# Mechel's KuzbassEnergoSbyt Names Anatoly Ulichev CEO After Ousting Dmitry Karpov

> Mechel's KuzbassEnergoSbyt board terminated CEO Dmitry Karpov on November 10 and appointed Anatoly Ulichev for one year.

- Published: 2026-11-10T21:05:10+00:00
- Section: Leadership
- Author: News Desk
- URL: https://newsforagent.com/news/2026-11-10/mechel-kuzbassenergosbyt-ulichev-ceo
- Source: [Interfax](https://interfax.com/newsroom/top-stories/119863/)

## Key takeaways

- KuzbassEnergoSbyt's board terminated Dmitry Karpov as CEO on November 10 and appointed Anatoly Ulichev for one year from November 11.
- Karpov had spent 25 years at KuzbassEnergoSbyt before becoming CEO, succeeding Leonid Petrov, who had led since 2004 and has retired.
- Mechel has classified KuzbassEnergoSbyt as a non-core asset and indicated its intention to sell the company.

The board of PJSC KuzbassEnergoSbyt, a Mechel Group subsidiary, terminated CEO Dmitry Karpov on November 10 and appointed Anatoly Vasilyevich Ulichev as sole executive body for one year from November 11, [Interfax](https://interfax.com/newsroom/top-stories/119863/) reported. Karpov had succeeded Leonid Petrov, CEO since 2004, who has retired.

## KuzbassEnergoSbyt's Second CEO Change

The board voted at a meeting on November 10 to end Karpov's tenure after just several months, according to company materials. KuzbassEnergoSbyt declined to comment and did not disclose the reasons for the change or whether Karpov would remain with the company. The company also did not specify Ulichev's previous position or place of employment.

Documents from JSC Vanino Commercial Seaport, the largest stevedoring company at the port of the same name in the Khabarovsk Territory, show that an individual with the exact same name as the new KuzbassEnergoSbyt CEO joined the stevedore's board of directors in June. According to the SPARK-Interfax analytical system, Anatoly Ulichev headed Stevedoring Coal Company (Kingisepp) LLC from 2007 to 2015.

Karpov spent 25 years at KuzbassEnergoSbyt before his appointment as CEO, including as Director of Electricity Sales and Commercial Operations since June 2016 and as head of the Northern Inter-district Branch of PJSC KuzbassEnergoSbyt before that. Mechel has indicated its intention to sell KuzbassEnergoSbyt, classifying it as a non-core asset. PJSC KuzbassEnergoSbyt is the largest electricity retail company in the Kemerovo Region.

## Mechel's First-Half Loss and Coal Output

Mechel reported an IFRS net loss of 41.5 billion rubles ($482.84 million) in the first half of 2026, up 2.5% from 40.5 billion rubles a year earlier, TASS reported on August 28. Revenue fell 23% to 117.35 billion rubles, while adjusted EBITDA rose 6.3% to 6.05 billion rubles.

On September 1, Shanghai Metals Market reported that Mechel produced 3.985 million tonnes of coal in the first half of 2026, up 9% year on year, with second-quarter output at 1.954 million tonnes, down 4%. Coking coal concentrate sales fell 35% to 1.099 million tonnes, while raw coking coal sales rose 1,781% to 1.153 million tonnes.

## Harju Elekter and Elektrilevi Management Moves

Harju Elekter said Rauno Stüff will become Managing Director of its Finnish subsidiary Harju Elekter Oy on November 2, 2026, succeeding Jari Jylli, [TradingView](https://www.tradingview.com/news/globenewswire:af0dad1ae094b:0-changes-in-the-management-board-of-harju-elekter-s-finnish-subsidiary/) reported. The change aims to strengthen sales and marketing and accelerate strategic changes; the group's revenue in the first nine months of 2026 was 118.2 million euros.

Elektrilevi elected Ville Paltsepa as chairman and CEO, taking office on January 1, 2027, [GlobeNewswire](https://www.globenewswire.com/news-release/2026/11/09/3398076/0/et/muudatused-elektrilevi-o%C3%BC-juhatuses.html) reported on November 9. His predecessor, Mihkel Härm, will serve until December 31, 2026.

## Companies in this story

- Mechel · website: http://www.mechel.com

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