Yandex appoints Demyashkevich from X5 Retail as CFO

MOSCOW, May 19 (PRIME) -- Russian Internet company Yandex has appointed Svetlana Demyashkevich, former financial director at retailer X5 Retail Group, as CFO and Vadim Marchuk as COO from June 1, Yandex said on Wednesday in a statement.

“We are delighted to further strengthen our senior leadership team with the addition of Svetlana. She brings a wealth of experience in strategic financial management, investor relations and corporate finance and will be an excellent fit as we focus on further improving business efficiency and maintaining a disciplined approach to capital allocation”, Deputy CEO Tigran Khudaverdyan said.

“We are also extremely grateful to Vadim for helping to ensure a smooth transition following Greg (Abovsky)’s departure. As COO, Vadim will focus on many of our key growth initiatives, including enhancing the customer value proposition of our cross-platform products, as well as the growth of our new verticals, particularly FinTech,” he added.

Yandex also announced that Pavel Vlasov, former corporate development director of online classifieds service Avito, joins Yandex as vice president of corporate development and mergers and acquisitions and will be reporting to Marchuk.

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