Evroset running leaderless after chief's contract expires

Russia's largest mobile phone retailer – Evroset – is running without a president and financial director after the company's head, Aleksey Chujkin, did not have his contract renewed when it expired on Thursday.

Evroset has been looking for a financial director since last month.  The job of the individual chosen for that position will be to prepare private equity deals and an IPO.

Discussions are currently underway with AFK Sistema and VimpelCom – owner of the Beeline brand – on buying a stake in the retailer.