Ilim Group informs that Kseniia Sosnina has stepped down from her role as the Company’s CEO due to the expiration of her employment contract. Aleksei Lomko, Senior Vice President Legal, has been appointed Acting CEO.

Ilim Group informs that Kseniia Sosnina has stepped down from her role as the Company’s CEO due to the expiration of her employment contract. Aleksei Lomko, Senior Vice President Legal, has been appointed Acting CEO.

Zakhar Smushkin, Chairman of the Board of Directors, expressed his high appreciation of the work done by Kseniia Sosnina in her role:

“Over seven years, the Company led by Kseniia Sosnina has reached the challenging goals set by the Board of Directors. We would like to thank Kseniia and wish her all the best in her future career”, said Zakhar Smushkin, Chairman of Ilim Group’s Board of Directors.

Kseniia Sosnina was appointed Chief Executive Officer of the Company in June 2016 after her service on the Company’s Board of Directors. She led large-scale upgrade with total investment of USD 3.8 billion. The overall capacity of Ilim Group’s Mills grew by 17% and product export to China reached record high 2.2 million tons per year.

“I would like to express my appreciation to Company shareholders for their trust, unique opportunity to implement a large-scale strategy and the industry’s largest investment projects. I extend my gratitude to the entire team for their professionalism and unfailing determination to bring new achievements. There are greater heights to explore!” Kseniia Sosnina commented.

Aleksei Lomko began his career with the Company in 2005 and has been Senior Vice President since August 2018. Mr Lomko graduated from the Ural Legal Academy in 1999 and in 2016, received MBA from the Northwestern University (U.S.) and Hong Kong University of Science and Technology.

COMPANY BACKGROUND

Ilim Group is the leader of the Russian pulp and paper industry and one of the industry leaders globally. In 2022, the Company’s revenue exceeded USD 3 billion. The annual finished products output totaled more than 3.6 million tons. By 2025, Ilim intends to increase its export volumes up to 4.6 million tons. Apart from its key Russian and Chinese markets, the Company also prioritizes the markets of the Middle East, India, Africa, and Latin America.
Ilim Group has three Russia’s largest pulp and paper mills in Bratsk, Koryazhma and Ust-Ilimsk, two corrugated board plants in Dmitrov and Kommunar, and Sibgiprobum Engineering and Design Institute in Irkutsk. The total headcount is 17,000 employees.