Yandex Founder Volozh to Return as CEO After Sanctions Dropped
- Arkady Volozh rejoins diminished tech firm after Russian sale
- Yandex NV seeks to change its name to break with the past
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Yandex NV founder Arkady Volozh has returned to lead a much-diminished version of the company he built and that just sold off Russia’s leading search engine.
Yandex NV, which is registered in the Netherlands, finalized a deal to sell its Russian business, which made up most of its revenue, the company said in a statement on Monday. It will be renamed Nebius Group after shareholder approval and focus on developing its own projects. Volozh will oversee the process as the firm’s chief executive officer, according to two people familiar with the situation who asked not to be identified before an official announcement.