QIWI plc announced that Mr. Boris Kim, a founding member of the Company and Chairman of the Board since 2013, will take on the position of the Chief Executive Officer effective January 15, 2020, following the resignation of Mr. Sergey Solonin, who has served in this capacity since 2012. Mr. Solonin will continue to serve as a member of the Board and has been appointed its Executive Chairman. In this position, Mr. Solonin will continue to be closely engaged in the management of the Company, concentrating primarily on QIWI’s long-term strategy including expansion into new business models and niches.

Mr. Boris Kim will remain a member of the Board but will step down from his role as Chairman of the Board and member of the Compensation Committee of the Board effective January 15, 2020. Aiming to further strengthen management team Ms. Maria Shevchenko is appointed as Deputy Chief Executive Officer of the Company. She will focus primarily on compliance, legal and back-office operations of the Company and support Mr. Kim in running day-to-day administrative and operational functions of the group together with other members of the senior management team.