Qiwi board of directors may expand to 11 seats
MOSCOW. Aug 12 (Interfax) - The agenda for the annual meeting of shareholders in Qiwi plc on August 22 includes a vote to elect Nilesh Lakhani to the board of directors as an independent director, Qiwi said in a press release.
The press release does not provide information about Lakhani. However, according to information on Linkedin.com he is currently a member of the board of Netshoes (an internet sporting goods retailer based in Brazil), GetGoing (a site offering airline hotel booking based in the U.S.) and Decolar (an airline and hotel booking site based in Brazil). Lakhani has also served as a finance director at Yandex, CTC Media and a vice president of Electronic Arts.
The Qiwi board currently has 10 members: CEO Andrei Romanenko, COO Sergei Solonin, Andrei Muravyev, Igor Mikhailov, Matthew Hammond, Verdi Izraelian, Boris Kim, Alexei Rasskazov, Marcus Rhodes ad Dmitry Pleskonos.
Thus, Lakhani's election would increase the number of board members to 11.
Qiwi Ltd. (formerly OE Investments Ltd.) manages the biggest payment system in Russia. The group includes LLC Qiwi Wallet, the Qiwi payment service (the united CJSC OSMP and CJSC E-port), Qiwi Bank, lottery organizer LLC Loto Integrator, the producer of fiscal registrars LLC Pay Kiosk, and LLC Direct Contact (Qiwi Reklama), a company that places advertisements at payment terminals.
Qiwi's biggest shareholder is Saldivar Investments (with 25.4% of shares), in which Sergei Solonin owns an 88.9% interest. Mail.ru Group has 15.5%, and Andrei and Nikolai Romanenko's Antana International has 7.3%. Andrei Muravyev owns 4.9% of shares via Palmway Holding and Igor Mikhailov and Sergei Fedyushchenko own 2.5% each via Dargle International and Bralvo Limited respectively. Another 6.6% is held by E1 Ltd, which is owned by Boris Kim (39%), Gennady Babkin (38.7%), and Alexei Korepanov (17.69%). Mitsui & Co has 11.3%.
