On 15 May Alexander Vinokurov leaves the post of A1 President, and Andrey Tyasto will lead the company
Alexander Vinokurov leaves the company to head his own business, Marathon Group. The leadership of A1 will be taken over by Andrey Tyasto, who previously held the position of the company’s Managing Director.
‘Alexander Vinokurov is a capable and ambitious manager who injected new blood into A1. We are pleased with the joint work, the company has made a significant breakthrough, and this is evidenced by the quality of the portfolio and financial statements’, Chairman of the Supervisory Board of Alfa Group Consortium Mikhail Fridman said.
‘We are grateful to Alexander for his attitude to work, motivation and dedication. We are honestly satisfied with the results achieved. A1 strengthened its market position and regained the ability to carry out complex transactions. We will support Alexander in his plans and believe that we will have joint partnership projects in the future’, Member of the Supervisory Board of Alfa Group Consortium German Khan said.
Prior to joining A1, Andrey Tyasto headed the Barkley Corporation for three years, from 2007 to 2012 he was the Managing Partner at the Sminex development company, and from 2002 to 2007 he was holding the position of Senior Partner and Vice-President at the Rosbuilding Group.
‘I am grateful to the shareholders of Alfa Group for the opportunity to take over the company management. We have the same understanding of strategic goals and a common vision for further steps aimed at developing the business. The market, in which A1 operates, has great prospects, and we will be able not only to maintain our leadership but also break new ground’, Andrey Tyasto commented.
A1 is a key investment unit of Alfa Group, one of the largest private financial and industrial consortia in the country. A1 is a leading expert in addressing multifaceted economic and corporate issues. The company is capable of implementing all types of investment projects with high efficiency including crisis management and settlement of special situations. It was founded in 1989.
The A1 activities are aimed at creating sustainable competitive companies, building an effective corporate governance system and creating new businesses. A1 projects gave an impetus to Alfa-Bank (Russia), TNK, VEON Ltd. (formerly VimpelCom), Perekrestok and Rosvodokanal which later became not only the strategic business areas of Alfa Group but also iconic assets for the entire Russian economy. Since 1989, the total value of assets in the A1 portfolio has exceeded $ 50 billion.
A1 is one of the leading investment businesses in Russia and the CIS. It focuses on investments in companies facing financial difficulties and engaged in corporate conflicts. Alfa-Bank (Russia), TNK, VEON Ltd. (previously VimpelCom), Perekrestok (part of X5 Retail Group) and Rosvodokanal Group were originally A1 projects that later became strategic businesses for Alfa Group as well as core companies for the wider Russian economy.