Yandex's CFO named COO, put in charge of Russian ops

|About: Yandex N.V. (YNDX)|By:, SA News Editor

Yandex (YNDX +0.2%) CFO Alexander Shulgin has been moved over to the newly-created position of COO. Shulgin's new job will make him "the principal executive in charge of operations of Yandex's Russian business."

Greg Abovsky, formerly Yandex's IR chief and VP of corporate development, is the company's new CFO. Before joining Yandex last year, Abovsky once worked as a Morgan Stanley banker.

CEO Arkady Volozh will remain responsible for "the development of Yandex products both in Russia and abroad."