The supervisory board of ALROSA Joint-Stock Company, the world's largest diamond producer has, at a meeting held yesterday, confirmed the appointment of Sergey Ivanov as its new president.

Just prior to his new appointment, Ivanov was senior vice president and head of the Welfare Management of PJSC Sberbank. He is also a member of the boards of directors of Rosneftegaz, NPF Gazfond, Sberbank Asset Management, Sberbank NPF, Sberbank Insurance, Sberbank Life Insurance.

Ivanovis an Economics graduate from the Moscow State Institute of International Relations and has also completed his degree in finance and credit.

During his career, he has held various positions in the State Investment Company and OAO Gazprom; worked as vice president, first vice president, deputy chairman of the board of JSC GAZPROMBANK; and was chairman of the board of SOGAZ.

He was honored with letters of merit by the President of the Russian Federation and the Prime Minister of the Russian Federation and has also won many departmental awards.