Business news from Ukraine

Business news from Ukraine

Twitter has new CEO

Twitter owner Ilon Musk said Friday that Linda Iaccarino, who was previously head of advertising at U.S. media corporation NBCUniversal, has become the company’s new CEO.
“I am pleased to welcome Linda Iaccarino as Twitter’s new CEO,” Musk wrote on Twitter.
He added that Iaccarino will focus primarily on business processes, while he himself will focus on “product design and new technology.”
Earlier on Friday, NBCUniversal announced that Linda Iaccarino was leaving her post at the company.
Musk himself had announced the day before that he had found a new head for the social network he bought.
Musk and Iaccarino recently appeared together at a conference in Miami, where they gave a keynote speech entitled “Twitter 2.3: From Conversations to Partnerships.”
Musk bought the microblogging service for $44 billion last year. The deal, announced in April, was not closed until late October after lengthy litigation between the parties.

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Ferrexpo CEO quits company

Ferrexpo CEO Jim North has unexpectedly decided to leave the company after leading it for three years, beginning in 2020.
According to a stock exchange report Tuesday, Jim North announced he is stepping down as CEO and executive director of the company after nine years with the group to pursue other opportunities.
It clarifies that North will step down as CEO after an orderly management transition process beginning June 30, 2023. Ferrexpo announced North’s appointment as acting CEO on May 18, 2020.
North will leave the company’s board of directors following the conclusion of its annual general meeting on May 25, 2023, and will also step down as a director of various group subsidiaries.
“As a result, Resolution No. 10 of the upcoming annual general meeting (which represents a resolution to re-elect Mr. North as a director of the company) will be withdrawn and will not be voted on by shareholders at the annual general meeting,” the press release states.
It is also reported that Lucio Genovese, chairman of the board, will serve as interim executive chairman and will assume leadership of the group beginning July 1, 2023.
In addition, the Board of Directors announced the appointment of Ferrexpo Chief Financial Officer (CFO) Nikolai Kladiev as executive director of the company, effective at the conclusion of the upcoming annual general meeting of shareholders. Kladiev joined Ferrexpo in 2005 and has been a member of the group’s executive committee since 2007. He was appointed CFO of the group in July 2021.
Lucio Genovese thanked North for his significant contributions to Ferrexpo over the past nine years and for his role in guiding and shaping the group’s strategy since he became chief executive in 2020. “Jim was appointed as CEO at a time when we were focused on accelerating growth, leading Ferrexpo’s decarbonization plans and further cultural development within the business. However, given the situation in Ukraine with the ongoing war and uncertain outlook, we have had to slow down our growth programs, and the CEO’s focus inevitably shifts to ensuring business continuity and operational sustainability,” Genovese said.
Earlier, Fiona MacAulay, a non-executive director of Ferrexpo plc, a British mining company with assets in Ukraine, announced her intention to leave the group after the 2023 annual general meeting in connection with her appointment as a non-executive director of Dowlais Group Plc, which has become a public company. Fiona MacAulay is currently a senior independent director and a non-executive director of the company.
Even earlier, Ferrexpo’s independent non-executive director, Ann-Christin Andersen, declined to run for the company’s next board in May 2023. “Independent non-executive director Ann-Christin Andersen has notified the board that she will not run for re-election at the company’s next annual general meeting in May 2023,” Ferrexpo’s annual report reported.
Ferrexpo is an iron ore company with assets in Ukraine.
Ferrexpo owns 100% of Yeristovsky GOK LLC, 100% of Poltava GOK PJSC and 99.9% of Belanovsky GOK LLC.

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JTI Ukraine has a new CEO

The meeting of shareholders of the tobacco company “JTI Ukraine” (JT International Company Ukraine, Kyiv) decided to satisfy the application for resignation from the post after September 30 of its current CEO Paul Holloway, instead of him Svetlana will be appointed for two years Sharamok.
The shareholders made the corresponding decision on September 20, follows from the company’s message on the information disclosure system of the National Central Design Bureau of Financial Markets.
It is specified that Holloway took office as CEO of JTI Ukraine on January 1, 2018 and will leave it on September 30. In turn, Sharamok was accepted to the specified position for a period of two years – from October 1, 2022 to October 1, 2024.
According to JTI, from April 2021 to September 2022, Sharamok worked as the marketing director of JT International Company Ukraine, and she also held the position of country manager for the Caribbean region at JTI Corporation.
“JTI Company Ukraine” is part of the international group of companies Japan Tabacco Inc. (JTI). In Ukraine, she owns the Kremenchug tobacco factory (Poltava region).
The most famous brands of “JT International Ukraine” are Sobranie, Winston, Camel, Glamor and LD.
Products are sold in Ukraine and were exported to 22 countries before the war.

