Felix Yevtushenkov is a prominent Russian businessman and the chairman of the board of directors of Sistema, one of the largest diversified corporations in Russia. He is also the son of Vladimir Yevtushenkov, the founder of Sistema.
In this article, we will delve into the life and career of Felix Yevtushenkov and explore his contributions to the business world.
Early Life and Education
Felix Yevtushenkov was born on July 3, 1965, in Moscow, Russia. He grew up in a family of entrepreneurs, with his father being a successful businessman and his mother a renowned economist.
Yevtushenkov attended the Moscow State Institute of International Relations (MGIMO) and graduated with a degree in International Economic Relations. He then went on to earn a Master’s degree in Business Administration from the University of Chicago Booth School of Business.
Career at Sistema
After completing his education, Yevtushenkov joined Sistema in 1993 as the head of the company’s financial department. He quickly rose through the ranks and became the president of Sistema in 1997.
Under his leadership, Sistema expanded its operations and became one of the largest and most successful corporations in Russia. The company’s portfolio includes investments in telecommunications, oil and energy, banking, real estate, and other industries.
Yevtushenkov’s strategic vision and business acumen have played a significant role in the growth and success of Sistema. He has also been instrumental in establishing partnerships and joint ventures with international companies, further expanding the company’s global reach.
Key Contributions to Sistema
Yevtushenkov’s leadership has been crucial in the development of Sistema’s telecommunications arm, MTS. Under his guidance, MTS has become the leading mobile operator in Russia and one of the largest in Europe.
He has also been actively involved in the company’s expansion into the oil and energy sector. Sistema’s subsidiary, Bashneft, has become one of the top oil producers in Russia, thanks to Yevtushenkov’s strategic investments and partnerships.
In addition to his role at Sistema, Yevtushenkov also serves as the chairman of the board of directors of several of the company’s subsidiaries, including MTS, Bashneft, and Medsi, a leading private healthcare provider in Russia.
Philanthropy and Social Responsibility
Apart from his contributions to the business world, Yevtushenkov is also known for his philanthropic efforts and commitment to social responsibility.
He is a member of the board of trustees of the Russian Children’s Fund, a charitable organization that provides support and assistance to children in need. Yevtushenkov has also been actively involved in various initiatives to improve the quality of education in Russia.
Environmental Initiatives
Yevtushenkov is a strong advocate for environmental protection and sustainability. Under his leadership, Sistema has implemented various initiatives to reduce its carbon footprint and promote eco-friendly practices.
In 2019, Sistema launched a project to install solar panels on the roofs of its buildings, reducing the company’s reliance on traditional energy sources. Yevtushenkov has also been a vocal supporter of the Paris Agreement and has called for more significant efforts to combat climate change.
Controversies and Legal Battles
Despite his success in the business world, Yevtushenkov has also faced several controversies and legal battles throughout his career.
In 2014, he was arrested and charged with money laundering in connection with the acquisition of Bashneft. The charges were later dropped, and Yevtushenkov was released from house arrest after spending three months in detention.
The case sparked international attention and raised concerns about the Russian government’s treatment of business leaders. Yevtushenkov maintained his innocence throughout the trial and was eventually cleared of all charges.
Personal Life and Hobbies
Yevtushenkov is a private person and prefers to keep his personal life out of the public eye. He is married and has two children.
In his free time, Yevtushenkov enjoys skiing, tennis, and reading. He is also an avid art collector and has a significant collection of Russian and international art.
Conclusion
Felix Yevtushenkov is a highly successful businessman and a key figure in the Russian business world. His contributions to Sistema and the Russian economy have earned him recognition and respect both domestically and internationally.
Despite facing challenges and controversies, Yevtushenkov has remained committed to his vision and has continued to drive the success of Sistema. As he continues to lead the company, it is clear that his impact on the business world will be felt for years to come.