QIWI plc (NASDAQ: QIWI) (MOEX: QIWI) (“QIWI” or the “Company”), a leading provider of next generation payment and financial services in Russia and the CIS, announced the appointment of Alexey Mashchenkov as Chief Financial Officer (CFO) .
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Alexey will be responsible for all the sets of issues related to the Company’s financial operations, investments, strategy, capital allocation and M&A. Alexey will take over the responsibilities of interim CFO, Elena Nikonova and report directly to CEO of the Group, Andrey Protopopov. Elena will continue to serve as Deputy CFO for Corporate Finance.
Alexey is a seasoned CFO having experience with both private and public companies and a track record of successful financing, M&A and restructuring transactions. Alexey started his career as a consultant at PricewaterhouseCoopers and Bain & Co, and has over 20 years of experience in a variety of finance and investment management roles. Prior to joining QIWI, Alexey served as Deputy CEO of Russian Fishery and earlier worked as Group CFO of Russian Standard Corporation, a holding company with investments in banking and insurance. From 2008 to 2012 he was Country Manager at Alpcot Capital Management, an emerging market focused asset manager, and served as CFO of Alpcot’s portfolio company Agrokultura.
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Alexey graduated from St. Petersburg State University and holds an MBA from INSEAD. He is a member of the Association of Chartered Certified Accountants and holds the CFA Institute’s Investment Management Certificate.
Andrey Protopopov, CEO of QIWI, commented:
“On behalf of the Board and management of QIWI, I am delighted to welcome Alexey to the Group. He joins at an important stage in the development of QIWI and we are confident he will make a significant contribution to the future success of our business.
I also would like to reiterate our thanks to Elena for stepping into the Interim CFO role, her continued contributions to the Company and commitment to ensure a smooth transition of responsibilities.”
Alexey Mashchenkov, CFO of QIWI, commented:
“QIWI is a unique company, one of pioneers of fintech industry in Russia, able to unlock plenty of opportunities for growth in the new economy. Moreover, QIWI unites remarkable and likeminded professionals, so I am very happy to join the team. I share Company’s mission, its values, customer-centric approach and orientation on profitable growth.
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