German Gref will work on "Yandex". The head of Sberbank will protect interests of the searcher

Shareholders of "Yandex" elected the chairman of the board of Sberbank German Gref in board of directors of the company


Shareholders of "Yandex" elected the chairman of the board of Sberbank German Gref in board of directors of the company. At a new position it will defend interests of "Yandex" before the officials who are engaged in state regulation of the Internet.

The chairman of the board and the president of Sberbank German Gref were included into board of directors of "Yandex", is told in the official statement of the company following the results of the annual meeting of shareholders held on May 21, 2014. German Gref became the careless director of the company the next three years, up to general shareholder meeting in 2017. Besides, shareholders of "Yandex" re-elected in board of directors of the chairman Alfred Fenoti, the executive director Arkady Volozha and careless directors Elena Ivashentseva and Roger Rinya. Thus in board of directors John Boyton, Esther Dayson, Alexander Voloshin and Charles Ryan continue to work.

In board of directors of "Yandex" it became known of promotion of the candidate of German Gref at the beginning of May, 2014. The representative of "Yandex" said earlier "Kommersant" that examination of mister Gref will be useful to the solution of lobbist tasks which arise before the Internet companies in the course of legislative regulation of branch. German Gref already spoke out in defense of electronic payment systems when in January, 2014 scarified the law on regulation of online payments. And recently "Yandex" had a new call. Last April Vladimir Putin declared expediency of transfer of servers of the Russian Internet companies from abroad to Russia. Then the Russian President told that "Yandex" began as the project with the western influence. Exchange quotations of "Yandex" fell on the same day to 6%.

The Savings Bank cooperates with "Yandex" since September, 2009 when the bank became the holder of a "gold" action of the searcher. It is the instrument of protection of interests of the state which allows Sberbank to block transactions on change of the owner more than 25% of actions of "Yandex". In December, 2012 the Sberbank for 60 mln. dollars got 75% of authorized capital of payment system "Yandex. Money"; 25% remained at "Yandex".



Maria Kolomychenko
Businessman
 No. 90 of 28.05.14