Igor Zyuzin

Igor V. Zyuzin is a Russian businessman whose net worth stands above $1.0 billion and he features in the Forbes list of billionaires.

Igor Zyuzin – Quick Facts about his Education

Igor V. Zyuzin was born on May 29, 1960 in Russia. He studied to become a mining engineer in 1982 and received a doctorate in coal mining from Tula Polytechnic University in 1986. He also obtained a degree in the economics of coal mining engineering from Kuzbass Polytechnic Institute in 1992. Zyuzin is married and has two children.

Igor Zyuzin’s Career

Igor Zyuzin has had a diverse career although limited to the field of his expertise. He chaired the Board of Mezhdurechensk Coal Company from 1997. After two years, the company merged with Southern Kuzbass Coal Company. Again, Zyuzin was selected to be the Chairman of the Board from 1999. Yuzhny Kuzbass is currently one of the three largest metallurgical coke producers in Russia. They also produce coal for power generation. In 2001, Zyuzin’s company bought a controlling stake in another coal plant called the Chelyabinsk Metallurgical Plant.

Igor Zyuzin’s Mechel Group

On March 19, 2003, Igor Zyuzin founded the Mechel Group. The company rapidly achieved a strong hold on the Russian market. By 2004, the company made its debut on the New York Stock Exchange.

The Mechel group engages in mining and metallurgical activities and produces coal, iron ore, alloys, nickel steel, steel products, and hardware. It is currently Russia’s sixth-largest producer of iron and steel. The Mechel group is primarily controlled by the shareholders of Yuzhny Kuzbass.

Yuzhny Kuzbass is the main supplier of coke to the Mechel Group and hence makes massive profits every year. The subsidiaries of the company extend to several regions of Russia, Kazakhstan, USA, Romania, Bulgaria and Lithuania. The Mechel Group has several plants implementing the latest technology and highly advanced production facilities.

Igor Zyuzin falls into Controversy in 2008

In 2008, Igor Zyuzin’s Mechel Group was accused by none other than the Russian President, Mr. Vladimir Putin, of price gouging in order to evade corporate taxes. In order to talk the issue amongst Russian officials, the President invited Igor Zyuzin to a meeting. Igor Zyuzin failed to attend the meeting and sent word that he was ill.

Zyuzin’s failure to attend the important meeting might have annoyed the President. According to the Moscow Times, he commented that it would be better if Igor Zyuzin got well soon else, he would have to send a doctor to clean up all the problems.

Igor Zyuzin – A Hardcore Businessman in Russia’s Coal Industry

Igor Zyuzin holds powerful positions on the board of important companies when it comes to Russia’s Coal and mining industry. He was the Chairman of the Board of Directors of Mechel Group till 2006 and currently the Chief Executive Officer. He is also a member of the Strategy, Planning, and Coordination Committee of the Board of Directors of the Mechel Group. At the Chelyabinsk Metallurgical Plant, he is once again an influential member holding the post of Chairman. Meanwhile, he is still the Chairman of the Southern Kuzbass Coal Company.

Igor Zyuzin - Profile

Igor Zyuzin's Mechel Group

Igor Zyuzin - Miscellaneous Facts