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Sverdlov Denis Lvovich - Russian businessman, one of the founders of Yota, in 2012-2013 - Deputy Minister of Communications of the Russian Federation.
Biography
Born June 6, 1978 in St. Petersburg.
In 1992 he studied at the business school "Vzmakh."
In 1995-2000 - at the St. Petersburg State University of Engineering and Economics, specialty "Accounting and Audit."
In 1995, he worked as the system administrator of the Metiz plant.
In 1997, he was a consultant on the implementation of ERP systems in the St. Petersburg company MKD.
In 2000, he organized his own company for the implementation of ERP systems IT Vison.
In 2003, after the merger of IT Vision and Korus Consulting, he became the managing partner of the combined company. He led projects to optimize business processes and implement IT systems in companies in various industries.
2007: Head of Yota
In 2007, he headed the Scartel company (Yota brand).
[1] Sverdlov also holds the post of general director[1] Centaur mobile television operator affiliated with Yota[1].
Denis Sverdlov press conference in Krasnodar
Denis Sverdlov: the Internet in Russia is faster than in the USA
In the first 5 months of commercial operation, Yota made an operating profit, connecting about 100,000 users to its network[2].
In 2011, Sverdlov entered the rating of the 40 most successful heads of telecom companies in the world under 40 years old according to Global Telecom Business[3].
In 2012, he left the post of general director of Yota in connection with the appointment to the post of Deputy Minister of Communications of the Russian Federation.
In the income statement for 2012, Sverdlov indicated the amount of 131.3 million rubles, the main part of which was a bonus based on the results of work at Yota[4] Communications and Mass [4].
2012-2013: Deputy Minister at the Ministry of Telecom and Mass Communications of the Russian Federation
Denis Sverdlov was appointed Deputy Minister of Communications on July 5, 2012, oversaw activities in the field of communications, the Internet and electronic government.
[1][5] was a member of the Board of the Coordination Center for the National Internet Domain[6] and a member of the Board of Directors[5] international non-profit organization WiMax Forum, which standardizes the WiMax format[5].
Chief Designer State Automated System Elections
In April 2013, Communications Minister Nikolai Nikiforov and CEC head Vladimir Churov signed an order appointing Denis Sverdlov as chief designer of State Automated System Vybory. The proposal for this candidacy was unanimously supported at a meeting of the CEC held on the same day.
In this position, Sverdlov was engaged in ensuring the uninterrupted operation of the state automated system and its individual fragments in the preparation and conduct of elections and referendums, as well as the development of the system's functionality, including in order to improve the reliability and security of information, the Ministry of Telecom and Mass Communications said .
Leaving the post of deputy minister
On August 2, 2013, it became known that Denis Sverdlov was leaving the post of Deputy Minister of Communications. The dismissal was linked to an effective law banning senior officials and their family members from holding accounts abroad. It was reported that Sverdlov had a spouse abroad.
"There were twooptions for him - either to quit at all, or to go down. He chose the second, "says the source.
The federal law "On the prohibition of certain categories of persons to open and have accounts (deposits), keep cash and valuables in foreign banks located outside the territory of the Russian Federation, own and (or) use foreign financial instruments" was adopted by the State Duma on April 24, 2013 and signed by President Vladimir Putin in May 2013.
Advisor to the Minister
On August 5, 2013, the Ministry of Telecom and Mass Communications announced the appointment of Denis Sverdlov to the position of adviser to the head of the department.
"In the position of Deputy Minister, Denis Sverdlov did a significant amount of work, laid the foundations for modern reforms in the communications industry and will continue to participate in these reforms as an adviser to the head of the ministry," Nikolai Nikiforov said.
On November 11, 2013, CNews reported that Denis Sverdlov was completely leaving the Ministry of Communications. As Sverdlov himself later stated, he made this decision "for family reasons." Sverdlov did not name the future place of work, but said that this is not a civil service and not management work, but entrepreneurship.
2014: Rostec
After leaving the Ministry of Communications, Sverdlov went to work at Rostec, where he became a member or chairman of the boards of directors in a number of companies included in the state corporation.
Inclusion in the team "Kazan Iteshnikov"
In 2014, CNews included Denis Sverdlov in the Kazan Iteshnikov team, a group of officials, businessmen and top managers that formed inside and around the Ministry of Telecom and Mass Communications.
