Vadim Makhov

Vadim Makhov gained extensive practical experience working at Severstal from February 1994 to June 2009, where he began his career as Deputy Head of the Economic Research Laboratory and rose to the position of Chairman of the Strategy Committee of the Board of Directors.

Working as Deputy General Director for Strategy and Business Development of Severstal from 2002 to 2008, he was engaged in the development and implementation of the company’s strategy, the development and promotion of its new business lines, and the initiation of many projects, including the creation and development of Severstal Corporate University.

In 2004–2007, Makhov was in charge of restructuring the company’s assets in the USA and Western Europe. From 2008 to June 2009, he was Chairman of the Strategy Committee of the Board of Directors at Severstal.

In June 2011, Makhov was appointed General Director of United Heavy Machinery Plants (OMZ Group), and he held this position until mid-2016.

Under his leadership, a number of effective transformations were completed in metallurgy, machine building, and consumer goods production. He had an active role in many unique, innovative projects implemented by different Russian and foreign companies, and contributed to the development of many new products.

Makhov founded and headed Bard Worldwide, a private equity fund that invests in developing cutting-edge technologies. Makhov graduated with honours from the S. Ordzhonikidze State Academy of Management, where he defended his thesis in Economics. In 2000, he received an MBA from Newcastle Business School at Northumbria University (UK).