Alexey Malinovsky became Chairman of the Board of Directors of TCS Group

Board of Directors TCS The Group was headed by the former head of Mastercard in Russia Alexey Malinovsky, should from the company’s post on the Disclosure Center website.

Malinovsky replaced Konstantinos Economides as head of the board of directors, who held this post for about 15 years and left the position of his own free will on November 7. In the summer, Alexey Malinovsky joined the board of directors TCS Group.

Malinovskoy was born on March 22, 1975 in Moscow. He was the head of Mastercard in Russia, Kazakhstan, Belarus and Armenia, and president of the Mastercard Members Association. Started working for the company in 2010.

In mid-October, the group announced its intention to hold an extraordinary meeting of shareholders on November 21. It was clarified that during the meeting it is planned to discuss the issue of granting the board of directors the authority to repurchase ordinary shares or participation interests in ordinary shares, including the company’s global depositary receipts.

Net profit TCS Group in the second quarter of 2023 exceeded the forecast of analysts surveyed by Vedomosti amounted to 20.36 billion rubles. – an increase of more than six times compared to the same indicator in 2022.