Early Life
Alexey Alexandrovich Mordashov was born on September 26, 1965, in Cherepovets, Russian SFSR, Soviet Union. His parents were Russian steel mill workers. Growing up, his family used welfare coupons. Mordashov graduated with a bachelor's and master's degree in engineering from the Leningrad Engineering-Economical Institute, and later gained an MBA from Northumbria University in Newcastle upon Tyne, England, in 2001.
Rise to Success
Mordashov's career began in 1988 when he joined Cherepovetskiy Metallurgical Plant as an economist. He quickly rose through the ranks, becoming finance director in 1992. In 1996, he was appointed as CEO of the company. Under his leadership, the company grew into a conglomerate known as Severstal, acquiring steel, coal, and mining companies. He built Severstal into one of the largest steel companies in the world. In 2003, Mordashov turned his focus westward acquiring U.S. and European steel plants and briefly holding a stake in Arcelor.
Key Business Strategies
Mordashov focused on expanding Severstal, acquiring various companies and assets to build a vertically integrated steel and mining conglomerate. His strategy included acquiring raw materials to ensure control over the supply chain. He diversified his investments through his company Severgroup, acquiring stakes in industries such as energy, machinery, and tourism.
Philanthropy
Mordashov has contributed to various educational, cultural, and social initiatives in Russia, supporting programs that aim to improve access to education and healthcare.