Aeroflot has changed its CEO

Previous CEO Mikhail Poluboyarinov left his post after he fell under sanctionsEU. RBC sources previously named Aleksandrovsky as the main candidate for the position

The Board of Directors of Aeroflot approved Sergey Aleksandrovsky as the CEO of the company. The meeting of the Council was chaired by the Minister of Transport of RUSSIA Vitaly Savelyev.

The report following the meeting of the council (available to RBC) says that Aleksandrovsky was appointed deputy general DIRECTOR of Aeroflot in early March, before that he headed a subsidiary, the Rossiya airline. it is noted that in Rossiya, under his leadership, an updated business model of the airline was implemented, aimed at "development of the connectivity of regions by air traffic and the creation of a center of competence for the operation of domestic aviation equipment on the basis of the airline."

Also, Deputy General Director, flight director Eduard Sovetkin was approved as a member of the board of Aeroflot PJSC, and Andrey Panov, the author of the strategy of the group and its subsidiary Pobeda, was expelled due to his dismissal from the company.

In addition, Aeroflot's board of directors decided not to declare or pay dividends for the 2021 financial year "due to the group's loss." “The failure to meet certain indicators is due to CORONAVIRUS restrictions on international airlines,” the airline said.

The United States imposed EXPORT sanctions against Aeroflot, Utair and Azur Air Politics

On March 10, RBC sources in the Aeroflot group said that CEO Mikhail Poluboyarinov decided to resign. The interlocutors noted that it was Aleksandrovsky who would take his place. Poluboyarinov can go to the Russian Post, RBC sources said. The departure of the top manager may be due to the fact that "in the current prevailing conditions of external restrictions, a revision of the company's strategy itself is possible," said an interlocutor close to the Aeroflot group. It is also possible that all three airlines of the group will be merged into one.

Read on RBC Pro Pro Closer to the ground: as an importer of goods from CHINAto Russia bypass sanctions Articles Pro x The Economist "Soft Landing":Can the Fed Avert an Economic Crisis Pro Articles Dialogue Needed:how product manufacturers respond to sanctions Articles Pro Where to transfer advertisements from closed social networks InstructionsPro Planes no longer fly: what to do with business trips and vacations Instructions Pro Gas for rubles:how this scheme will change the economies of Russia and the EU Articles Pro How the development of surgical instruments made an immigrant a billionaire Articles ProThe Biggest Selloff in Stock Market History: How to Take Advantage of Ithow to use it Articleshow to use it Articles

Before that, on March 4, the general director of Pobeda Andrey Kalmykov resigned. “I made the difficult decision to leave our project. <...> I am staying in Russia and will develop other projects where I can be more useful under the current conditions,” he wrote in a letter to the team. The next day, flight director Konstantin Tarasov left the company.

On March 9, the European Union expanded the sanctions list by adding the names of 14 Russian entrepreneurs and top managers, including the former HEAD of Aeroflot, Poluboyarinov. On April 7, the US imposed export sanctions against Russian airlines, including the Aeroflot group. In addition, back in early March, the US and the EU closed the skies for Russian aircraft, and later the US Department of Commerce banned 173 aircraft used in Russia.