Yandex announced the appointment of Tigran Khudaverdyan to the newly created position of Deputy Chief Executive Officer of the Yandex group. Arkady Volozh will continue to serve as CEO, as he has done since the company’s formation, while Greg Abovsky will continue to serve as Chief Operating and Financial Officer. He will also continue to be responsible for the development of several business units and experiments. Tigran Khudaverdyan joined the company in April 2006. Yandex also announced that Mikhail Parakhin, Chief Technology Officer of the Yandex group, has decided to return to the US West Coast following his family after a tremendous 5-year run with Yandex. Mikhail will continue to advise the Company and the Board.