Developer Etalon appointed two vice presidents in connection with business expansion
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Development group “Etalon” announced on the appointment of Mikhail Buzulutsky as vice president of sales and marketing and Stanislav Kondratyev as vice president of product. The company explained the appointments by “rapid scaling of the business.”
Before joining Etalon, Mikhail Buzulutsky headed the commercial function at the development companies Ingrad, Seven Suns Development, and Glavstroy St. Petersburg. At Etalon he will oversee the development of sales and commercial functions.
Stanislav Kondratyev previously held the position of senior vice president at PIK Group and worked as vice president at Sminex. In his new position, he will develop and increase the availability of Etalon products.
In 2021, Etalon began expanding its business in Russian regions. The company entered the markets of Omsk, Novosibirsk region, Yekaterinburg, Tyumen and Kazan.
The largest shareholder of Etalon Group PLC is AFK Sistema (MOEX: AFKS), it owns 48.8% of the developer’s GDR. Another 35.2% is in free float, 6.3% is held by the Emirati state holding company Mubadala Investment Company, 5% is held by the Kopernik Global Investors fund, and 4.1% is held by Prosperity Capital. The remaining 0.6% is owned by the company’s management.
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