Billionaire Yuri Milner leaves board

Fri 16 March 2012 10:00, Tamara Yadvichuk

Billionaire Yuri Milner leaves board Group , the largest Internet company in Russia, has announced that Yuri Milner steps down from his position as chairman of the board of directors. Milner, who founded in 1998, will pass the position to the company’s current CEO Dmitri Grishin. Group owns:

  • the most popular email service in Russia
  • two IM services (ICQ and Agent)
  • the biggest Russian-language online gaming platform
  • portal with a number of services such as weather, news and jobs
  • Odnoklassniki (Russian for ‘classmates’ – on the pic below) and My World – the largest Russian social networks after VKontakte, of which they also own 39.9%.

Impressive, huh?

With net profit of $208 million in 2011, today is more profitable than Yandex, which reported $179 million net profit last year. Will perform the same without Mr. Milner as chairman? I’ll keep you posted.


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