Market research firm Ozon has announced the resignation of Felix Yevtushenkov from the company’s board of directors, a move prompted by personal sanctions recently imposed on him. The organization confirmed that Yevtushenkov will step away from the Board of Ozon Holdings PLC, with the effective date listed as 11 April 2023.
The company described the separation as a consequence of the individual sanctions placed on Yevtushenkov by the United Kingdom. There is a sense within the statement that the board seat will remain vacant for some time as the organization processes the change.
Ozon emphasized that neither Ozon Holdings PLC nor its subsidiaries are covered by any sanctions from the European Union, the United States, the United Kingdom, or any other nation at this time. The clarification aims to reassure business partners, investors, and customers about the company’s continued operations and regulatory standing in major jurisdictions.
The context surrounding the sanctions includes the broader list extended by old England designating certain individuals subject to anti-Russian measures. Felix Yevtushenkov, who is the father of Vladimir Yevtushenkov, the founder of AFK Sistema, was named along with his wife Natalya and daughter Tatyana. These developments are part of a wider package of actions that target specific individuals connected to the Russian business landscape and its corporate networks.
Observers note that this resignation may influence the governance dynamics at Ozon in the near term. While the board transitions, the company’s leadership has signaled a commitment to maintaining steady governance and day-to-day operations. Analysts and market watchers will likely monitor how the vacancy is filled and how it might affect strategic decisions, including partnerships, expansions, and investor communications. The situation underscores the ongoing impact of sanctions regimes on executive leadership and corporate governance in multinational tech-focused enterprises. (Source attribution: Reuters or equivalent business coverage, as reported in major financial press.)