The Russian entrepreneur and venture capitalist, Yuri Milner has stepped down from the board of directors of Mail.ru, the largest Internet Company in Russia. Milner mostly known as the founder of international investment firm Digital Sky Technologies (DST). Mail.ru has announced this morning in a press release that current CEO Dmitry Grishin was elected to the board and promptly appointed as its new chairman. No other changes to the company’s management or board were made, according to Mail.ru.
“It has been a great pleasure and privilege to be involved with Mail.ru Group and to take the business from its foundation to its successful IPO in November 2010. Serving as non-executive Chairman since the IPO has allowed me to watch the management team, led by Dmitry Grishin, whom I brought in as a co-founder and worked with for more than 10 years, deliver consistently strong results.
I believe that Mail.ru is well placed for taking advantage of its leadership position. I look forward to watching its continued success as Dmitry, and the team, continue to drive the business and execute on the strategy.”