Sberbank vice-CEO Poletaev stepping down but staying as adviser

By Andrei Skvarsky.

Russia’s biggest lender Sberbank has announced an upcoming top-tier reshuffle to include the resignation of Maxim Poletaev, one of chief executive officer Herman Gref’s two senior deputies, who will, however, stay at the bank as a senior adviser.

Poletaev will be an adviser to Gref on some of the bank’s major projects, Sberbank said in a statement.

As first deputy CEO, the position he is leaving because, according to the statement, he needs “to change his work schedule”, Poletaev has been in charge of relations with corporate clients, including Sberbank’s efforts to recover a €1.1bn ($1.28) debt from troubled Croatian food company Agrokor.

His new advisory duties will include overseeing the Agrokor debt recovery process. Gref, at a news conference in Moscow earlier this month, argued that the Croatian firm would clinch a settlement with Sberbank and the other creditors relatively soon.

Poletaev is going to be replaced as first deputy CEO by Sberbank senior vice-president Alexander Vedyakhin, who is awaiting the central bank approval for taking the job.

Another senior vice-president, Anatoly Popov, has been named as one of several lower-level deputy CEOs.

Yet another senior vice-president, Alexander Bazarov, will be removed from the executive board of Sberbank, the latter’s top executive authority, but will retain his current position as co-head of Sberbank CIB, the lender’s investment arm, the statement said.

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