In the framework of the implementation of its Strategy, Sber has decided to make changes to its organizational structure that will enhance client centricity. The changes announced will be implemented by June 1, 2022. The company has also made a number of management changes.

Alexander Vedyakhin, first deputy chairman of the executive board, will oversee the development of the B2B ecosystem. He will also supervise the Sales Network Unit. As of June 1, 2022, Vedyakhin will also take over the International Business Unit and horizontal coordination of all the bank's subsidiaries specializing in services for legal entities.

Sberbank's Supervisory Board has decided to introduce a first deputy chair of the executive board that will oversee the B2C ecosystem. In the case of a favorable decision by the Central Bank of the Russian Federation, Kirill Tsarev, currently deputy chairman of the executive board and head of Sberbank's Retail Business Unit, will be appointed to the position. Starting February 16, 2022, Kirill Tsarev will oversee the Wealth Management Unit in addition to Retail Business.

Starting June 1, 2022, he will also take over the horizontal coordination of all bank subsidiaries specializing in services to retail clients. Kirill Tsarev joined the Sberbank team in 2011 as deputy CEO of Sberbank Leasing, which he soon led. In 2018, he moved to the position of CIB department director.

In 2020, he joined the Sberbank Executive Board as a deputy chairman and the head of Retail Business. In the case of a positive decision by the Central Bank of the Russian Federation, the Sberbank Supervisory Board will appoint CFO Alexandra Buriko to the position of deputy chair of the executive board. Alexandra Buriko joined Sberbank in January 2020 as senior vice president and CFO.

She joined the executive board in October of that year. She served as CFO of RUSAL Group from 2013 to 2019 and was CEO of RUSAL Group from March to May 2018. Sberbank's Supervisory Board also considered a request from First Deputy Chairman Lev Khasis, who has decided to conclude his work on the board in order to pursue his own projects.

The supervisory board has agreed to relieve him of his position effective June 1, 2022, after which Khasis will continue to work with Sber as a consultant and will become president and chairman of the board of directors of the e-commerce holding that will be established by Sber. The units, divisions, and subsidiaries currently supervised by Lev Khasis will be transferred to Alexander Vedyakhin and Kirill Tsarev, first deputy chairman of the executive board, other members of the executive board, or placed under the direct supervision of Herman Gref, CEO and chairman of the Sberbank Executive Board, by June 1, 2022. Lev Khasis joined Sberbank in 2013 as first deputy chairman of the executive board and has significantly contributed to its development.