Vladimir Iorikh ?

I have done this site especially for Vladimir Iorikh
in order to visit thishousewillexist.org

Sorry for my poor english translation.

In 1980, the year he graduated from Polytechnic University (specialty - engineer-economist) in Kemerovo and got a diploma.
From 1980 to 1987th Vladimir worked at one of Novokuznetsk - Gidrougol - as an engineer, and after - Director of Economics.

The famous Russian businessman, industrialist, billionaire. His net worth is estimated at approximately $ 1.3 billion (according to the world famous magazine Forbes, which he called one of Vladimir's most influential and wealthy people of the planet).

Vladimir Iorich was born in 1958 to the year in Russia (in Stalin) and is currently living at home.

Vladimir - graduate. In 1980, the year he graduated from Polytechnic University (specialty - engineer-economist) in Kemerovo and got a diploma.

From 1980 to 1987th Vladimir worked at one of Novokuznetsk - Gidrougol - as an engineer, and after - Director of Economics. In 1988, future billionaire, left the company and was appointed deputy director of one of the shafts of large industrial enterprises - Kuznetskugol. Having worked in this position for two years, Vladimir gained a reputation as a serious, responsible and knowledgeable employee, which led to his promotion. In 1990, Vladimir took over as commercial director of the same organization and perfectly carried out his duties - up to 1995 year.

In 1995, Vladimir Iorich was led by the company Conares, which was registered in Switzerland. Then he stood at the helm the company Mechel (with notorious Igor Zyuzin) and led that company until 2004 year. By the way it was Igor Zyuzin in the year 2006 the entrepreneur Vladimir Iorich sold part of his own company, which amounted to about forty-two percent of the total shares. As a result, Vladimir rescued nearly half a billion dollars.

Vladimir Iorich - owner of several foundations, among them - Pala Assets Holdings. It is this organization in 2007, the year got fourteen and a half per cent stake in Voest Alpine Intertrading AG - a company of the largest company Siemens. Experts argue that the acquisition cost fund Vladimir Iorich approximately 72 million euros.

Currently, Vladimir Iorich continues to work in the mining sector, preferring to explore new fields, to improve and expand the company and its own activities.

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Date of birth: 1958

Place of birth: Stalinsk, (now - Novokuznetsk).

Education:
Kemerovo Polytechnic University, specialty "engineer-economist," 1980

Career:
He began his career at "Gidrougol" in Novokuznetsk. In the period from 1980 to 1987 he rose from engineer to director for economics. In 1988-1990 he was deputy director of mines, "Jubilee," the company "Kuznetskugol." From 1990 to 1995 he was Commercial Director of "Kuznetskuglya." In 1995 he became head of the Swiss company Conares Holding - a trading company "Steel group" Mechel ".

In 2004 he was appointed General Director of JSC "Mechel". In 2006 Iorich sold his stake in the company (42%), Igor Zyuzin. At the moment, is the owner Facility Pala Assets Holdings: in 2007 the organization became the owner of the 14.5% stake Voest Alpine Intertrading AG.

Additionally
According to the magazine "Finance" at the beginning of 2009, the state has a $ 1.5 billion, and holds 31 seats in the rating of Russian billionaires.

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Vladimir Iorich born in 1958 in Stalin's (now - Novokuznetsk). In 1980 he graduated from Kemerovo Polytechnic University, "engineer-economist." In 1980-1987. worked as an engineer, Director of Economics Novokuznetsk enterprise "Gidrougol." In 1988-1990,. - Deputy director of the mine "Jubilee" company "Kuznetskugol." In 1990-1995. worked as a commercial director "Kuznetskuglya." In 1995 he became president of the Swiss Conares Holding - one of the trading companies of the group "Mechel". From January 2004 - CEO Steel group "Mechel".

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Vladimir Iorich gone ahead

Vladimir Iorich, as promised in February 2006, continues to reduce its presence in the operational management of JSC "Mechel". From today, the general director of the holding was now former chairman of the board of directors and one of its founders, Igor Zyuzin. Mr. Iorich will move to chairman of the board of directors, free up space in advance.

