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Sberbank VP to be nominated as head of Russia’s top diamond maker Alrosa — Deputy PM

February 27, 13:24 UTC+3 SOCHI

Senior Vice President of Sberbank Sergey Ivanov will be nominated to replace Andrey Zharkov as President of Russia’s top diamond producer Alrosa

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SOCHI, February 27. /TASS/. Senior Vice President of Sberbank Sergey Ivanov will be nominated to replace Andrey Zharkov as President of Russia’s top diamond producer Alrosa, Russia’s Deputy Prime Minister and Presidential Plenipotentiary Envoy to the Far Eastern Federal District Yury Trutnev said on the sidelines of the Russian Investment Forum in Sochi on Monday.

"Sergey S. Ivanov," he said when asked who will be nominated to replace Andrei Zharkov as the company’s President.

As reported earlier Zharkov is leaving his position.

Trutnev said earlier on Monday that Zharkov had written a resignation letter and the decision will be made at the next supervisory board meeting, which will be headed by Russia’s Finance Minister Anton Siluanov.

Alrosa is a group of Russian diamond producers. It mines diamonds on the territory of the Republic of Sakha (Yakutia), the Arkhangelsk region and the African continent. In 2016, Alrosa’s production amounted to 37.2 mln carats. Diamond sales totaled 40.1 mln carats. The company expects production at the level of 39.2 mln carats for 2017.

The largest shareholders of Alrosa are the Russian Federation (33.02%), the Republic of Sakha (Yakutia) - 25%, uluses (districts) of Yakutia - 8%, and 34% of the company’s shares are in free float.

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