QIWI Announces Changes to The Board of Directors
QIWI plc announced the resignation of Elena Titova from its Board of Directors effective April 20, 2022. Titova served as an independent director since June 2019 and held key positions including Chairperson of the Compensation Committee and member of the Audit and Strategy and Sustainable Development Committees. The company plans to appoint a new independent director to maintain committee structure and will announce the appointment in due course.
- The impending addition of a new independent director may bring fresh perspectives to the Board.
- Elena Titova's departure could create a temporary leadership gap, affecting strategic continuity.
NICOSIA, Cyprus, April 22, 2022 (GLOBE NEWSWIRE) -- QIWI plc (NASDAQ and MOEX: QIWI) (“QIWI” or the “Company”), a leading provider of cutting-edge payment and financial services in Russia and the CIS, today announced that Elena Titova has resigned from the Company’s Board of Directors, with effect from 20 April, 2022.
Ms. Elena Titova has served as our independent director since June 2019 and acted as a Chairperson of the Compensation Committee, Member of the Audit Committee, and Member of the Strategy and Sustainable Development Committee.
Following the resignation of Ms. Elena Titova the committees of QIWI including the Audit committee currently consist of two (2) members, both of whom are independent. The Company intends to appoint a new independent director to the Audit Committee and the other committees of QIWI. The Board of Directors is considering appropriate nominations. We will announce the new appointment in due course.
About QIWI plc.
For over 20 years we stood at the fore point of fintech innovations to facilitate and secure digitalization of payments. Our mission is to connect our clients providing unique financial and technological solutions to make the impossible accessible and simple.
QIWI is a leading provider of cutting-edge payment and financial services in Russia and the CIS. We offer a wide range of products under several directions: QIWI payment and financial services ecosystem for merchants and B2C clients across digital use-cases, ROWI digital structured financial products for SME, Flocktory services in marketing automation and advertising technologies, and several other startups.
QIWI has an integrated proprietary network that enables payment services across online, mobile and physical channels and provides access to financial services for retail customers and B2B partners. Our network allows over 27 million of customers and partners to accept and transfer RUB 148 billion of cash and electronic payments monthly. Company’s money remittance payment platform connects businesses and people from over 185 countries via over 670 thousand service points. Our customers and partners can use cash, stored value, prepaid cards and other electronic payment methods in order to pay for goods and services or transfer money across virtual or physical environments interchangeably, as well as employ QIWI’s open API infrastructure and highly customizable, sophisticated payment solutions to serve their business or personal needs. Our ROWI brand serves businesses with digital factoring, bank guarantees and other financial solutions for SMEs.
For the FY 2020 QIWI had revenue of RUB 40.6 billion and an Adjusted EBITDA of RUB 13.8 billion. QIWI's American depositary shares are traded on the NASDAQ and Moscow Exchange (ticker: QIWI).
For more information, visit investor.qiwi.com.
FAQ
Who resigned from QIWI's Board of Directors?
What positions did Elena Titova hold on the Board at QIWI?
Will QIWI replace Elena Titova on the Board?
What impact could Elena Titova's resignation have on QIWI?
