One of Russia’s Largest Mobile Operators Gets a New CEO

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Mobile TeleSystems PJSC (MTS)(NYSE: MBT; MOEX: MTSS), one of Russia’s largest mobile operators and providers of media and digital services, announced last week the appointment of Vyacheslav Nikolaev as President and CEO. Current President and CEO, Alexey Kornya, will become First Vice President of MTS parent Sistema PJSFC (LSE: SSA, MOEX: AFKS), a Russian publicly traded investment company. MTS followed that announcement by saying it has launched the country’s first 5G network for trial use in Moscow.

Felix Evtushenkov, Chairman of the MTS Board of Directors, said, “In his new role as MTS Group President & CEO, Vyacheslav Nikolaev will take on an ambitious task — strengthening MTS’s market position as a telecom-based ecosystem of digital services, thereby completing MTS’s comprehensive brand transformation. In addition, we regard it as equally important to further reinforce the company’s established leadership position within the highly competitive telecommunications market.” 

Nikolaev was appointed First Vice President for Customer Experience & Marketing in August 2019. In April 2020, his role was further expanded to encompass MTS’s strategic digital ecosystem efforts as First Vice President for Customer Experience, Marketing, and Ecosystem Development. His earlier roles included Group Director for Commercial Control, Deputy Director for Regional Management at MTS Russia, as well as acting Director of MTS Russia.

Before joining MTS, Vyacheslav worked as a supervising telecoms analyst, leading the sector research teams at Trust and Renaissance Capital. Vyacheslav began his professional career in 1997 as a consultant at European Public Policy Advisers (UK) and J’son and Partners (Sweden).

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