Dmitry Doev takes the helm of VIS Group’s parent company

VIS Group meeting of shareholders has appointed Dmitry Doev as the head of the holding's parent company. On September 10, 2021, he assumed the duties of the CEO of VIS Group (AO).

The decision to involve a well-known Russian top manager in the management of operational activities was made as part of a long-term development strategy and strengthening of the management team. In the early 2000s, Dmitry Doev headed VIS Production Company (now the holding's construction division), and subsequently held senior positions in Gazprom's structures. He was responsible for creating a holding company tasked with the repair and maintenance of gas infrastructure facilities, which employs about 20,000 specialists. Under his leadership, Gazprom's repair assets were consolidated, and integrated management and technological processes were launched.

“The appointment of Dmitry Doev as the head of the holding's parent company meets the development challenges we are facing today,” said Igor Snegurov, Chairman of the Board of Directors of VIS Group. “The holding has formed six specialized divisions with dozens of subsidiaries, our business is expanding its geographic footprint, we are entering new industries. Dmitry Doev is known as one of the most effective leaders with experience in building complex business processes and successful management of holding companies. We have known each other for a long time and have been negotiating for some time about the possibility of him joining our team.”

In mid-August 2021, VIS Group confirmed its A(RU) credit rating from the Analytical Credit Rating Agency (ACRA) and received a new ruA rating with a “stable” outlook from the Expert RA rating agency. Analysts noted the high level of corporate governance and strategy development.

“We are working on the development of qualitatively new management mechanisms,” said Viktor Ivanov, a member of the Board of Directors. “I am confident that Dmitry Doev’s extensive professional experience and deep understanding of integration and consolidation of business processes will have a significant multiplier effect for the Group.”

The new CEO of VIS Group (AO) will focus on improving the quality of management, minimizing construction and other industrial risks, and developing and implementing new corporate standards for the operating activities of the vertically integrated holding.

“Today VIS Group is one of the leaders of Russia’s infrastructure market. Empowering the top management team will effectively sum up the project experience of different divisions, accumulate, process and apply it in the holding’s new investment initiatives,” said Sergey Romashov, a member of the Board of Directors.

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