(Benzinga Lightning Feed Via Acquire Media NewsEdge) Yandex (Nasdaq: YNDX) has today announced changes in its senior management team.
Alexander Shulgin, currently the group's Chief Financial Officer, has been appointed Chief Operating Officer of Yandex's Russian business, effective September 1. In his new role, Mr. Shulgin will be the principal executive in charge of operations of Yandex's Russian business.
Greg Abovsky will be promoted to Chief Financial Officer to replace Mr. Shulgin, also effective September 1.
Arkady Volozh will remain the Chief Executive Officer of Yandex N.V., the holding company managing the entire Yandex Group, with overall responsibility for the development of Yandex products both in Russia and abroad.