Following the agreement to divest the Yandex business to the Dutch company Yandex NV, the leadership remains with Yandex executives, who will continue to steer day‑to‑day operations and critical decisions during the transition. The claim underscores a continuity of governance at the core of the company, even as strategic changes unfold under the new ownership framework.
A dedicated entity described as a “Manager Fund” has been established to oversee these governance responsibilities. This fund is endowed with special rights and veto powers that allow it to influence key decisions at both the Board of Directors and the general assembly level. The arrangement is designed to safeguard strategic alignment during the restructuring and ensure that the group’s long‑term objectives remain intact as ownership shifts are executed.
According to the official release, the fund will concentrate on matters that shape the company’s future direction. These include significant reorganization of the corporate group, approval of the annual budget, sanctioning major transactions, and potential amendments to the company Charter. Such measures are described as pivotal to maintaining stability and continuity for stakeholders while the transition proceeds.
In addition to the Manager Fund, a “Directors Fund” will have the authority to nominate two of the ten members who will compose the future Board of Directors of Yandex International Autonomous Okrug. This provision ensures that the governance structure retains an informed, experienced presence from within the broader corporate ecosystem during the early stages of the new ownership configuration.
The communication emphasizes that ordinary management processes will continue to operate within Yandex as before, even as the ownership change takes place. The new governance framework is presented as a source of confidence for investors, partners, users, and employees alike, signaling a commitment to the company’s ongoing growth and sustainability through the transition period. The emphasis on continuity aims to reassure stakeholders that core operations, product development, and service delivery will not be disrupted as strategic realignment unfolds.
From a financial standpoint, Yandex has reported that the Russian segment involved in the transaction has a substantial valuation, reflecting a combination of assets and ongoing business participation. The consortium of private investors and managers described in the deal structure is positioned to contribute capital and managerial expertise during the post‑transaction phase, with an eye toward preserving the company’s market position and competitive edge. The broader narrative notes that the divestment event is part of a broader strategic refresh, rather than a mere liquidation, positioning the company to pursue new opportunities and partnerships in the years ahead.
Earlier disclosures referenced a separate initiative related to a Yandex branded electric bike, which expanded the portfolio considerations around the company’s brand and product strategy. While this particular venture was highlighted in prior communications, the current emphasis remains on the governance and ownership reshaping that will define the company’s future trajectory across its international footprint. Ongoing product development and brand strategy are framed as integral elements of the broader plan to sustain growth and maintain stakeholder trust in a dynamic market landscape.