The Board of Directors of MMC Norilsk Nickel is to consider the nomination of Denis Morozov to the post of General Director

General Director of MMC Norilsk Nickel Mikhail Prokhorov decided to resign from his posts of General Director and President of MMC Norilsk Nickel.
“As was announced earlier, a new company would be formed based on some of the Norilsk Nickel’s energy assets. It became evident in the course of this process that it was impossible to fulfil the duties of the executive officer at MMC Norilsk Nickel and to bring into life, at the same time, a new business concept as part of ongoing formation of a new holding company. There is a natural conflict of interest in this situation. As the efforts aimed at the creation of the new company were already launched, and the new business is taking shape rapidly, I decided to resign from my posts with Norilsk Nickel earlier than scheduled,” - Mikhail Prokhorov said. “My experience at Norilsk Nickel makes it possible to start an innovative high-tech business, which will provide the growing Russian economy with new workplaces and new tax-paying entities,” - assures Mikhail Prokhorov. “I am planning to continue a number of projects in Norilsk and in cooperation with Norilsk Nickel. The primary focus here is on hydrogen energy projects. My intention is to attempt a breakthrough in the advanced technology development in Russia,” - he added.At the Management Board meeting, Mikhail Prokhorov named Denis Morozov for the post of General Director of the Company.