Power Machines announces the appointment of a new director

On April 20, 2021, Timur Lipatov, General Director of JSC "Power machines", will leave the company by agreement of both parties. Alexander Konyukhov, formerly working as Deputy General Director for Controlling at Severgroup LLC, has been appointed General Director of JSC "Power machines".

Commenting on the personnel changes, Alexey Mordashov, Chairman of the Board of Directors of JSC "Power machines", noted: “Timur Lipatov managed to regulate the company's operations under challenging conditions. I thank him for all the strong efforts he has put into straightening things out and developing the company. The challenges facing JSC "Power machines" require a new approach and effort. I am convinced that the expertise, experience and energy of Alexander Konyukhov will drive the company's performance to higher standards.”

Alexander Konyukhov was born in 1975 in the city of Klin, Moscow Region.

He graduated from the Economics Department of the Russian State University for the Humanities, and completed postgraduate studies at the Gubkin Russian State University of Oil and Gas and Zavolzhsky Automotive Technical School with a degree in Mechanical Engineering. He holds an EMBA degree from the Stockholm School of Economics.

He has worked for Severstal, Zavolzhsky Motor Plant, Kulebaki Metallurgical Plant Ruspolymet, and Sukhoi Company. From 2016 to 2020, Alexander Konyukhov was the General Director of PJSC Tupolev and the Vice President of UAC for strategic and special aviation. From 2020 to February 2021, he held the position of Adviser General Director of the Roscosmos State Corporation. In February 2021, he was appointed Deputy General Director for Controlling in Severgroup LLC.