severstal-Invest. The rest 76% was personally owned by Mordashov. Lipukhin proposed to create 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. “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 a huge margin from its resale to buy 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 regulatory organizations, from the tax inspectorate, ministries, and 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 be it. To this talented and obedient manager, the 60-year-old director was ready to give up his place: “I have already worked out. It's time to look for a replacement."
In 1996, Mordashov became the CEO of Severstal, and Lipukhin took over as chairman of the board of directors. It was then that he finally took care of the formal ownership of the shares. Those 43% of the shares of Severstal, 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 - express 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, walked for a week, and when he returned, he came and said: equally not quite normal for me, give you 49%, and 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. What to do with 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 the litigation with Mordashov. ex-wife. 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.