Powers of Vladimir Iorich as CEO of the holding suspended since yesterday, according to a decision the board of directors of "Mechel". This post is from December 19, 2006 will, according to the same address, Igor Zyuzin, who headed up until yesterday the board of directors of the company. According to RBC daily in the holding, so Vladimir Iorich finally distancing itself from the operational management of steelmakers.

In February 2006, "Mechel" reported on the achievement of major shareholders agreement, pursuant to which Igor Zyuzin within the next 12 months will buy 42.2 percent stake in Vladimir Iorich. Then it was noted that Mr. Zyuzin, "is considering various funding options, including transactions in the stock market or strategic partnership." In this case, according to a company materials during the year, Mr. Iorich was gradually transfer its responsibilities to the current Director General Executive Director of "Mechel" Alexey Ivanushkin.

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Vladimir Iorich will serve as CEO and board member of the transitional period, said at the time of holding. Since the agreement, Mr. Iorich consistently sells small packets its share in the equity of "Mechel", which since the founding of the holding in 2003 was 47.8% (the same was then and his partner, Igor Zyuzin.) According to the IC "Veles Capital", the current capitalization of "Mechel" of 3.53 billion dollars this way, for its stake, Vladimir Iorich can help out a total of about $ 1.2 billion, not including interim dividends and other payments.

Experts note the expected event and its conflict-free. "This step is known for a long time the market and any impact on the business plans of" Mechel "and market valuation of the company will not" - says an analyst at Raiffeisen Bank, Andrei Novikov. As the analyst at Alfa Bank, Vladimir Zhukov, the main shareholders of the holding had different approaches to business development: According to Mr. Iorich, he adopted a "side" of the steel segment, Zyuzin was also "for the coal line." "In the end, - the expert speaks, - has won the" line Zyuzin. "

However, said Andrei Novikov, no conflict at the heart of the solution does not lie Iorich: 1.5 years ago still holding has changed its name from the "Steel group" Mechel "for JSC" Mechel ", showing thus the market that the company's development lies in the region create a vertically integrated business. Moreover, as noted by Vladimir Zhukov, EBITDA «Mechel" in 2005 evolved 60% of the proceeds from the sale of coal and 40% - on sales of steel segment. According to the company, more than a third of revenue "Mechel" (975.4 million dollars) for the first nine months of 2006 - the proceeds of the coal sector. The share of the steel segment had $ 2.2 billion According to Mr. Zhukov, a symbiosis of coal and steel company is profitable, which is reflected in its financial performance, are the first three quarters of this year look more positive.

ALEXEI SADYKOV

OJSC "Mechel" manages coal and steel assets in Russia, Lithuania and Romania. Major shareholders, Igor Zyuzin (65.8%) and Vladimir Iorich (7.2%). In the free float is more than 23% of the shares. Group revenue for the US GAAP for the nine months of 2006 - 3.14 billion dollars, net profit - 372.1 million, EBITDA - 668,5 million production volumes for the first nine months of 2006 - 4.4 million tons of steel 3 5 million tons of rolled products produced 12.3 million tonnes of coal.
Read more: http://www.rbcdaily.ru/2006/12/19/industry/257416

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Panelists: Vladimir Iorich sells stake in "Mechel" as long as possible with the greatest benefit
13.02.2006 11:33
Vladimir Iorich package, which owns 42.22% shares of "Mechel", will cost about $ 1.7 billion, the analyst FC "Megatrustoil" Andrei Novikov. It is expected that co-owner of Igor Zyuzin Iorich buys out during the year. According to the "Mechel", the operational management of the company during the year will be transferred to the current CEO Alexei Ivanushkin. According to RBC daily, the cost of purchasing will be attracted by the sale of the purchased package - up to 33.4%. As a result, instead of 84.4% in the hands of Igor Zyuzin could stay only 51% of the market "Mechel". According to market participants, potential partners, mining and metallurgical holding should look in two directions: either among foreign portfolio investors who can buy shares of "Mechel" through transactions in the stock market, or among the government agencies that purchase and blocking will be included in the operational management of the holding . Analyst "BrokerCreditService" Vyacheslav Zhabin believes that the decision to sell shares due to the fact that "Vladimir Iorich simply fixes income" (ie, selling the package at its peak value). On the steel market is now expecting worsening conditions due to increased supplies of relatively cheap steel from China. While prices are relatively stable, the value of shares held and "Mechel", so they can sell to the best advantage, experts say.

