© Reuters. FILE PHOTO: Russian internet group Yandex Chief Executive Officer Elena Bunina attends a session of the Moscow Financial Forum in Moscow, Russia September 6, 2018. REUTERS/Sergei Karpukhin/File Photo
(Reuters) -Elena Bunina is stepping down as chief executive of Yandex (NASDAQ:) 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.
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
For all the latest Business News Click Here
For the latest news and updates, follow us on Google News.
Denial of responsibility! NewsBit.us is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.
