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Rumours of CEO change denied by Russian Yandex

Techcrunch reports of Ex-Yahoo SVP and General Manager of Search Vish Makhijani becoming Yandex CEO have been denied by the company in a press release today.

Vish Makhijani has indeed joined Yandex but in the position of President and CEO of their new US technology and business development facility, “Yandex Labs” based in Silicone Valley, US. Arkady Volozh, a popular figure in the Russian new media scene will continue in his post as head of the company.

“We did not hesitate to go the extra mile to find this rare talent,” said Arkady Volozh, CEO of Yandex, the parent company. “We are excited to add a leading technology and business veteran in Silicon Valley to the Yandex team. Vish and his group at Yandex Labs will help to develop and improve Yandex’s core technology capabilities including the quality of algorithmic search for the Russian audience.”

Source: Yandex News

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