Karapetyan Yervand Onikovich

Biography

2024: Appointment as CEO of PIK Group of Companies

In early April 2024, it became known about the appointment of Yervand Karapetyan as the new general director of the PIK construction company. He replaced Ivan Polandov, who resigned as head of the group in March 2024.

The fact that Karapetyan headed PIK is evidenced by the data of the Unified State Register of Legal Entities (Unified State Register of Legal Entities). The company itself confirmed to Interfax the change of CEO, but refrained from commenting.

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At the end of March 2024, the board of directors of the PIK group voted to early terminate the powers of general director Ivan Polandov and appointed a new one. At the same time, the name of the new head of the company was not disclosed in connection with the introduction of "restrictive measures" against the developer and their possible expansion.

Polandov headed the development company since September 2022. In this post, he replaced the main shareholder of the developer Sergei Gordeev.

According to the Unified State Register of Legal Entities, by the beginning of April 2024, Yervand Karapetyan is also the head of the General Contractor - MFS LLC (GP-MFS), which is part of PIK.

PIK is one of the largest developers in Russia in terms of current construction as of April 1, 2024. By this date, according to ЕРЗ.РФ, the company is building 4.5 million square meters of housing. These are 78 residential complexes in which 225 apartment buildings and two houses with apartments are being built.

A month before the change of the general director of PIK, the group and its main shareholder Sergei Gordeev, who owns 32.5% of the developer's shares, fell under US sanctions. It was because of these restrictions that the company decided to change the CEO.^[1]

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