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Press Releases

TMK IPSCO Announces Executive Changes

08.01.2016

TMK IPSCO, the U.S. subsidiary of global pipe manufacturer TMK, today announced that Chairman Piotr Galitzine will assume the additional role of chief executive officer. David S. Mitch has stepped down as president and CEO, but will undertake consulting work for the company.

“I would like to thank Dave for his leadership and contributions to the company,” Galitzine said. “My appreciation is echoed by the TMK group”.

About TMK

TMK (LSE: TMKS) is a leading global manufacturer and supplier of steel pipe for oil and gas industry, operating more than 30 production sites in the United States, Russia, Canada, Romania, Oman, UAE and Kazakhstan and two R&D centers in Russia and the USA. In 2014, TMK’s pipe shipments totaled 4.4 million tonnes. The largest share of TMK’s sales belongs to high margin oil country tubular goods (OCTG), shipped to customers in over 80 countries. TMK delivers its products along with an extensive package of services in heat treating, protective coating, premium connections threading, warehousing and pipe repairing. TMK’s securities are listed on the London Stock Exchange, the OTCQX International Premier trading platform in the U.S. and on the Moscow Exchange MICEX-RTS.



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