First vice president of Bank of Moscow Elena Volkova, who was in charge of operations with state authorities and general banking projects, left the bank, RBC daily wrote on Wednesday.
Elena Volkova retired immediately after a meeting held by the bank’s supervisory board on January 28, at which VTB Bank top managers were nominated as appointees to the new supervisory board, the paper wrote. The lending institution did not say what in particular made her leave the bank, and the newspaper only said that Volkova no longer works at the bank and her duties are fulfilled by vice president Sergey Ermolaev. Information about her retirement was provided to Bank of Moscow employees via the corporate email system.
Elena Volkova had been with the Bank of Moscow for more than fifteen years, as she took helm of the customer service department in 1995, the year when the bank was established. In 2002 she was appointed the bank’s vice president and had always been a board member. In recent years Volkova oversaw operations related to the branch network, and was also in charge of relations with state authorities and executed a number of large general banking projects. She holds 0.000115556% of the bank’s common shares (worth around Rub 276,000).
For the record, after the resignation of Moscow Mayor Yury Luzhkov VTB Bank and later Alfa-Bank announced their desire to buy the Moscow government’s interest in the Bank of Moscow, the newspaper noted. VTB Bank executives managed to come to an agreement with the Moscow government’s new management team to install their representatives on the Board of Directors at the Bank of Moscow before the acquisition deal is executed. Last Friday the lending institution’s BoD approved for election to the new board of directors VTB Bank CEO Andrey Kostin and his first deputy board chairman Mikhail Kuzovlev. Deputy Mayor Andrey Sharonov and head of the city’s property department Natalia Sergunina were nominated by the Moscow government to the Bank of Moscow’s BoD.
“Elena Volkova was apparently not on the list of nominees and she therefore decided to leave the Bank of Moscow immediately," the newspaper drew a conclusion.
