Sergei Anokhin has been appointed senior VP and CFO at Russia’s Rostelecom.
In his new position, he will be responsible for the company’s finance, economics, investments and reporting, as well as managing procurement activities and implementing projects to improve Rostelecom’s operational efficiency. He will also continue to be responsible for issues of strategic planning and implementation of the strategy.
Anokhin joined Rostelecom as senior VP in April 2017. At that time, he was responsible for strategic planning, innovative development, M&A and investor relations, as well as for the implementation of projects relating to the transformation of Rostelecom’s business and improving its operating efficiency. These responsibilities will now be divided across the management team.
Meanwhile, Kai-Uwe Mehlhorn, who served as the company’s CFO since 2013, will be leaving Rostelecom to pursue other interests.
Commenting on the development, Mikhail Oseevsky, CEO of Rostelecom, said: “I would like to thank Kai-Uwe for his contribution to the development of Rostelecom. During his tenure, the company underwent a complete restructuring, procurement activities became more transparent, the ratio of capital expenditure to revenue was reduced from 28.4% in 2012 to 18.8% last year, and the operational efficiency programme resulted in savings of R17.5 billion. He also helped establish a multifunctional General Service Centre to provide a whole range of standard business operations. I welcome the new appointment of Sergei Anokhin. In his new role, Sergei will have more opportunities and authority to implement the company’s strategy, which was developed with his direct involvement.”