Evraz says board takes over CEO functions due to sanctions

Evraz

30/06/2023 18:25

MOSCOW, June 30 (Reuters) - The board of Russian steel
producer Evraz  EVRE.L  will manage the company after its CEO
left his post, Evraz said on Friday. 
    "Given the UK sanctions imposed on Evraz plc and other
technical restrictions, the company is unable to conduct
operations. It is therefore extremely difficult to carry out CEO
duties in this situation," Evraz said in a statement.
    Earlier on Friday, the company said CEO Aleksey Ivanov
decided to step down. 

 (Reporting by Anastasia Lyrchikova)
 ((moscow.newsroom@thomsonreuters.com))