Dmitriev leaves board of directors of Mother and Child chain of clinics

MOSCOW. March 8 (Interfax) - Russian Direct Investment Fund (RDIF) head Kirill Dmitriev left the board of directors of MD Medical Group Investments Plc (which runs the Mother and Child chain of clinics ), on March 5, the company said in a report.

Dmitriev and RDIF were affected by the U.S. and UK sanctions imposed on March 1, 2022. The European Union later banned co-investment in new projects with the Russian fund.

Dmitriev joined the board of directors of MDMG in 2012. His powers were prolonged until 2024 when he was last re-elected to the board.

Dmitriev is now a member of the boards of directors of Transneft, Rostelecom, RZD, and other companies.

Thus, the MDMG board of directors has decreased to six members. In particular, it continues to comprise a foreigner, Simon Rowlands (independent non-executive director). Rowlands' powers on the board of directors expire in 2022.

The board of directors also comprises Mark Kurtser, the founder and general director of Mother and Child, Vladimir Mekler, Senior Managing Partner at Mekler & Partners, Skillbox CFO Vitaly Ustimenko, and Tatyana Lukina, CFO of the international mobile games developer Game Insight.

MDMG was registered in Cyprus in 2010. Mother and Child comprises 42 modern healthcare establishments in 24 cities of Russia. MDMG's shares have traded on the London Stock Exchange since 2012, and its shares started trading at the Moscow Exchange in secondary listing in November 2020.