CEO Today Global Awards

www.ceotodaymagazine.com 82 CEO Today Global Awards 2019 Russia ANDREY DUBOVSKOV CEO of Sistema PJSFC FIRM PROFILE Sistema is a publicly-traded diversified holding company in Russia and the CIS. Established in 1993, today Sistema is a large private investor operating in the real sector of the Russian economy. Sistema’s investment portfolio comprises stakes in predominantly Russian companies representing various sectors of economy, including telecommunications, retail, timber processing, agriculture, high technology, banking, real estate, healthcare services and hospitality. Sistema is the controlling shareholder in most of its portfolio companies. Sistema’s competencies focus on improvement of the operational efficiency of acquired assets through restructuring and attracting industry partners to enhance expertise and reduce financial risks. Chairman of the Board of Directors of Sistema Vladimir Evtushenkov, with 59.2% of shares, is the principal Sistema shareholder. Sistema’s global depositary receipts are listed under the “SSA” ticker on the London Stock Exchange. Sistema’s ordinary shares are in the first (highest) level of listing under the “AFKS” ticker on Moscow Exchange. Mission & Investment Strategy Mission Sistema’s mission is to build an investment company with multi-industry expertise and a strong track record in managing shareholder and third-party funds. Investments focus primarily on new and innovative industries, with no restrictions on geography or industry. Value creation model Sistema’s investment company model envisages monetisation of the portfolio through incoming dividends and asset sales, as well as: (1) investment in new, high-potential investment projects capable of generating high returns on invested capital; (2) distribution of profit to Sistema’s shareholders through dividends; (3) investment in the development of existing assets to increase their value. BASIC PRINCIPLES OF THE INVESTMENT STRATEGY Direct investments from Sistema’s Corporate Centre Investments in controlling stakes of large assets, including distressed/undervalued businesses, or in large tech companies Value creation via active management of acquired assets with potential engagement of a financial partner Asset type: mainly mature businesses ABOUT ANDREY DUBOVSKVOV Andrey Dubovskov was born in 1966 in Alma-Ata. In 1993, he graduated from the Gerasimov Institute of Cinematography with a degree in Film Direction. Mr Dubovskov has extensive experience in telecommunication companies: since 1993, he has held multiple managerial positions at Millicom International Cellular S.A., Millicom International Cellular B.V., LLC Regional Cellular Telecommunications, CJSC 800, and other companies in Moscow, Almaty, Nizhny Novgorod, Yekaterinburg, Perm, and Kiev. He was CEO of Tele2 in Nizhny Novgorod in 2002-2004. In 2004, Mr Dubovskov joined OJSC MTS as head of the company’s Nizhny Novgorod branch. In 2006-2007, he was director of the MTS Urals Macroregion. In 2007, he became first deputy CEO of CJSC UMS (MTS Ukraine) and in 2008 was appointed head of the MTS Ukraine business unit. In 2011-March 2018, Mr Dubovskov was President and Chairman of the Management Board of OJSC MTS. In March 2018, Mr Dubovskov became President of Sistema PJSFC. Не is a member of the Board of Sistema Charitable Foundation.