CEO of Yandex, known as ‘Russia’s Google,’ resigns following new EU sanctions and months of boardroom chaos – Business Insider India
- Arkady Volozh, CEO and co-founder of Russian tech giant Yandex, stepped down on Friday.
- His resignation came after the EU imposed sanctions on him.
Arkady Volozh, cofounder of Russian tech giant Yandex, has resigned as CEO and executive director of the company after the EU sanctioned him personally.
The company announced Volozh’s resignation in a press release published Friday. This makes Volozh the fourth member of Yandex’s board to step down in as many months.
Yandex is Russia’s largest tech company and has often been described as “Russia’s Google.” Wired reported in March the company’s search engine commanded a 60% share of the Russian search market.
The EU imposed sanctions on Volozh on Friday as part of its sixth round of sanctions against Russia.
The EU said in its sanctions list Volozh was “supporting, materially or financially, the Government of the Russian Federation” as CEO of Yandex, which it described as “the largest internet company in Russia.”
“Yandex is also…
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source: https://news.oneseocompany.com/2022/06/06/ceo-of-yandex-known-as-russias-google-resigns-following-new-eu-sanctions-and-months-of-boardroom-chaos-business-insider-india_2022060621175.html
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