Mikhail Shamolin Steps Down As CEO of Russia's MTS With Immediate Effect

Published on: 1st Jan 1970: 1:33am

­In a surprise move, Russian mobile network operator, MTS has changed its CEO. The current boss, Mr. Mikhail Shamolin is stepping down from the role as he is expected to be appointed to the position of President and CEO of Sistema at its board meeting tomorrow. Sistema is the controlling shareholder in MTS.

Shamolin is being replaced by the current head of MTS Ukraine, Mr. Andrei Dubovskov who takes up the role with immediate effect.

Mr. Dubovskov joined MTS in 2004 as head of the Company's operations in Nizhny Novgorod. In 2006, he went on to become head of Macro-region Ural. In the beginning of 2008, Mr. Dubovskov became Head of Business Unit MTS Ukraine, the Company's second largest business unit in terms of revenues.

Mr. Ron Sommer, Chairman of the Board of Directors of MTS, commented: "We are grateful to Mikhail for the tremendous amount of work he put in and the results that were achieved under his leadership. He was instrumental in making MTS into an integrated player through the implementation of the 3i Strategy. The Board has full confidence that Andrei will continue Mikhail's undertakings in executing on the strategic priorities of the Company as it looks to extract further growth from the Russia and CIS markets of operation. Andrei's wealth of experience in the telecommunications industry and at MTS itself provides him with the necessary skill set to take MTS to even greater heights. On behalf of the Board, I welcome Andrei to his new position."

Following Mr. Dubovskov's appointment, Mr. Vasyl Latsanych, the Chief Marketing Director of Business Unit MTS Ukraine, is the acting Head of Business Unit MTS Ukraine.

Sistema is 62% owned by the Russian business oligarch Vladimir Yevtushenkov.

 

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