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2020/10/30 12:56:18

Board of Directors of Yandex

Main article: Yandex

2020: Statement of new Board of Directors

On October 29, 2020 shareholders "Yandex" on annual meeting approved the updated structure of Board of Directors. It left the head Sberbank German Gref who is included into council since 2014.

In the summer of 2020 after closing of the transaction on separation of assets between Sberbank and "Yandex" Gref assumed what will not be re-elected for new term. An official exit of Gref from the structure of Board of Directors of "Yandex" took place against the background of news that Sberbank entirely redeems Rambler Group share from Alexander Mamut and becomes the only owner of the company.

In "Yandex" approved new Board of Directors, German Gref left it

Shareholders re-elected the co-founder and the head of "Yandex" Arkadiya Volozha as the chief executive in council for four years. The technical director of "Yandex" Mikhail Parakhin is re-elected for a year as the nonexecutive director. The post of the chairman of the board of directors of "Yandex" is held by the president of private investment company Firehouse Capital John Boynton.

Besides, joined the updated board:

The major shareholder of "Yandex" - Arkady Volozh, it to the last transactions possessed 9.84% of the capital and 48.48% of voices of the company. Among institutional investors of the company there are Capital Group, Harding Loevner, Invesco and other large funds. Earlier in 2020 "Yandex" placed shares on the market within SPO and for benefit of group of investors therefore shareholders of "Yandex" of steel of VTB, Ervington Investments Limited of Roman Abramovich and Treliscope Limited of Alexander Abramov and Alexander Frolov.[1]

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