In farewell message to staff, Yandex founder Arkady Volozh makes it official: he’s out
Russian technology entrepreneur and Yandex founder Arkady Volozh has finally, formally informed staff that he’s left the company completely. In a message posted today on an internal company portal, he announced his departure and thanked long-time colleagues for helping to build “the best technology company in the country,” according to The Bell. “All these 30 years, we’ve been doing this together,” Volozh wrote. “From nothing, amid global competition, we endeavored to operate openly and honestly.”
The European Union imposed sanctions against Arkady Volozh in early June for involvement “in economic sectors providing a substantial source of revenue to the Government of the Russian Federation.” Soon thereafter, Volozh stepped down from Yandex’s board of directors and his position as CEO of Yandex Group. He also left several senior positions in Yandex’s international subsidiaries.
In his farewell message, Volozh told Yandex employees that the company’s executives are working on a restructuring plan. He said he’s now developing four startups abroad that are all independent from Yandex.