EquityStory.RS, LLC-News: PJSC MegaFon / Key word(s): Personnel
PJSC MegaFon: Resignation of Director for IR and M&A
2019-06-17 / 19:59 MSK
The issuer is solely responsible for the content of this announcement.
*Resignation of Director for IR and M&A*
*Moscow, Russian Federation (17 June 2019)* - *Public Joint Stock Company
"MegaFon" (MOEX: MFON), a pan-Russian operator of digital opportunities
("MegaFon" or the "Company"), hereby announces that Mr. Dmitry Kononov is
resigning as Director for IR and M&A and as a member of the Company's
Management Board effective June 28, 2019 to pursue other career
opportunities. *
Mr Kononov intends to focus on the implementation of various strategic
projects within the USM Holdings Group. M&A business development will be
supervised by Alexander Sobolev, MegaFon's Chief Strategy Officer, Member of
the Board.
Dmitry Kononov joined MegaFon in September 2000 and took an immediate
leadership role in relation to the Company's financial functions. He served
as its first Chief Financial Officer from 2002 to 2004. He re-joined MegaFon
in December 2008 as Director for Mergers and Acquisitions, and was appointed
as the Director of Investor Relations in October 2012 in the lead-up to the
Company's IPO of its ordinary shares and global depositary receipts on the
Moscow Exchange and the London Stock Exchange, respectively, in November
2012.
During his tenure as Director for M&A, he was responsible for the
development of MegaFon's business through acquisitions. Mr. Kononov guided
such significant for the Company transactions as acquisitions of CJSC
Synterra, an integrated telecommunications services provider, NetByNet, an
operator of fixed-line broadband, digital TV and IP telephony businesses,
purchase of 50% stake in Euroset, the largest retailer of wireless equipment
in Russia, a 4G/LTE network operator Scartel / Yota, several assets of the
SMARTS group of companies, a controlling stake in Mail.ru Group Limited, and
many more.
Mr Kononov said: "After a long career at MegaFon, I have decided that it is
time for me to move on to pursue new opportunities outside the Company.
Today, I can say that I am leaving a solid company that has achieved the
status of the second largest mobile operator in Russia and is widely
recognized as an innovative player. I want to thank the Company's management
board, its business partners and its staff for the support that they have
given me during my tenure at MegaFon".
Gevork Vermishyan, CEO of the Company, commented as follows on the
resignation of Dmitry Kononov: "Over the years, MegaFon has undergone a
transformation from a classic mobile operator to a diversified digital
company. The Company completed its IPO and a subsequent delisting, and
conducted a considerable amount of transactions that allowed MegaFon to
expand its geographical footprint, establish a greater presence in non-core
areas, including the fixed-line broadband segment and new technologies, and
improve the Company's market share. We are grateful to Dmitry for his many
years of contribution to the development of the Company"
- end -
For More Information:
PJSC MegaFon
Media: Artem Lebedev Tel: + 7 925 696 0677 artem.lebedev@megafon.ru
Investors: Tel: +7 495 926 2012 ir@megafon.ru
*Notes to Editors*
*Notes to Editors*
*MegaFon PJSC* is a pan-Russian operator of digital opportunities, operating
in all segments of the telecommunications markets in Russia, and in the
Republics of Abkhazia, South Ossetia and Tajikistan. MegaFon is a recognized
market leader in the provision of mobile data services, was the first
operator in Russia to launch commercial operation of a third generation (3G)
network and was the first operator in the world to launch commercial
operation of an LTE-Advanced (4G) data network. Additional information about
MegaFon and the products and services provided by MegaFon can be found at:
http://www.megafon.ru [1].
*Cautionary Statement Regarding Forward Looking Statements*
Some of the information in this document may contain or refer to projections
or other forward-looking statements regarding future events or the future
financial performance of the Company. You can identify forward looking
statements by terms such as "expect", "believe", "anticipate", "estimate",
"forecast", "intend", "will", "could", "may", or "might" the negative of
such terms or other similar expressions. The Company wishes to caution you
that these statements are only predictions, and are based upon various
assumptions which are inherently subject to significant uncertainties and
contingencies which are difficult or impossible to predict and are beyond
our control. We may not achieve or accomplish these plans or predictions.
The Company does not necessarily intend to update these statements to
reflect events and circumstances occurring after the date hereof or to
reflect the occurrence of unanticipated events. Many factors could cause the
actual results to differ materially from those contained in projections or
forward-looking statements of the Company, including, among others, general
economic conditions, the competitive environment, risks associated with
operating in Russia, rapid technological and market change in the industries
in which the Company operates, as well as many other risks specifically
related to the Company and its business and operations.
2019-06-17 MSK Dissemination of a Corporate News, transmitted by
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826021 2019-06-17 MSK
1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=ef92790d0a6b4db8448eeb56ca25d5c2&application_id=826021&site_id=vwd&application_name=news
(END) Dow Jones Newswires
June 17, 2019 12:59 ET (16:59 GMT)
