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Putin makes management reshuffle in state-owned foreign economic activity bank

Russian president appointed a new Chief Executive who is now joined by a deputy CEO

Sergey Gorkov Pavel Smertin/ITAR-TASS

Sergey Gorkov

© Pavel Smertin/ITAR-TASS

MOSCOW, February 26. /TASS/. Russian President Vladimir Putin appointed Sergey Gorkov to the office of the Chief Executive of state-owned VEB development bank (Vnesheconombank) by his decree on Friday. Ex-chief executive Vladimir Dmitriev was relieved from his position by the presidential decree.

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Chief Executive of Russia’s VEB Bank Vladimir Dmitriev steps down — source

Senior Vice-President and Member of the Executive Board of Russia’s top lender Sberbank Nikolay Tzekhomskiy will take up the post of Deputy Chief Executive of the bank, a source close to VEB told TASS.

"Tzekhomskiy will be appointed deputy to Sergey Gorkov," the source said.

Tzekhomskiy has been part of Sberbank team since 2012, currently serving as Senior Vice-President and Director of the Finance Department.

Prior to Sberbank, he held key positions in Barclays Bank, VTB, MTS, Mobile TeleSystems, Renaissance Capital Investment Group.

Vnesheconombank is wholly owned by the Russian Government. The Supervisory Board of the Bank is headed by Prime Minister Dmitry Medvedev.

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