By Andrei Skvarsky.
Alexander Morozov is stepping down as the chief financial officer of Sberbank, Russia’s biggest lender.
Morozov will pass over his formal position as CFO to Alexandra Buriko, currently an adviser to Sberbank CEO Herman Gref, as from January 1.
However, he will exercise the top oversight of the lender’s financial affairs until July 1, 2020, as deputy CEO, a post he today combines with his role as CFO and will retain until that date, Gref told a briefing in Moscow on November 12.
Gref said Morozov would stay on in the Sberbank group after his final resignation from his top tier posts but that it had not yet been decided what would be his next role.
According to a Sberbank statement, Morozov will have a short break before taking his new position.
Gref credited Morozov with practically all that Sberbank has achieved in its financial policy over the past several years.
Morozov was CFO of Renaissance Capital for one year before being hired by Sberbank in 2008, and previously had spent 13 years as head of treasury in the Russian operation of UniCredit.
Buriko was CFO of Russia’s Rusal, one of the world’s largest aluminium producers, before joining Sberbank. Before that she had worked for 16 years for KPMG in Russia and Canada, half of this time being a partner in the company.
“It’s time to move on,” said Morozov. “It seems to me that next year is the right time for changes, both for me personally and for the bank.”
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