Oleg Bagrin Net Worth

Biography of Oleg Bagrin

The biography of Oleg Vladimirovich Bagrin, President of the NLMK Group, is an example of a successful career as a top-level manager, an example of a self-made man.

President of NLMK Metallurgical Holding Oleg Bagrin

The early years of Oleg Bagrin. Education

Even at school, the young man showed remarkable abilities in mathematics. In 1991, after graduating from school among the best students, he entered the Moscow University of Management, from which he successfully graduated in 1996 with a degree in Mathematical Methods and Operations Research in Economics. In 1998, he graduated from graduate school with a PhD in economics, but did not stop there. A year later, he received an MBA from the University of Cambridge Business School.

Professional activity of Oleg Bagrin

In the period from 1999 to 2004, Oleg Vladimirovich held managerial positions in such commercial structures as Avtobank LLC, Rumelko LLC, Libra Capital.

Oleg Bagrin achieved great success in his career while working at the Novolipetsk Iron and Steel Works (PJSC NLMK). In 2004, he joined the Board of Directors of the enterprise. Being practically at the helm of the largest metal production plant in Russia, the leading exporter of products, Oleg Vladimirovich showed his best business skills and acumen.

Since 2004, Oleg Bagrin has been working for the benefit of NLMK

Together with the metallurgical plant, Bagrin experienced ups and downs. In the years of crisis, a huge enterprise was rapidly losing its positions and confidently went to the bottom. It was possible to save the situation and keep production afloat thanks to a competent strategy and thoughtful management. One of the saviors of the Novolipetsk Iron and Steel Works was Oleg Vladimirovich Bagrin. In particular, he formed a vertically integrated structure of the plant through the acquisition of a number of enterprises for the production of raw materials and finished products, led NLMK groups to an IPO, attracted debut syndicated financing (about $1.6 billion).

In 2005, NLMK ranked third in the country in terms of steel production (6.2 million tons per year). The plant also owned the Stoilensky mining and processing complex and the commercial seaport in the city of Tuapse.

Since 2011, the plant has been actively increasing its production capacity, building new buildings, launching new furnaces and its own thermal power plant. In the same year, an Indian service center was purchased. The modernization of the plant made it possible to provide jobs for more than 60 thousand people, and the growth rate not only does not decrease, but continues to grow.

Oleg Bagrin has been a key figure in NLMK since 2012

In August 2012, Oleg Vladimirovich took over as Executive Director of NLMK. At the meeting of shareholders, he received an overwhelming number of votes; the owner of the enterprise, Vladimir Lisin, nominated the candidacy of a top manager. Now Oleg Vladimirovich is the President of the entire NLMK Group.

Personal life of Oleg Bagrin

Oleg Vladimirovich is a happy father of many children, he is married and has three children. In rare hours of leisure, the family goes on vacation to the sea or to the mountains.

Looking at the photos of a top manager, you can immediately tell that this fit person regularly goes in for sports. Indeed, Oleg Bagrin has a sports hobby – mountaineering. Extreme employment and business do not give him the opportunity to often get out into his favorite mountains. But Oleg Vladimirovich also developed the right strategy here and began to practice short sorties into the mountains in the “alpine style”.

Taking care of his safety and the safety of his companions, Oleg Bagrin always goes hiking with an experienced guide. He believes that the mountains, just like his work, teach to work in a close-knit team, sensitively capture the mood of partners and make quick decisions in rapidly changing situations. In working moments or in an effort to reach mountain peaks, endurance, organization and a sense of elbow are important for the team. An obligatory point is attention to changeable factors.

Oleg Bagrin now

Young ambitious leaders led by Oleg Vladimirovich developed a program designed to bring NLMK to a new stage of development. It is assumed that the set of measures “Strategy-2017” will increase the return on human potential, improve environmental and economic performance, and reduce the cost of steel, slabs, and pellets produced. Its main goals are to bring the concern to the world level, increase production efficiency, sharply increase profits, create its own raw material base and conduct an audit of enterprises. The launched Strategy-2017 program has already shown its effectiveness.

NLMK President Oleg Bagrin at Stoilensky GOK

The team led by Oleg Vladimirovich is sure that in their work they will never have to answer the questions: “Who is to blame, and what to do?”, Since the well-calculated algorithm of the plant’s actions simply will not allow the process to be launched to such a state. In the difficult realities of today, when sanctions interfere with the established workflow, Novolipetsk Combine is steadily increasing profits. Oleg Vladimirovich says that there is no secret here, the main thing is to have a clear plan and not deviate from it one iota.

Oleg Bagrin on the results of the Strategy 2017

The reformation of production is proceeding at the planned pace, and the results can already be seen. In the first quarter of 2016 alone, sales figures increased by 7%, amounting to a record 4 million tons. Profitability of production for five years increased by 5 points in terms of EBITDA. In the production of slabs, it was possible to achieve a two-fold reduction in production costs.

Today NLMK Group is a leader in its field

NLMK Group is undoubtedly one of the most dynamically developing enterprises in Russia. The key role in this belongs to its leader. Oleg Vladimirovich Bagrin is a professional of the highest level. A well-chosen team supports its flagship by putting into practice the best world practices for the modernization of production, its reform and optimization.