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Another version is associated with the formation of metallurgical holding, which will take control over the enterprises producing special products for the aviation industry. Engage in the creation of the holding will be "Rosoboronexport" was created on the basis of JSC NPO "Aviatehnologiya" JV "AT Spetstehnologiya." In particular, this project relate the events surrounding the redistribution of property of "VSMPO-Avisma" (titanium alloys). Earlier, Chairman of the Board of Directors of titanium holding Vyacheslav Bresht made the assumption that the next logical step, "AT Spetstehnologii" would be to extend control to the "Mechel", producing special alloys and nickel, as well as having a significant resource base. On Friday, the representative of "Rosoboronexport" Igor Skrylnikov said that he was unaware of such plans of his company, but "metals holdings is in the formative stages, and to disclose such information would be premature." Delete the actions of the shareholders of "Mechel" preparation for building relationships with the "Rosoboronexport" is therefore impossible. According to Vyacheslav Zhabina, "if one partner has the support of the state, it's time to add another suitcase."

Currently JSC "Mechel" is controlled by chairman and Igor Zyuzin CEO Vladimir Iorich, each of which is held after the October 2004 IPO on the NYSE owns 42.22% of the company. Portfolio investors, mainly investment funds, owns 11.52% of the shares. Still about 4% of the shares in the hands of private individuals. The group consists of "South Kuzbass Coal" (coking coal), JSC "Korshunov Mining Plant" (iron ore, nickel), OJSC "Chelyabinsk Metallurgical Plant", OJSC "Beloretsk Metallurgical Plant" and JSC "Ural Smithy" (rolled) and OAO "Wärtsilä Hardware Factory" (hardware). In addition, the balance of "Mechel" are 25% of the shares of "Yakutugol", 90.3% shares of JSC "Port Kambarka" 80% of the shares of OAO "Trade Port Posiet", 25.4% of the shares "Izhstal", as well as Hardware and steel enterprises in Lithuania and Romania.

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Former owner of "Mechel" invests in startups

Vladimir Iorich sale three years ago, its share in the company "Mechel" has caused a lot of questions. No Iorich nor his partner, Igor Zyuzin, bought most of the shares offered for sale the package, so never officially voiced cause of divorce. Familiar with business people assumed that they simply disagreed on the strategy of "Mechel": Zyuzin allegedly wanted to develop the coal line (and a few years ago even had plans to sell the Chelyabinsk Metallurgical Plant, which gave the name of the group), and wanted to invest Iorich exactly in metallurgy.

Whatever it was, the decision to sell its Iorich 42.2% shares of "Mechel" and focus on investments in foreign enterprises seem entirely true last summer, when at a meeting of Vladimir Putin promised to call the "doctor" to Zyuzin, and then quotes " Mechel "collapsed on the third.

The proceeds from the sale of "Mechel" $ 1.7 billion invested in Vladimir Iorich registered in Jersey, funds managed by Swiss company Pala Investments, which manages Jan Castro - Chief Financial Officer "Mechel" at a time when he was CEO Iorich. In the Russian companies, Vladimir Iorich no longer invest: in its portfolio companies in Canada, Australia, New Zealand, Turkey, South Africa.

The main object of his interest in the mining industry has become: in the portfolio of Pala Investments is a company engaged in exploration and production of gold, diamonds, coal, copper and other minerals. Some of these companies - most real startups that have started only in the next couple of years. Alone the interests of mining companies and their managers Iorich not limited to: they invest, for example, the company Norcast, is engaged in sinking and settling of mines, and a producer of software for the exploration and management of mining companies Gemcom Software.

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In all of its companies Pala Investments seeks to control through participation in boards of directors. True, some investors such tutelage from one of the shareholders seems excessive, and they try to restrict it. Example - a Canadian company Rockwell Diamonds, has a number of diamond mines in Africa. Already being the owner of 19.2% shares, Pala in September last year announced offer to repurchase shares from 85% premium to current prices. Management immediately said that it was a hostile takeover, and recommended not to accept the offer. The standoff lasted two months, during which the company has already said that its shareholders its proposal violates South African law, and Ian Castro in return accused the management of wanting to distract shareholders from the poor performance of company management. The victory remained with managers in November Pala withdrew the offer.

