– RUSSIA, Moscow – Mail.ru Group Limited (LON:MAIL), today announces changes in the Board of Directors of the Company.
MF Technologies has nominated Boris Dobrodeev, Dmitry Sergeev, Alan Vaksman and Sergei Mednov as new Directors to the Board of the Company to replace Sergey Soldatenkov, Ivan Streshinsky, Anna Serebryanikova and Vlad Wolfson.
MFT has informed the Company that USM is no longer the ultimate controlling party of Mail.Ru Group and that as a result there is no single party controlling Mail.Ru Group via MF Technologies. There is no change in the ownership of MF Technologies.
Today MFT has also informed Mail.Ru Group that going forward the CEO (Russia) of Mail.Ru Group will be authorized to exercise the voting rights of the shares held by MegaFon and USM in MF Technologies. As such, MFT has also nominated Boris Dobrodeev and Dmitry Sergeev to the Board of Directors of Mail.Ru Group. Changes in the Board of Directors do not affect the Chairman of the Board Dmitry Grishin. This ensures the presence of three representatives of Mail.Ru Group on the Board of Directors.
Boris Dobrodeev is the CEO (Russia) of Mail.Ru Group; Dmitry Sergeev is the First Deputy CEO of Mail.Ru Group; Alan Vaksman, Deputy Chairman of the Board of Gazprombank, he has extensive experience in international companies; Sergei Mednov, Senior Vice President of Gazprombank, specializes in finance and technology.
Gevork Vermishyan, Executive Director of PJSC MegaFon: “We are pleased to provide our support of the management and the strategy of Mail.Ru Group by giving this strong vote of confidence in the management team. We believe that this will maximize the value of our stake in Mail.ru Group via our holding in MFT”.
Ivan Streshinsky, General Director of USM Management LLC: “USM has a long term track record of successful investment in the best technology companies globally. One of our key principles in this space was always to support the best management teams. Ultimately the value in these businesses is created by the talent, passion and hardwork of the people who create and power the products. We think that giving the Mail.ru Group’s team, represented by the CEO, the ongoing right to vote our shares in MFT we are giving the clearest sign of our backing for the team and its strategy. We do not anticipate any further changes in the structure of MFT”.
Boris Dobrodeev, CEO (Russia) of Mail.Ru Group: “We are very flattered and much encouraged by this very significant show of support from the shareholders. We are dedicated to continuing to create the best products for our users and build value for our shareholders and we look forward to welcoming Alan and Sergei to the board”.
About Mail.Ru Group
Mail.Ru Group, international brand My.com (MAIL.IL, listed since November 5, 2010) is the largest internet business in Russia in terms of mobile daily audience (Mediascope Mobile Index, population aged 12-64 in the cities 100,000+, August 2017, Russia).
In line with the communitainment (communication plus entertainment) strategy, the company is developing an integrated communications and entertainment platform. The company owns Russia’s leading email service and one of Russia’s largest internet portals, Mail.ru. The company operates three of the major Russian language social networks, VKontakte (VK), Odnoklassniki (OK) and Moi Mir (My World), and Russia’s largest online games, including such gaming titles as Warface, Armored Warfare, Skyforge and Perfect World. The сompany’s portfolio also includes a leading OpenStreetMap-based offline mobile maps and navigation service MAPS.ME, auto classifieds service Am.ru, instant messaging services ICQ, Agent Mail.ru and TamTam, a mobile location based marketplace Youla, and a ride-sharing service BeepCar.
The Company owns 100% of mobile games developer Pixonic, and 100% of Delivery Club and ZakaZaka, two largest food delivery companies in Russia. Mail.Ru Group also holds equity stakes in a number of small venture capital investments in various Internet companies in Russia, Ukraine and Israel.
For more information : https://corp.mail.ru/en
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