QIWI Global QIWI plc

History

2024

Appointment of Alexey Maschenkov as Chief Executive Officer of Qiwi plc

Qiwi plc, a provider of financial technology and digital marketing services, appointed Alexey Maschenkov to the position of Director on the Board of Directors and Chief Executive Officer, as well as Elena Nikonova to the position of CFO. Representatives of Qiwi plc reported this to TAdviser on January 30, 2024. These appointments will ensure continuity of the management team and facilitate a smooth transition to the next phase of Qiwi plc development, they said. Read more here.

Sale of Russian assets to Kiwi management for almost 24 billion rubles

On January 19, 2024, Qiwi informed TAdviser of the completion of the restructuring and plans to repurchase the shares. As part of the business restructuring, Qiwi plc sells to management Russian business consolidated under Kiwi JSC. The buyer of Russian assets is the Hong Kong company Fusion Factor Fintech Limited, which is owned by Andrei Protopopov, now the chief executive officer of Qiwi plc. According to Qiwi, the transaction has already been approved by Russian regulators and the Board of Directors of Qiwi plc. Its cost is 23.75 billion rubles.

International business in, and Kazakhstan UAE others, countries will continue to develop within Qiwi plc. Following the closing of the transaction, the company expects to receive an impetus both for the development of existing businesses and for inorganic growth within the framework of the implementation M&A of the strategy. In Qiwi plc, Alexey Maschenkov will take the position of chief executive officer (at the end of January 2024 - financial director), and Elena Nikonova (deputy financial director) will become financial director. Read more here.