Russia’s Kudrin accepts position as adviser to tech large Yandex By Reuters

MOSCOW (Reuters) – Alexei Kudrin, who resigned as head of Russia’s Audit Chamber final week, mentioned on Monday he had accepted a proposal from know-how large Yandex (NASDAQ:) to grow to be an adviser on company growth.

Yandex final month introduced a evaluate of a doable sweeping governance overhaul that would depart its main enterprise items in Russia below new possession. Sources informed Reuters that Kudrin had been discussing the transfer to Yandex with President Vladimir Putin.

“Along with the administration staff, I’ll develop the company construction of the brand new holding firm, which is able to guarantee the corporate’s long-term and sustainable growth in all markets, together with worldwide ones,” Kudrin posted in his Telegram channel.

“One of many predominant duties is to assist protect Yandex’s distinctive administration and technological tradition, in order that it stays impartial and Russia’s finest IT firm, the place probably the most gifted individuals attempt to work,” Kudrin mentioned.

Yandex confirmed that Kudrin was becoming a member of the corporate.

A veteran of round 25 years in public service, Kudrin was finance minister for greater than a decade between 2000 and 2011, and whereas sustaining shut ties with Putin, Kudrin stored a comparatively low profile in his present position as head of the Audit Chamber, Russia’s public spending watchdog.