Alrosa's Deputy CEO Leaves Company
January 02, 25
(IDEX Online) - Vladimir Marchenko, deputy CEO of Alrosa, has left the company.
He oversaw the miner's activities in Africa and his departure comes as Alrosa bows to sanctions-related pressure from Angola and sells its share in the Catoca and Leule mines.
Marchenko was appointed vice president for Alrosa's operations in Africa in September 2017 and was promoted to deputy CEO in 2018.
During his tenure the company increased its stake in Catoca from 33 per cent to 41 per cent.
Marchenko is taking up a position elsewhere in the mining industry, Alrosa said in a statement.
"Despite all the difficulties, thanks to the expertise of Vladimir Vladimirovich (Marchenko), Alrosa expanded the portfolio of its projects on the African continent," said CEO Pavel Marinychev.
"On behalf of the entire team, I want to wish him good, new interesting tasks and successes."
Marchenko also worked closely with Zimbabwe to search for new diamond deposits, and headed Alrosa's South American division.
Alrosa's shares in Catoca and Luele are being sold to Maaden International Investment, a subsidiary of Mercury Investments International, a state-owned company that is ultimately owned by the Government of Oman.
Alrosa held a 41 per cent share in the Catoca Mining Society (Sociedade Mineira de Catoca), which owns Catoca and the newly-opened Luele mine.
Pic of Vladimir Marchenko, courtesy Alrosa.