Yandex co-founder Arkady Volozh bids farewell to employees – Yandex…

Yandex co-founder Arkady Volozh bids farewell to employees – Yandex…

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  • The co-founder of the Russian internet giant Yandex NV YNDXArkady Volozh, farewell to his employees before a corporate restructuring.
  • The reorganization could result in many of the company’s core services changing hands, Reuters reports.
  • Volozh resigned as CEO and left the board after the European Union accepted him onto their board Sanctions against Russian companies and individuals in June.
  • Volozh called the EU’s decision “misguided”.
  • “As you know, I haven’t been really involved in Yandex’s Russian business for a while, but this year I had to withdraw from the company entirely,” Wolozh is quoted as saying in the report.
  • In November, Yandex’s Dutch-registered holding company announced plans to divest ownership and control of most of the Yandex Group, including its main revenue-generating businesses.
  • The report also noted that the international divisions of Yandex’s self-driving technologies, cloud computing, data labeling and edtech are being developed independently of Russia.
  • “I hope to advise the four international startups that may develop independently of Yandex in the future,” Volozh said.



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