Sberbank CEO Gref to remain on Yandex board despite governance changes

Russian internet firm Yandex said Sberbank CEO German Gref will stay on as a board member, despite the company announcing changes to its corporate governance structure on Monday.

A 'golden share' in Yandex, which Sberbank currently holds will be transferred to a new Public Interest Foundation (PIF), as part of a move to allay Russian government concerns over potential foreign influence at the company. (Reporting Nadezhda Tsydenova; writing by Alexander Marrow; editing by Jason Neely)