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آرشیو برچسب های: Russian business

Ilim Group appoints new CEO

The Board of Directors appointed Aleksei Lomko as Chief Executive Officer of  Russian JSC Ilim Group effective from October 30, 2023. Aleksei Lomko is one of key opinion leaders in corporate law, management, legal support, and re-engineering of large companies.

 

Mr Lomko is a graduate of the Ural Legal Academy and holds MBA degrees from the Northwestern University (U.S.) and Hong Kong University of Science and Technology.

He joined Ilim Group in 2005 as Deputy Director Legal.

Aleksei stood at the origin of the corporate formation of Ilim Group. In 2007, he took charge of the Group’s Legal Department that provided legal support for the establishment of a Russian-American joint venture and its investment activity.

When the management architecture was changed in 2013, Mr Lomko was appointed Vice President Legal and later in 2018 became Senior Vice President Legal. He interacted directly with the Board of Directors and served as acting CEO on multiple occasions.

Aleksei received awards for his excellent performance, including those from Ilim Group’s Board of Directors.

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Mondi completes sale of three Russian converting operations

Following the announcement on 15 December 2022 of the agreement to sell its three Russian packaging converting operations to the Gotek Group for a total consideration of RUB 1.6bn, Mondi plc (“Mondi”) confirms that Gotek Group received all requisite approvals and the sale has now completed. Mondi has received net proceeds of €۳۰.4m from this disposal into its Austrian bank account.

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Essity to Sell Its Operations in Russia

Essity has signed an agreement with a buyer and the transaction has been approved by the Russian authorities, it said, adding that the deal was expected to be finalised during the second quarter of 2023.

The world’s second-biggest consumer tissue maker began work on exiting the Russian market in April, after taking a writedown of about 1.7 billion crowns ($157.25 million) on its assets in the country, the statement added.

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