Interpipe announces CFO appointment
Denis Morozov has been appointed as the new Chief Financial Officer at Interpipe. Prior to this role, he took the position of Director of Product and Resource Management.
The new appointment follows Interpipe’s transformation programme aimed at centralizing management and increasing efficiency. In this new frame the financial department, previously managed by the CFO, will be united with the products and resources department, responsible for the business’ profitability. As such the new CFO will be given oversight and have the opportunity to manage both departments, influencing more effectively the company’s financial results.
Denis Morozov entered into his duties since October, 1. Vladislav Shulga who held this position before Mr. Morozov, left the company.
“External challenges demand maximum performance from our company’s management, - Alexander Kirichko, Interpipe’s Chief Executive Officer, commented. – Previously we held the positions of Chief Commercial Officer, responsible for the company’s sales, and Chief Operational Officer, managing production, procurement and investments. From now on, the financial department will be managed solely by the CFO. The new model will increase efficiency in the company's business processes”.
Denis Morozov has been working for Interpipe for 13 years. He was previously Head of the Budget department and Director of Product and Resource Management.
Denis received a Master’s degree in Informational systems management at Dnipropetrovsk national university.
Interpipe is a vertically integrated steel pipe and railway wheel company. It is among the ten largest producers of pipe products and third largest producer of railway wheels in the world. The Company’s products are supplied to 80 countries through a chain of commercial offices located in Ukraine, Russia, Kazakhstan, Europe, the USA and the Middle East. In 2012, the Company’s mills produced about 1.2 mln tons of pipe and wheel products.