First version of the team (June 2014)
Second version (December 2014)
Chairman of the Board of Directors of Roselectronics
In September 2014, Denis Sverdlov was elected to the board of directors of the Roselectronics holding and appointed its chairman.
Earlier, the post of head of the Roselectronics SD was held by Vladimir Litvin, head of the department of corporate procedures and property complex of the State Corporation Rostec, who, as reported, successfully completed the integration of assets as part of the Roselectronics holding.
2015: England
In 2015, Denis Sverdlov took over as CEO of a London-based company Tatakoto developing an innovative personal blood analyzer.
In addition to Sverdlov, some former employees moved to Tatakoto, in Yota particular, ( Igor Torgova Sverdlov's successor as CEO of Yota, who left the company in 2014) and, Mikhail Sokolov Ex-chief information officer of Yota.
In March 2015, Sverdlov, according to the British register of legal entities, was one of the founders of the British company Charge R&D (later renamed Arrival), based on the Lotus F1 racing team and engaged in the development of electric vehicles.
In September 2015, it became known that Sverdlov founded the $500 million Kinetik venture capital fund.
Leaving the post of chairman of the SD "Roselectronics"
On June 29, 2015, a meeting of shareholders of Roselectronics was held, at which the board of directors was re-elected.
"Sverdlov is not in the new composition, the chairman will be elected within 20 days," the holding's official representative told TAdviser.
According to TAdviser, Denis Sverdlov wrote a letter of resignation from the post of Chairman of the Roselectronics SD back in January 2015 in connection with the transfer of his activities to the UK.
Whether he will retain posts in other companies owned by Rostec, the state corporation could not say. In particular, according to information as of June 2015, as an independent director, he is a member of the Board of Directors of the United Instrument-Making Corporation, is a member of the RT-Inform SD and heads the SD of the National Center for Informatization.
2021
Fortune - $9.8 billion
According to Forbes, at the end of March 2021, Denis Sverdlov's fortune after the release of his company Arrival Group on the stock exchange amounted to $9.8 billion. Read more here.
Sverdlov's salary at Arrival is £600 thousand a year
In August 2021, the well-known annual salaries of Arrival executives, including the founder and CEO Denis Sverdlov, became. The latter, in accordance with the employment contract signed on September 14, 2020, receives from the company £600 thousand per year.
This was reported in documents that Arrival provided to the US Securities and Exchange Commission (SEC). They specify that part of the salary is transferred to taxes and additional insurance. The employment contract does not provide for a salary increase.
The company pays the financial director of Arrival Tim Holbrow £220 thousand a year, President Avinash Rugoobur - £330 thousand a year. In addition to his annual salary, Rugoobur can spend up to £1,000 a month on a personal car. Under the terms of the agreement, Rugoobur is entitled to additional monthly contributions to the pension fund in the amount of 4% of the salary.
According to the document, Arrival chief lawyer Daniel Chin has a salary of £110 thousand per year, which in the future may be increased to £200 thousand.
In addition to salaries, top managers of Arrival receive remuneration in the form of shares. For example, Denis Sverdlov was given an option to buy 818 thousand securities, or 1.3% of the total number of shares outstanding. By August 11, 2021, the cost of such a package, based on the exchange rate of the company, is estimated at $11.2 million.
It is also reported that Rugobur acquired 889 thousand shares of Arrival (1.46% of their total), Chin - 299 thousand shares (0.5%), Holbrow - 176 thousand shares (0.3%).
By August 11, 2021, Arrival's market capitalization is measured at $8.4 billion. The main owner of the company is Denis Sverdlov, who, through the Kinetik trust, owns 76.4% of the shares.[7]
2022
Denis Sverdlov said he was no longer connected with Russia
Denis Sverdlov, founder and managing director of Arrival startup, during a public conference call with top managers and analysts on the company's financial results for the 4th quarter of 2021, held in March, assured that he has no ties with the Russian government, and that the company does not receive anything from Russia[8].
