Felix Yevtushenkov: Working with AFK Sistema’s core assets in the past and investing in IT today

Yevtushenkov Felix: Work in the investment company

AFK Sistema is involved in almost 20 sectors of the economy. To optimize its work with diversified assets, the financial company changed its management structure in 2011. Sistema transformed to a full-fledged investment holding and began restructuring its industry divisions into new business units.

Responsibility for the strategic development of one of these clusters fell to Felix Yevtushenkov. AFK Sistema had already entrusted him with the management of the assets that were previously part of the company’s consumer portfolio. His responsibilities included working with a major developer, a retail network for children’s goods, a tourist company, and a network of medical clinics. Felix Yevtushenkov mainly focused on scaling businesses and mitigating the consequences of the 2008 financial and economic crisis, which had varying degrees of impact on the entire commercial sector. Thanks in large part to the managerial decisions of Felix Yevtushenkov, AFK Sistema was able to come out of the crisis largely unscathed.

Yevtushenkov Felix Vladimirovich was fully prepared for his appointment as the manager of the investment holding’s core assets. He later explained to journalists that when you gain expertise in business development, the field no longer matters. The administrative process itself is governed by certain scientifically justified rules. Felix Vladimirovich Yevtushenkov emphasized that experience plays a key role in such work, determining the quality and effectiveness of business strategies.

Felix Yevtushenkov focused his efforts in his new position on developing a pool of companies, including the leading telecom operator and oil refining enterprises, and on projects in the petrochemical sector. Felix Yevtushenkov became a member of the management of a company that manufactured products from polymer materials.

Felix Yevtushenkov was heavily prepared for the development of projects in the oil refining sector. He earned a second degree from the Gubkin State University of Oil and Gas and also traveled to oil fields in the Nenets Autonomous Okrug and personally visited production sites in the Volga Region.

At AFK Sistema, Felix Yevtushenkov focused on achieving financial and corporate transparency. The top manager worked on establishing an effective organizational structure, developing a strategy for sustainable growth, and creating a unified production chain.

During his time at AFK Sistema, Felix Yevtushenkov was also responsible for the development of another core asset — the telecommunications business. He helped the leading mobile operator grow into a full-fledged IT company, creating and acquiring innovative projects.

Felix Vladimirovich Yevtushenkov was managing the company in 2011, during a period of rapid technological development in the industry market. With his help, the company tripled the pace of construction of wireless 3G networks, which significantly increased data transmission speed and reduced the cost of services. In addition, the overall wireless coverage area expanded to 97% of the country’s populated territories. In just one year under Felix Vladimirovich Yevtushenkov, the number of active mobile internet subscribers increased by a quarter, and internet traffic consumption increased more than three times over. At the same time, the operator actively built and acquired fixed-line networks.

Felix Yevtushenkov also guided the telecom giant’s active development of new service plans and services for various groups of subscribers. The process of implementing a set of specialized business applications for personnel management was also completed.

Yevtushenkov Felix helped the company launch an international competition for innovative projects among young people. Its key task was to search, select, and support projects that significantly improve the quality of people’s lives through information technology. Felix Yevtushenkov’s team was interested in all projects in the telecom field, whether they were at the idea stage or fully ready for operation.

Yevtushenkov Felix Vladimirovich: The continuation of his career

At AFK Sistema, Felix Yevtushenkov developed a strong background in business development in various industries, and by today appeared personally engaged in investments in the technology market. As an investor, he is an active supporter of the digital transformation of the domestic economy. According to the entrepreneur, IT assets represent a real challenge because information technology is a very complex industry for both business and the country as a whole.

Yevtushenkov Felix is involved in high-risk investments in technology business projects today, looking for promising finance, marketing, multimedia technologies, entertainment, and lifestyle ideas that can be scaled for mass consumers.

Yevtushenkov Felix Vladimirovich also invests in AI startups. The top manager is convinced that businesses related to artificial intelligence and machine learning are the technological future. When looking for promising projects, he focuses on solutions that involve using AI for the benefit of society.

Yevtushenkov Felix Vladimirovich’s investment activity is entirely permeated with the social concept. In addition to projects aimed at solving social problems, he develops charitable initiatives in various fields, primarily concerning issues of access to education and introducing new technologies into life, the dissemination of knowledge and culture, and equal access to volunteering opportunities. With the direct participation of Felix Yevtushenkov, an EdTech project was created that not only provided young people with access to the latest educational courses, but also made it possible to improve their level of professional skills and undergo internships in leading companies in the country.