The head of Russia’s Yandex fell two weeks early According to Reuters

© Reuters. FILE PHOTO: Russian internet group Yandex CEO Elena Bunina attends a session of the Moscow Financial Forum in Moscow, Russia September 6, 2018. REUTERS / Sergei Karpukhin / File Photo

(Reuters) -Elena Bunina steps down as chief executive of Yandex (NASDAQ:) LLC, Russia’s largest technology company, about two weeks before her term expires on April 15, the company said Saturday.

“Elena Bunina will be leaving (her) position as CEO and chief human resources officer at Yandex LLC, which is her personal decision,” Yandex press service said in an email. It said Artem Savinovsky, a senior manager of the company, has been appointed acting CEO.

No further details were released on the reasons for the move, which is the second recent high-profile departure from Yandex, which builds intelligent products and services powered by machine learning.

Last month, Tigran Khudaverdyan stepped down as chief executive and deputy chief executive officer at Nasdaq-listed Yandex NV, the parent company of Yandex LLC registered in the Netherlands, after the European Union brought him and a Russian business group on the sanctions list for “special military activities” in Ukraine.

Khudaverdyan was punished in the EU as an individual. Neither Yandex NV nor any of its subsidiaries are sanctioned by the US, EU or UK.

In a statement announcing the departure on March 15, the company said Bunina would continue to serve as general manager of Yandex LLC, its main operating subsidiary, until April 15.

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