First Vice-President leaves Alrosa

​The first Vice-President of Alrosa, I. Ryaschin, leaves the company.

The management of Alrosa hasn’t extended the contract with him. He controlled the financial –economic block.

Mr. Ryaschin has been working at Alrosa since 2012 – he came from RZD. In September 2014-April 2015 he was the acting CEO of Alrosa.

Alrosa is preparing for privatization. The Government plans to sell up to 10.4% of its shares. The deal might bring 60 bln roubles to the budget.

In 2015 Alrosa reduced its net profit by 9.5% in annual terms to 21.2 bln roubles. in 2015 the revenue rose by 16.4% to 185.2 bln roubles.

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