Euroset, Russia's largest mobile phone retailer with 5150 outlets and 23% market share, has no president (nor financial director) after Aleksey Chujkin did not have his contract renewed. Discussions are currently underway with AFK Sistema and VimpelCom (Beeline brand) who may buy a stake in the retailer.

Euroset, a $5 billion company, sold 12.6 million handsets in 2007 at an average price of $201, or 6.1% more than in 2006.

Euroset has also been looking for a financial director since last month.  The job of the individual chosen for that position is expected to establish private equity deals and an IPO. Presumably Chairman and Founder Evgeniy Chichvarkin is minding the store.

Euroset earlier this year launched its own SIP-telephony competition to Skype for Russia.

Go Euroset