Vladimir Pravdivy, Avito CEO, is leaving the company and plans to devote time to his own family and health. Avito's Management Board will continue to lead the company.
After the end of the financial period in March 2023, Avito CEO Vladimir Pravdivy decided to end his work at the company. Since April 29, he has been taking a break from his work activities. Vladimir said that he would focus on issues of his own health and family. The management of the company will remain with the members of the Management Board, which includes all top managers, including managing directors of verticals. At the corporate level, Ivan Guz, ex-deputy general director, will be responsible for business development, and Sergey Piven, Avito's financial director, will be responsible for business support.
Vladimir Pravdivy, CEO of Avito:
“I have been managing Avito for more than 9 years — a lifetime of emotions, challenges and achievements, 30 times growth in revenue and reaching the No. 1 position in the world. It was a marathon at a sprint pace, and the last 3 years have been the most difficult, but also the most successful. I am very proud of these results, especially the team that I managed to grow, and what we have achieved together.
I am a player-coach, not an artifact. A CEO who has worked for more than 10 years in one company is a rare case. I know that I am leaving Avito in the safe hands of a large and close-knit team of 6,000 people. I am sure that she has the support of a shareholder in the most ambitious and breakthrough plans.
Now I have to focus on my family and my own health. Once I took over the company from the founders Philip and Jonas and treated Avito like a child. A child who is now grown and strong, while my own children are still growing. Then I'll think about what's next. And what should be the new story that will inspire me in the same way as Avito.”
Ivan Tavrin, founder of Kismet Capital Group, shareholder of Avito:
“The news about Vladimir’s decision was unexpected and sad for me personally. Avito is in his best shape today. And this is undoubtedly the merit of Volodya and the excellent team that he managed to assemble. The fact that he decided to leave not during a storm, but when the company is firmly on its feet, makes me respect.
I have no doubt that Avito will prosper and preserve a unique culture. Together with Vladimir, we decided how best to maintain this balance. The management of the company will remain in the hands of the current top management — the Board, which has been de facto doing this for many years. Kismet, as a shareholder, will not affect Avito's operating activities, our plans for the company as an asset do not change. I believe in the guys and that they will succeed. We will always support the team in strategic matters.”
The Avito team spoke with Vladimir Pravdivy and recorded a video interview on the most fundamental issues.
Avito's key business units have long been operating in specialized highly competitive markets as independent players with their own development strategies. The company several years ago moved from a centralized business management model to the transfer of key decisions to vertical centers and horizontal directors. Vertical business units include Avito Goods, Avito Auto, Avito Real Estate, Avito Work, Avito Services; to horizontal ones — Product, Technology, Sales, Marketing, etc. Their leaders make up the Avito Board. will continue to be developed by the Board and agreed by the shareholder. Thus, the decision-making algorithm in the company will retain its format.
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