Ivan Tavrin was stepping down as CEO of MegaFon

Ivan Tavrin is leaving the post of General Director of mobile operator MegaFon, announced on 21 April the newspaper “Vedomosti” with reference to two sources, close friends with the top Manager. This information was confirmed by a source close to the holding USM Holdings (controls more than 56% of shares of MegaFon), and familiar Tavrina.

The representative of the press service of “MegaFon” reported that the company “does not comment on rumors”. The USM representative declined to comment. Contact Tavrinym at the time of publication of the material failed.

A source close to USM, earlier it was told that they had heard about the impending resignation of Tavrina. He clarified that the decision must be approved by the Board of Directors of the company personally and a major shareholder Alisher Usmanov USM.

Question about change of the General Director, in particular, about the appointment of the new head, should be resolved at the General meeting of shareholders “the Megaphone”. The meeting should the Board of Directors of the company, which has more than 10% stake, explained earlier, the representative of the operator. The nearest meeting of the Board of Directors of the company will be held on April 27.

Ivan Tavrin is a long — standing business partner of Usmanov on the television business. “MegaFon” he led in April of 2012, succeeding to the post of Sergei Soldatenkov, the current Chairman of the Board of Directors of the operator. A source in one of the companies USM calls Soldatenkov as the most likely successor Tavrina on a post of the General Director.

Taurino owns 50% of “UTH Russia” (channel “Yu”, the Disney channel, “Muz-TV”) and 3% of USM Holdings (other than shares in MegaFon, and controls metalloinvest, Mail.Ru Group and other assets of Usmanov and his partners). Forbes magazine in 2016 estimated his fortune at $400 million.

“Vedomosti” reported on the possible resignation of Tavrina as CEO of “Megaphone” in February 2016, but sources agreed that the personnel issue went off the agenda.

MegaFon is the second largest mobile operator in Russia, according to AC&M-Consulting, the company occupies 30% of the mobile market of the country. The number of subscribers in 2015 increased compared with 2014 by 6.4% to 76.8 per million (the number of mobile subscribers, up by 7.2%, to 74.8 million). The company’s net profit in Russia for the same period increased by 9.1%, to 42.2 billion rubles., revenues decreased by 0.8%, to 308,4 billion rubles.

With the participation of Alena Sukharevskaya