Fedor Andreev resigned.
Fedor Andreev decided to leave the presidency “ALROSA”, the press service of the company. About his decision, he said at a weekly meeting with the leadership of September 22. The report also said that Fedor Andreev retired from the position for health reasons.
The five-year contract with the presidential Fedor Andreev expired on July 14, 2014. However, he further remained president of the company, as the decision on the extension or termination of the powers had been taken, including the new members of the Supervisory Board. In this case, the republic’s leadership and staff of “ALROSA” advocated a renegotiation of the contract with Fedor Andreev for another five years, citing the high efficiency of its work in a rather difficult economic period, the implementation of strategic activities and the achievement of development results of leading companies. Although sounded and other points of view, so that Deputy Prime Minister Yuri Trutnev opposed the extension of the contract.
Fedor Andreev himself decided to leave the presidency in “ALROSA”, but at the same time, he will continue to participate in the Supervisory Board of . Acting President appointed the first vice president Ilya Ryaschin. Who will finally confirmed as head of the diamond giant, is still unknown.
The market reacted to the news of the resignation Andreeva instantly. Yesterday at 11.22 Moscow time, shares of the largest miners became cheaper by 2.76%. MICEX index thus declined by 0.2%, according to news reports.
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