Sverdlov himself raised this topic to answer the existing concern about his connection with Russia: "I want to address concerts related to my nationality, you all know that I'm Russian, nationality." Most likely, Sverdlov here means that he has Russian citizenship. In any case, he does not mention the citizenship of any other country in his speech.
 | I am strictly against war or discrimination of any kind. I was born in Georgia and worked in Russia. My wife, three children and I left Russia in 2013, even before the case of Crimea, and I was then shocked. After two years in France, in 2015 we moved to London, where I founded Arrival, "Sverdlov said. |  |
I must say that this chronology does not coincide with how Sverdlov's career in Russia developed until 2015. After leaving the post of Deputy Minister of Communications at the end of 2013, in 2014 he became chairman of the board of directors of Roselectronics (part of the state corporation Rostec).
There is no block on the Arrival website about the company's team. However, it is known that together with Sverdlov, a number of persons who previously worked with him in the structures of the Ministry of Communications and Scartel (Yota brand) came to arrival at Arrival. Among them are former Deputy Minister of Communications Alexei Kozyrev, ex-deputy director of the e-government development department of the Ministry of Telecom and Mass Communications Alexander Pavlovich, former president of the IT company Maykor (was the only provider of technical support services for the then subordinate Ministry of Communications "Russian Post") Sergey Sulgin and others.
Sverdlov's departure from the post of deputy minister in 2013 occurred after the operator Megaphone"" bought the previously headed "Yota." One of the founders of Yota Albert Avdolyan turned out to be a co-owner of the public American company CIIG Merger, with which Arrival merged before the IPO[9]
In a conference call in March, the Arrival founder also noted that he has one desire - to make a significant global contribution, and that the company's mission is to make the air cleaner everywhere, to replace more conventional vehicles with electric-powered vehicles.
In March 2021, Arrival held an IPO on the American Nasdaq exchange. The company plans to develop its business and production facilities in Europe and the United States, focusing on electrified buses and vans at this stage.
Reduced wealth to $643 million
In 2022, Arrival shares fell by more than 90%, and Sverdlov's fortune by July 21 decreased to $643 million.
Leaving Arrival Group
On November 24, 2022, it became known that Denis Sverdlov, the former Deputy Minister of Communications of the Russian Federation, decided to leave the post of general director of the startup Arrival, which he founded, specializing in the creation of electric vehicles.
It is reported that the duties of the head of Arrival will be performed by Peter Cuneo, who since March 2021 has been the chairman of the company's board. He has extensive experience in management: in particular, he previously served as CEO and Vice Chairman of Marvel Entertainment, as well as President and CEO of Remington Products. It was under the leadership of Peter Cuneo that Marvel was sold in 2009 for about $4 billion to Walt Disney.
Denis Sverdlov, who previously decided to sell a 10% stake in Arrival amid the threat of bankruptcy, will take over as chairman of the board. startup It is also reported that on November 24, 2022, the president and head of the strategic department of Arrival Avinash Rugoobur resigned "for personal reasons." He will remain on the company's board, but Rexford Tibbens, a former chief operating officer Lyft and Arrival board member, will be responsible for strategic matters.
| | I am more committed than ever to ensuring the success of Arrival and will continue to act in the interests of the company, shareholders, customers, partners and employees, "commented Denis Sverdlov changes in the organizational structure of the startup. | |
In early November 2022, Arrival received a warning about possible delisting from the Nasdaq exchange. For the sake of improving the financial situation, the startup was forced to suspend the development of an electric bus and resort to the dismissal of some employees. The company is betting on the U.S. electric vehicle market.[10]
Family
Married since 1998. He brings up two daughters and a son.
Notes
- ↑ 1,0 1,1 1,2 [http://kommersant.ru/doc/1311781 Denis Lvovich
- ↑ Three secrets of Yota: how Yota Holding created a popular brand of communication services in a couple of years
- ↑ , Denis Sverdlov entered the rating of the most successful young entrepreneurs
- ↑ 4,0 4,1 [http://www.cnews.ru/news/top/index.shtml?2013/05/28/530119. Rating of officials of the Ministry of
- ↑ 5,0 5,1 5,2 [http://kommersant.ru/doc/1311781 Denis Lvovich
- ↑ of the Coordination Center of the National Internet Domain
- ↑ ARRIVAL GROUP, CALCULATION OF REGISTRATION FEE
- ↑ Arrival (ARVL) CEO Denis Sverdlov on Q4 2021 Results - Earnings Call Transcript
- ↑ The founder of Yota invested in the startup of the ex-deputy minister of communications.
- ↑ Arrival’s founder to step down as chief of electric vehicle start-up
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