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New President of A1

June 29, 2009. TAG: Investment

Andrei Zemnitsky has been appointed President of A1. Alexander Savin, who had been working as President of A1 since 2003, will continue his cooperation with Alfa Group Consortium in a number of strategic projects.

Andrei Zemnitsky comes to А1 from Altimo, one of the largest international investment companies acting in the field of mobile and fixed-line telecommunications, holding a leading position on the telecommunications markets of Europe and Asia. In Altimo Mr. Zemnitsky held the position of Senior Vice-President in the Business Development Department. Before Altimo, he worked at Alfa Group Corporate Center, where he held responsibility for the strategic and investment planning processes of the Group companies and provided expert counsel to Alfa Group companies regarding merger and acquisition activities. Before Alfa Group Corporate Center he served as Deputy Director of the Business Development Department at VimpelCom where he was responsible for the development and implementation of VimpelCom's acquisition strategy in Russia and across the CIS. Andrei Zemnitsky was engaged in joint projects of A1 and Altimo.

Alexey Kousmichoff, Chairman of the Advisory Committee of A1, commented: “We are grateful to Alexander Savin for his extensive and effective work as President over the last six years. We have seen Andrei Zemnitsky's work in Alfa Group companies, and we are positive that he will further advance the successes achieved by A1 in previous years”.

Before Alfa Group Corporate Center and VimpelCom, he was a Vice-President of the Investment Banking Directorate at the Russian Investors Company, participating in a vast number of M&A and consulting projects. From 1998 to 2000 he was an advisor to the World Bank (IBRD), dealing with international trade in financial and telecommunication services.  

Andrei Zemnitsky holds a Masters Degree in Economic Theory and also is a candidate of economic science at the State University – Higher School of Economics in Moscow. He was awarded a CFA designation in 2004 and is one of the founders of CFA Association (Russia). He was born in Novosibirsk, Russia in 1976.


A1 is one of the leading players on the investment market in Russia and the CIS making equity investments in various industries, pursuing the interests of its shareholders, clients and partners. A1 focuses on investment projects of two types: special situations and growth strategies. Alfa-Bank (Russia), TNK, VimpelCom, Perekrestok and Rosvodokanal Group were originally A1 projects that later became strategic businesses for Alfa Group as well as core companies for the wider Russian economy. A1’s long-term interests are aimed at establishing strong and competitive businesses, producing modern and very high quality goods and services to satisfy Russia’s growing demand, and developing efficient organizational and management systems.