By Andrei Skvarsky.
Russian rating agency RusRating has put aside its founder and chief executive Richard Hainsworth by appointing him as company president and passing over his top managerial duties to Dmitri Yefimov from Russian business news agency AK&M.
The appointment of Yefimov, who takes up the job today, “was motivated by the company’s dynamic growth and an expanding international business”, RusRating said in a statement.
Hainsworth, who has led RusRating since its emergence in 2001, will “focus on strategic issues and expanding the agency’s international business” in his presidential capacity, the company said.
Hainsworth came to Moscow in 1980 and worked as a banker at Renaissance Capital before setting up RusRating.
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