Alrosa CEO Zharkov to be Replaced by Sergey Ivanov

Russia’s Deputy Prime Minister Yury Trutnev provided confirmation that Sergey Ivanov, currently the Senior Vice President of Sberbank, will replace Alrosa President Andrey Zharkov.

His comments were made to the TASS news agency on the sidelines of the Russian Investment Forum in Sochi.

Zharkov's resignation letter has been submitted and the decision on his replacement will be made at Alrosa's next supervisory board meeting to be chaired by Russia’s Finance Minister Anton Siluanov, according to Trutnev.