“T1 Holding” will be headed by Alexey Fetisov, a native of VTB
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The post of general director in one of the largest Russian IT companies, T1 Holding, will soon be taken by Alexey Fetisov, who currently holds the position of department director at VTB Bank. Kommersant sources close to the owners of the holding do not rule out that the new leader will reconsider the projects announced by the previous T1 CEO Igor Kalganov, including investments in microelectronics and the launch of a space program.
“T1 Holding” (develops and supplies software, equipment, as well as consulting services) will be headed by the director of the department of technological development of VTB’s retail business, Alexey Fetisov, who will leave the bank due to the new appointment, two sources in the IT market told Kommersant. The press service of the Kommersant holding confirmed this information, clarifying that the company is now “completing procedures for corporate approval of the candidacy of Alexey Fetisov.”
T1 Holding (the parent legal entity is T1 LLC) was founded on the basis of the assets of Alexey and Dmitry Ananyev – then the company was called Technoserv. In January 2018, Alexey Ananyev sold 40% of VTB, and then pledged another 49.99% of the company’s shares there. In December 2018, Mr. Ananyev was removed from management, and then the company came under the control of VTB, which renamed Technoserv and its structures into T1 Holding. Until March 2022, the ownership structure of T1 looked like this: VTB owned 30.5%, and the remaining 69.5% belonged through Sirocco Technology LLC to a certain Yulia Mankos. In March 2022, the bank announced the sale of its share to the closed mutual fund “Axis”.
Judging by the company’s financial statements (IFRS) for 2022, T1 Holding’s revenue for 2022 amounted to 147.3 billion rubles. with a net profit of 42.4 billion rubles. In the Cnews rating “The largest IT companies in Russia 2022”, T1 Holding took second place.
Alexey Fetisov worked in senior positions at Luxoft from 2006 to 2019; in 2019, he took the position of head of the retail business technological development department – senior vice president of VTB Bank.
After the new appointment, Alexey Fetisov will actually replace Igor Kalganov – he led the holding from May 2022 to August 2023. During this time, Mr. Kalganov announced the launch of a number of new infrastructure projects, including the development of drones, investments in the production of microelectronics, as well as the launch of his own space program and an IPO. The beneficiaries of the holding considered the initiative of the top manager unnecessary, Kommersant’s sources said, because of this, Mr. Kalganov left the post of general director of the company (see Kommersant on August 17). A Kommersant source close to the beneficiaries of T1 Holding suggests that the new appointment should eliminate a situation in which the general director will be “uncontrollable”, and a number of projects that T1 Holding launched under Mr. Kalganov will “most likely be reviewed and re-evaluated “
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