Sergey Ivanov, CEO of Alrosa and a target of US sanctions, is stepping down from his position at the Russian miner, according to a local news outlet.
The executive has decided to resign before the termination of his contract, according to a Google-translated version of an RBC article. He might move into a role at Volga Group, which controls assets in the gas and petrochemical industries, the report added, citing an unnamed source.
An Alrosa spokesperson declined to comment to Rapaport News on Sunday.
Ivanov joined the Russian diamond miner in the top job in 2017, succeeding Andrey Zharkov. Earlier this year, the US named Ivanov as a sanctioned person following Russia’s invasion of Ukraine.
Image: Sergey Ivanov in 2016. (Shutterstock)
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