Deals
Bank of Moscow May Replace CEO Borodin Before Stake Sale
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Bank of Moscow’s board may this week set a date for a shareholder vote on replacing Chief Executive Officer Andrei Borodin as Russia’s capital city government considers selling its stake in the lender.
Borodin’s resignation should be considered as a separate matter and will not be put on the agenda of a Feb. 21 shareholders’ meeting to re-elect the board, Natalya Doruchaeva, a spokeswoman for the lender, said by phone today. Doruchaeva didn’t elaborate on reasons for the possible departure of Borodin, who has headed the bank since 1995.