Ashot Khachaturyants was appointed Acting President of the company, who previously was in charge of Sberbank Capital. His predecessor Mikhail Skorokhod will continue to work in the holding as Chief Executive Vice President.

Ashot Khachaturiants’ top-priority tasks will be to prepare a strategy for the development of the holding, create new growth points and create conditions for the most efficient use of the company’s competitive opportunities.

Commenting on the appointment of Ashot Khachaturyants, EUROCEMENT Group Chairman of the Board of Directors Filaret Galchev said: “I am sure that Ashot Rafailovich will help our company to take full advantage of the opportunities that are now appearing on the Russian construction market. Ashot Rafailovich has proved to be an effective manager capable of implementing large projects”.

Ashot Khachaturiants himself noted: “The EUROCEMENT team has created a leader in the cement industry with a huge development potential. It is a new challenge for me, but I am sure that together we will be able to achieve even more outstanding results”.