Ilim Group CEO, Kseniia Sosnina, Steps Down, Aleksei Lomko Appointed Acting CEO

July 14, 2023 - Ilim Group announced that its CEO, Kseniia Sosnina, has stepped down 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, Smushkin said. "We would like to thank Kseniia and wish her all the best in her future career."

Kseniia Sosnina was appointed CEO of Ilim Group 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.

Sosnina commented, "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!"

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

Ilim Group has 17,000 employees and operates three of 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.

SOURCE: Ilim Group