To judge the results of the companies is not easy: at the stage of being run start-ups show a zero or minimal revenue loss and solid - at least the same Rockwell Diamonds in response to the crisis had to cut costs and lay off workers. Since the beginning of the crisis of capitalization began to crumble almost as fast as Russian analogues such as Highland Gold and Peter Hambro Mining, and by the end of last year reached a minimum - the company less than six months, fell to three - five times. Except there was only an Australian gold producer Avoca, where Vladimir Iorich could earn. The reason is simple: he bought shares Avoca six months ago, when they were worth even less than now.

It is unlikely that the current soul-disturbing Vladimir Iorich. Rather the opposite: a good time for shopping, living and the money he still had enough. In addition, the investments were originally Iorich long-term, calculated for several years. In coming years, its start-ups should begin work and generate income, so their quotes and, accordingly, state Iorich will grow faster than the investors who invested in mature companies. Capitalization started to recover since the beginning of this year. Can not get worse than the "Mechel".

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Gazette: Vladimir Iorich nedoprodal "Mechel"

Co-owner of "Mechel" Vladimir Iorich investors sold half the shares than planned. As the "Vedomosti", he cut proposal ADR to $ 350 million and bonds convertible into ADR, - up to $ 150 million According to analysts, it is about a 15% stake in the group "Mechel" instead of the planned 28-30%.
Vladimir Iorich and Igor Zyuzin announced that they have decided to leave in mid-February. Iorich promised Zyuzin within a year go out of business by selling its stake in him, which was then worth $ 1.7 billion, but decided to keep Zyuzin themselves as much stock as needed to gain control of "Mechel". The rest of paper Iorich bank UBS had to place among investors. March 13 in London started a road show. Iorich planned to sell $ 700 million ADR's and another $ 300 million of bonds convertible into ADR (their issuer became UBS AG Jersey Branch). According to analysts, only Iorich would place on the market 28-30% of "Mechel".

Order book on the bonds was closed on March 15 by ADR - March 16. Sources in the market argue that investors are willing to buy a receipt for $ 21-22, and this is an obvious failure. "So low paper" Mechel "not worth a year", - notes the analyst of the "Invest Center" Alexander Yakubov. 13 March for them gave $ 26 and the closing date of the book - $ 24.4.

To reduce losses, Iorich decided not to sell the whole package. Several investment company "lists" were told that he posted on the ADR of $ 350 million and bonds - a $ 150 million

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According to the analyst "Uralsib" Kirill Chuiko, through ADR Iorich sold about 11% of the shares. A bond - about 5-6% of the shares, thinks Denis Nushtaev of "Metropol". A source familiar with the location, reported that the ADR sold for 11.5%, and bonds - even "a few percent." He also said that one of the buyers was Zyuzin, which "increased the package, but not to control." According to Alexander Puhaeva of Deutsche UFG, total sales amounted to 15%.

"Road Show was rather low, and investors have shown a real interest in ADR" Mechel "only in the last day. While bonds in great demand, "- said one of the investment bankers. Iorich, in his opinion, did the right thing by reducing the sentence. "From a legal point of view Iorich not too late to opt out of the deal. But then the company would suffer irreparable reputational damage, "- said a top manager of a large investment company.

Cause of failure - the haste with which the transaction took place and the organization itself placement, said Yakubov. "A lot of deals just brought down the market", - notes Puhaev from Deutsche UFG. "Maybe Iorich company wants to get out as quickly as possible. He and Zyuzin disagreed about the future. It began with what was Iorich against buying "Mechel" blocking "JAkutuglja" for $ 411 million "- suggests a top manager of one of the mining groups.

Analysts say that Iorich can still succeed. "Later, he will be able to sell the remainder of the package - and possibly more expensive", - believes Chuiko. Indeed, as early as Friday ADR "Mechel" on the New York Stock rose to $ 26.3.
Julia Fedorinova


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