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Will Usmanov Leave Gazprom?
October 16, 2014 07:20


The fact that Usmanov quitted as general director of “Gazprom Investholding” (a subsidiary of “Gazprom”), was announced today by the company itself.

The application of Usmanov for resignation was met on October, 13, as the press release says. Usmanov has topped the list of the richest Russians by Forbes during last three years, the magazine estimated his fortune at $ 18.6 billion, according to the results of the last year. The basis of his wealth consists of 48% of stake in the company USM Holdings, combining the assets of Usmanov and his partners in the mining and metal industries (“Metalloinvest”), telecommunications (“MegaFon”, “Euro”), the Internet (Mail.Ru Group and DST Global), television (“YUTV Holding”). Usmanov managed to maintain leadership among the richest Russian businessmen in the recent yeasr due to his successful investments in the shares of Internet companies - Facebook, and others.

But Usmanov started to work with “Gazprom” when he was not a billionaire. Businessman headed “Gazprom Investholding” in 2000, when the gas concern was led by Rem Vyakhirev. It is unknown what the billionaire engaged in with “Gazprom Investholding” recently. There has been no work worthy of Usmanov in “Gazprom Investholding” for long, a source in “Gazprom” says. Nevertheless, the concern extended the contract with Usmanov in 2012 for another three years, until February, 2015. “As long as I am needed, I’ll be in “Gazprom”: you cannot forget those who once helped you, who believed in you” - Usmanov said in an interview with Forbes in the same year.

The businessman explained his today’s resignation with his earlier decision to depart from the operational business management and devote more time to charity. The position of CEO will be taken by Evgeniy Shadrin who previously headed “Factoring Finance”, the subsidiary company of “Gazprom Investholding”.

Author: Anna Dorozhkina

Tags: Usmanov Gazprom    

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