MKPAO Yandex, the new parent company of the entire group, announced the composition of its board of directors, of which nine people became members. This is stated in the ICPAO message.

MKPAO “Yandex” announced the composition of the board of directors

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From the management of Yandex, the general director of MCPAO Yandex and Yandex LLC, Artem Savinovsky, joined the board of directors. Also from the Management Fund, lawyer Svetlana Yachevskaya received a professorship at the Sovdir.

From the closed mutual fund “Consortium.First”, which is the main owner of MKPAO, the composition included the former managing partner of EY (Ernst & Young) Alexander Ivlev, the founder of the venture fund LETA Capital Alexander Chachava, the financial director of Litasco Middle East Anton Sychev, member of the board of directors of the Dutch holding company Yandex NV Alexey Yakovitsky, as well as consultant Evgeny Yakushkin and deputy general director for products of Infinitum Pavel Dengin.

In addition, Andrei Betin, executive director of ANO “Russia – Land of Opportunities”, served on the board of directors of the Public Interest Foundation.

The first stage of the agreement to sell the Yandex business to a consortium of investors led by the company’s management was completed on May 17. As a result of this, MKPAO Yandex became the parent company of the entire group.

The Dutch company Yandex NV sold about 68% of MKPAO Yandex shares, another 3.7% belongs to MKPAO subsidiary Yandex.Technologies.

The Dutch company is therefore no longer a key shareholder of Yandex. Upon completion of the transaction, Yandex NV will completely withdraw from shareholders.

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Natalia Gormaleva

Source: RB

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