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ONLINE MEDICAL HUB DOC.UA CHANGES ITS CEO

The online medical hub Doc.ua has appointed its CEO Garry Andreasyan, who replaced Serhiy Kazantsev, according to a press release of the company.
According to it, Kazantsev will continue to work as a member of the company’s board and will be engaged in the development of an online medical hub and its international expansion.
It is indicated that Andreasyan, who replaced Kazantsev as the CEO, has held the position of the Chief Operating Officer (COO) at Doc.ua since May 2020 and is a shareholder of the company.
Among his important goals as the CEO are the implementation of innovative technologies and the expansion of the company’s product line.
Previously, Andreasyan worked in executive positions at Allianz Ukraine and the Effective Investments Group. He is the founder of several projects in the field of HoReCa, two innovative startups and a mentor of SingularityU Kyiv Chapter.
“Digitalization, convenient and safe access to medical services can not only improve the quality of life of people, but also make it longer. The online hub Doc.ua is the future of digital medicine in Ukraine and many leading countries of the world. We are building a convenient medical ecosystem, which is already now demonstrates high efficiency,” Ihor Liski, the strategic investor of Doc.ua, said.
The press release said that under the leadership of previous CEO Kazantsev, the service has become the country’s largest medical hub and has gone international, opening offices in six countries. More than 1.5 million Ukrainians use the Doc.ua service every month.
“Having raised significant investments into the project, we were able to create not only an information guide for finding doctors and making appointments, but an entire ecosystem. Now Doc.ua has become the only convenient entry point in healthcare sector for our clients. I am convinced that the project expects even greater development, because it is capable of starting a revolution,” the press service said, citing Kazantsev.
Doc.ua is an online medical hub, founded in 2014, which provides services for: audio consultations, calling a doctor at home, delivering drugs or making an appointment with a medical specialist. The Doc.ua database contains more than 34,000 doctors and more than 2,600 medical institutions throughout Ukraine, 700 diagnostic centers and laboratories, and 2,000 pharmacies.

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IBM GETS NEW CEO IN UKRAINE

IBM Corporation (the United States) has appointed Bohdan Khoroschak new director general of the company in Ukraine from August 13, 2019, according to the website of the company. “I am very pleased to be able to scale my experience in IT services for the benefit of IBM customers throughout the ecosystem in Ukraine. They increase business efficiency by implementing the most advanced solutions, taking advantage of open source technologies and multi-cloud environments,” the company quotes Khoroschak as saying.
Khoroschak has been working in IT-industry for 14 years. He deals with business development, sale management and consulting.
In 2012, Khoroschak appointed as IBM’s trade representative in Ukraine. Through 2014-2015, he became head of corporation’s software department; within 2015-2017 he chaired section of digital sales and updating of software licensing in the states of Central and Eastern Europe; and since November 2017 and until nowadays he managed technical service department in Ukraine.
His predecessor Valeriy Shliakhov held the post since January 2018.
IBM is an American company headquartered in Armonk. It is one of the world’s largest manufacturers and suppliers of hardware and software, as well as IT and consulting services.

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METRO CASH & CARRY UKRAINE GETS NEW CEO FROM GERMANY

Tino Zeiske, who previously held the position of Global Director for Talent Management and Recruitment at Metro AG (headquartered in Dusseldorf, Germany), has been appointed new CEO of METRO Cash & Carry Ukraine LLC (Metro C&C, Kyiv).
“Tino Zeiske will be the new CEO of METRO Cash & Carry Ukraine from October 1, 2019, or earlier, depending on the time frame for obtaining a work permit,” the retailer’s press service said.
Olivier Langlet, who has held the post of CEO at METRO Cash and Carry Ukraine, since April 2019, has been appointed CEO of MAKRO Cash & Carry (the Czech Republic) within Metro AG, it said.
“From October 1, 2019, Olivier will be fully responsible for the activities of MAKRO, the Czech Republic,” it said.
METRO Cash & Carry Ukraine was founded in 2003. It consists of 23 METRO shopping centers in the largest cities of Ukraine, namely Kyiv, Vinnytsia, Zhytomyr, Poltava, Lviv, Rivne, Ivano-Frankivsk, Chernivtsi, Kryvy Rih, Mariupol, Zaporizhia, Dnipro, Kharkiv, Odesa and Mykolaiv, and also two wholesale outlets in Ternopil and Lutsk.

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