Andrey Slivchenko, chief financial officer of Mechel, is to leave following the expiry of his two-year contract, the Russian coal and steel producer said in a statement on Tuesday.
"We are deeply grateful to Andrey Slivchenko for his huge contribution into our efforts on stabilising the company's financial situation," Mechel's Chief Executive Officer Oleg Korzhov said in a statement.
The mining company, controlled by businessman Igor Zyuzin, borrowed heavily before Russia's economic crisis and has struggled to keep up repayments on its debts as demand for its products weakened alongside tumbling coal and steel prices.
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