print version 

Find company
Home About the ProjectContact usFor the Clients
Enter code or ISIN
alpha / industry search

Issuers' Corner
Press Releases
Annual Reports Library

Financial Statements
SEC & FFMS Filings
Corporate Presentations
GM Materials
Issues Documents
Corporate Governance Materials
Russian Company Guide
Company Profiles
Corporate Calendar
Markets Corner
Consensus Estimates
Media Corner
News Line

Get updates

Home  Issuers' Corner  Press Releases  Financial Corporation "Sistema" REGISTER LOG IN

Press Releases > Financial Corporation "Sistema"  all about the company

company search
all press releases
all Financial Corporation "Sistema" press releases

Financial Corporation "Sistema"

April 18, 2020

Sistema announces appointment of new CEO

Moscow, 18 April 2020 – Sistema PJSFC (hereinafter, “Sistema” or “the Corporation”) (LSE: SSA, MOEX: AFKS), a publicly traded diversified Russian holding company, announces that Vladimir Chirakhov, Chairman of the Board of Directors of Detsky Mir, has been appointed President and CEO of Sistema. In accordance with the decision of the Board of Directors of Sistema, Vladimir Chirakhov’s appointment is effective as of 20 April 2020. Andrey Dubovkov, who previously served as President and CEO of Sistema, has been elected Deputy Chairman of the Board of Directors of Sistema.


Vladimir Chirakhov joined Detsky Mir in March 2012. From October 2012 till April 2020 he served as CEO of Detsky Mir. On 3 April 2020 he was appointed Chairman of the Board of Detsky Mir. From 2009 till 2012 he served at retail chain Korablik in various roles, from commercial director to CEO. From 2001 till 2009 Vladimir worked in the leading retail companies Partiya-Electronics, M.Video and Lindex.

In 1996 Vladimir graduated from the Federal Security Service Academy with a degree with honors in applied mathematics. In 2000 he completed studies under programme “Systems Analysis and Business Management” in the Moscow International Higher Business School MIRBIS. In 2001, he received a degree with honors in management from   the Academy of National Economy under the Government of the Russian Federation. In 2013 Vladimir completed Executive MBA programme in the Moscow School of Management Skolkovo.

In March 2020 Vladimir Chirakhov was awarded the Order of Friendship by a Decree of the President of the Russian Federation.



Sistema PJSFC is a publicly traded diversified Russian holding company serving over 150 million customers in the sectors of telecommunications, high technology, financial services, retail, paper and packaging, agriculture, real estate, tourism and medical services. The company was founded in 1993. Revenue in 2019 was RUB 656.9 billion; total assets equalled RUB 1.3 trn as of 31 December 2019. Sistema’s global depositary receipts are listed under the “SSA” ticker on the London Stock Exchange. Sistema’s ordinary shares are listed under the “AFKS” ticker on the Moscow Exchange. Website:

For further information, please visit or contact:

Investor Relations

Nikolai Minashin

Phone: +7 (495) 730 66 00

Public Relations

Sergey Kopytov

Phone: +7 (495) 228 15 32



Search by industry

Agriculture, Foresty and Fishing | Chemicals | Engineering | Ferrous Metals | Financial, Insurance & Real Estate | Food & Kindred Products | General Construction | Information Technology | Media & Publishing | Non-Ferrous Metals | Oil & Gas | Pharmaceuticals | Power Industry | Precious Metals and Diamonds | Telecommunications | Transportation | Wholesale & Retail Trade

Search by alpha index


Site Map
Privacy Statement | Disclaimer