Date: 6 months ago   Category: Companies

MegaFon has denied information on resignation of the CEO of the company Soldatenkov


The MegaFon company has denied information on possible departure of its CEO Sergey Soldatenkov, it is told in the press release received by Lenta.ru. Thus, the facts presented in article of the Vedomosti newspaper have under themselves no reasons and aren't true. MegaFon notes that formulation of the question about Soladtenkov's leaving looks especially strange, in the context of the presented financial results of the company for the second quarter 2017. These data have been positively apprehended by investment community and shareholders of the company: stocks of the company after release of the reporting have risen 6,6 percent. Besides, service revenue and proceeds from mobile services have stopped decreasing for the first time for five last quarters. Also positive dynamics was shown also by OIBDA indicator for the first time for the last 7 quarters: it has increased by 3,6 percent year-on-year, also the subscriber base has grown. Profitability of business of the operator by results of a half-year remains rather high in the market. The chairman of the board of directors of MegaFon Ivan Streshinsky has noted that "shareholders are satisfied how the Company develops, and support her management and personally Sergey Soldatenkov". "Competent realization of the new strategy of the company by the management in the second quarter has allowed to develop negative trends of branch — a situation in business of the company and in the market has shown the first signals of improvement" — Streshinsky summarized. In addition, exactly under the leadership of Soldatenkov MegaFon has concluded historically important bargain on acquisition of a controlling stake of voting shares in Mail.Ru Group. Thanks to it the company has fulfilled the obligations to investors, and the general general dividends paid for 2016 have totally made 40 billion rubles. In communication by it in the press service of the company note that the assumptions of perhaps leaving of Soldatenkov MegaFon because of weak financial results of quarter are groundless. Including because the development strategy of the company till 2020 has been submitted only at the end of May, 2017, and she is implemented under the leadership of Soldatenkov. MegaFon notes that for resignation or change of the CEO of the company, a number of corporate procedures has to be observed, at least: the decision has to get approval of the board of directors and a meeting of shareholders. Following the results of activity of the Company in the second quarter 2017 of complaints it isn't received from shareholders. Business of MegaFon develops within financial forecasts, the management of the company is sure of the chosen strategy and feels safe.

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