Alexei Mordashov

  • Russian businessman
  • Born September 26, 1965

Alexey Alexandrovich Mordashov (Russian: Алексей Александрович Мордашов; born 26 September 1965), is a Russian billionaire businessman. He is the main shareholder and chairman of Severstal, a Russian conglomerate with interests in metal, energy and mining companies. In April 2019, CEOWORLD magazine reported that Mordashov was Russia’s 4th richest person, with an estimated worth of $20.5 billion.

I don't have any opinions about Russians. There are celebrity persons in each country. Different people do different things.

My wealth is reflected in the price of Severstal, and the number of shares I have in my possession doesn't have any impact on the company.

It is a very big exaggeration to say I am a friend of Mr. Putin.

What you need to keep most in the U.S. is the entrepreneurial spirit.

The future is in green energy; it's in making steel for energy-efficient cars.

In a literal sense, even a private company, of course, cannot do everything that it wants without some discussion with government. As a good corporate citizen, Severstal discussed the idea of a merger with Arcelor with the Russian government.

The steel business is a local business. We do believe in the U.S. economy and would like to have a strong, balanced presence here.

We appreciate size, but only if it is robust growth. Just to be big is not a target.

Well... I graduated from the business school of Northumberland University in Newcastle.

Russia is not a homogenous country; it's a very fragmented country.

Building companies involves creating great wealth. If that means I am an oligarch, OK, it's fine. But if being an oligarch is about buying football clubs, it is not for me.

People were expecting Rouge to go bankrupt, so there was a lot of anxiety. The corporate culture problem was even worse than in Russia. And at the same time, the work rules were more difficult.

Regarding our links with the Russian government, Severstal is a private company with no government participation. We are answerable to our shareholders.

When we put $4 billion into the U.S. economy, they were OK with this. When we preserved jobs in Dearborn, or preserved jobs in Columbus, or preserved jobs in Pennsylvania, everyone was happy.

The U.S. has done a great job improving productivity. We're making a lot more steel in Dearborn with fewer people. The unions have accepted much better work rules.

We believe that the business system only is the key to success. It's no miracle, only day-to-day work in the appropriate way.