Russia's Yandex head steps down two weeks early
Reuters
Published Apr 02, 2022 09:08AM ET
Updated Apr 02, 2022 10:10AM ET
(Reuters) -Elena Bunina is stepping down as chief executive of Yandex (NASDAQ:YNDX) LLC, Russia's biggest technology company, some two weeks before her tenure is due to expire on April 15, the company said on Saturday.
"Elena Bunina is leaving (her) positions of CEO and HR director at Yandex LLC, it was her personal decision," Yandex's press service said in an email. It said Artem Savinovsky, a senior manager at the company, had been appointed acting CEO.
No further details were given of reasons for the move, which is the second recent high-level departure from Yandex, which builds intelligent products and services powered by machine learning.
Last month, Tigran Khudaverdyan stepped down as executive director and deputy CEO at Nasdaq-listed Yandex NV, Yandex LLC's parent which is registered in the Netherlands, after the European Union included him and a group of Russian businessmen on a sanctions list over Moscow's "special military operation" in Ukraine.
Khudaverdyan was sanctioned in the EU as an individual. Neither Yandex NV nor any of its subsidiaries have been sanctioned by the United States, EU or Britain.
In its statement announcing the departure on March 15, the company said Bunina would continue as general director of Yandex LLC, its principal operating subsidiary, until April 15.
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.