Vladimir Yevtushenkov

Vladimir P. Yevtushenkov
Born 25 September 1948 (1948-09-25) (age 68)
Residence Moscow, Russia
Nationality USSR → Russia
Net worth US$ 3.0 billion (May 2016) [1]
Spouse(s) married
Children 2

Vladimir Petrovich Yevtushenkov (Evtushenkov) (Russian: Владимир Петрович Евтушенков; born 25 September 1948) is a Russian billionaire business oligarch. He is the majority owner, Chairman of the Board, Chairman of the Strategy Committee of Sistema PJSFC and member of the Board of Trustees of Sistema Charitable Foundation.

Early life

Yevtushenkov has master's degrees in chemistry (1973, from Mendeleev Chemical-Engineering Institute in Moscow) and economics (1980), and a PhD in economics (1986).[2] Yevtushenkov worked as an engineer at Karacharovo Plastics Works until 1982, and as chief engineer and first deputy general director of the Polymerbyt Scientific and Production Association until 1987, when he was appointed as the head of the Department of Science and Technology for the Moscow city government.[3][4]

Yevtushenkov resigned in 1993 to establish Sistema.[5]

Career

He is the major shareholder and Chairman of the Board of the Russian investment holding company Sistema. Sistema was an early shareholder in Russian mobile telecommunications pioneer VimpelCom, and sold its stake when the company was the first Russian company to list on the New York Stock Exchange in November 1996.[6] Yevtushenkov took Sistema public in February 2005, in a $1.35 billion IPO that was Russia’s largest ever at the time.[7] Today Sistema is the largest shareholder in MTS, Russia's largest telecommunications company.[8] Other major Sistema assets include children’s good retailer Detsky Mir,[9] pulp and paper holding Segezha Group , Russia’s largest chain of private healthcare clinics MEDSI[10] etc.

Currently, Yevtushenkov owns 64% of the total conglomerate.[11] In 2014, according to Forbes, he was Russia's 15th richest businessman with a fortune of around US$8.3 billion.

In 2009, Sistema purchased oil and gas companies in the Republic of Bashkortostan.[12] This would be the foundation of the oil and gas company Bashneft.

Bashneft and house arrest of Yevtushenkov

In September 2014 Russian investigators placed Yevtushenkov under house arrest, accusing him of money-laundering in connection with the acquisition of shares in oil producer Bashneft. 72% of Bashneft's shares were owned by Sistema. Sistema said it considered the accusations baseless.[13] In December 2014 as ruled by the Moscow Arbitration (Commercial) Court Bashneft was re-nationalised. Following the return of Bashneft to State ownership, in February 2015 the Moscow Arbitration Court awarded Yevtushenkov’s Sistema RUB 70.7 billion ($1.1 billion) in damages from the loss of Bashneft.[14] And in January 2016, all the accusations against him in connection with the acquisition of Bashneft has been dismissed as it was found that no crime had been committed.[15][16]

As of May 2016, Forbes estimated his net worth at US$3.0 billion.[1]

Personal life

He is married with two children, and lives in Moscow.[1]

References

  1. 1 2 3 "Vladimir Yevtushenkov". Forbes. Retrieved 23 May 2016.
  2. ↑ "Profile: Who Is the Arrested Billionaire Vladimir Yevtushenkov? | News". The Moscow Times. Retrieved 2015-12-03.
  3. ↑ Weaver, Courtney. "Vladimir Evtushenkov, Sistema chairman". Financial Times. ISSN 0307-1766. Retrieved 2015-12-03.
  4. ↑ "Stock Quotes & Company News | Reuters.com". www.reuters.com. Retrieved 2015-12-03.
  5. ↑ "Washingtonpost.com: Russia Special Report". www.washingtonpost.com. Retrieved 2015-12-03.
  6. ↑ "VimpelCom marks third anniversary of NYSE listing amidst record subscriber growth - VimpelCom". www.vimpelcom.com. Retrieved 2016-11-02.
  7. ↑ "Sistema's London listing is biggest Russian IPO". The Independent. 2005-02-15. Retrieved 2016-11-02.
  8. ↑ http://www.acm-consulting.com/news-and-data/data-downloads/doc_download/107-2q-2012-cellular-data.html
  9. ↑ TASS (2016-09-30). "Detsky Mir children's goods retailer maintains plans for IPO". Russia Beyond The Headlines. Retrieved 2016-11-02.
  10. ↑ Ellyatt, Geoff Cutmore, Holly (2016-09-22). "These are Russia's next boom industries that we're investing in: Sistema CEO". CNBC. Retrieved 2016-11-02.
  11. ↑ http://www.sistema.com/fileadmin/user_upload/results_disclosure/sistema_ar15_eng_shortversion_web.pdf
  12. ↑ "Bashneft Sustainability Report 2009" (PDF).
  13. ↑ "Sistema's Chairman, Vladimir Yevtushenkov, Under House Arrest - ROGTEC". ROGTEC. 2014-09-17. Retrieved 2016-11-02.
  14. ↑ "Sistema Wins $1.1 Billion Claim Against Seller of Bashneft". Bloomberg.com. Retrieved 2016-11-02.
  15. ↑ "Criminal case against Vladimir Evtushenkov dropped - RNS - London Stock Exchange". www.londonstockexchange.com. Retrieved 2016-11-02.
  16. ↑ "Russian Oligarch Yevtushenkov Cleared of Charges in Bashneft Case". Retrieved 2016-11-02.
This article is issued from Wikipedia - version of the 11/3/2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.