Kseniia Sosnina Leaves the Post of CEO of Ilim Group

Ilim Group informed 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 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 USD3.8 billion. The overall capacity of Ilim Group’s Mills grew by 17 per cent and product export to China reached record high 2.2 million tonnes 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

Aleksei Lomko began his career with the Company in 2005 and has been Senior Vice President since August 2018. 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.