Yandex Announces Appointment of Greg Abovsky as Chief Operating Officer
22 November 2017 - 8:45PM
Yandex (NASDAQ:YNDX), one of the largest European internet
companies and the leading search provider in Russia, has today
announced changes to its senior management team.
Greg Abovsky has been appointed Chief Operating Officer of
Yandex, effective December 1st, 2017. He will succeed Alexander
Shulgin, current COO, who has decided to leave the company. Greg
will continue acting in his current role as the company's Chief
Financial Officer. Arkady Volozh will remain Chief Executive
Officer of Yandex N.V.
“I am extremely grateful to Alexander Shulgin for his leadership
and major contributions to Yandex. Alexander initiated a series of
structural changes that positioned Yandex for long-term growth and
success. Yandex.Market, Auto.ru and Yandex.Taxi attained their
current leading positions because of the business unitization
efforts which Alexander initiated, and there are many more
promising experiments in the pipeline,” said Arkady Volozh. “Greg
Abovsky shares Yandex core values and a vision for growing the
Yandex ecosystem. Over the last five years, he has worked closely
with Alexander and I am confident that he is best positioned to
take Yandex forward.”
“Over the course of my seven years at Yandex, I have had the
pleasure to work with and learn from an extremely professional
team. I am deeply thankful to my colleagues for all their trust and
support,” says Alexander Shulgin. “Yandex has built an exciting
environment where employees are encouraged to innovate and
experiment. Yandex is thriving and the future for Yandex is bright.
While it is time for me to move on, I am confident that Greg will
do a great job as the COO. He is a brilliant professional and an
invaluable colleague who has a lot to give to Yandex.”
“I want to thank Arkady for the trust that he has placed in me
to take on this new role,” said Greg Abovsky. “I greatly enjoyed
working together with Alexander to foster growth and innovation at
Yandex, and I am excited to continue helping Yandex realize its
immense potential going forward.”
Greg Abovsky joined Yandex as its Vice President of Investor
Relations and Corporate Development in 2013. He was appointed Chief
Financial Officer in 2014, and, for the past few years, he has been
focusing on the company’s operations, as well as contributing to
the development of its services. Greg has over 14 years of
experience in a variety of finance and investment senior management
roles in the media and technology sectors. He holds a B.A. in
Business Economics and Russian Literature from Brown University and
an M.B.A. with High Distinction from Harvard Business School.
About YandexYandex (NASDAQ:YNDX) is a
technology company that builds intelligent products and services
powered by machine learning. Our goal is to help consumers and
businesses better navigate the online and offline world. Since
1997, we have delivered world-class, locally relevant search and
information services. Additionally, we have developed leading
on-demand transportation services, navigation products, and other
mobile applications for millions of consumers across the globe.
Yandex, which has 17 offices worldwide, has been listed on the
NASDAQ since 2011.
Contacts:
Media RelationsOchir Mandzhikov, Asya MelkumovaPhone: +7 495
739-70-00E-mail: pr@yandex-team.ru
Investor RelationsKatya ZhukovaPhone: +7 495 974-35-38E-mail:
askIR@yandex-team.ru
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