Thursday, April 16 2020 17:24

ArmInfo.Ara Khachatryan was appointed as the new General Director of one of the leading telecommunication companies of Armenia - Ucom. According to the  company's press service, this decision was made on April 14 at an  extraordinary meeting of the Board of Governors convened urgently in  connection with the resignation of the former director Hayk Yesayan.

According to the report, before being appointed to this position, Ara  Khachatryan was a member of the Board of Governors of Ucom since  December 25, 2019.  REFERENCE: Ara Khachatryan graduated from YSU  with a bachelor's degree in economics. Received a master's degree at  the London <Business School> (Great Britain), and an MBA degree at  Columbia University <Business School> in New York (USA). He has  professional qualifications from international financial and  management institutions. During his work, he held key positions in  the international companies PWC, Baker Tilly, Path, and in recent  years he worked in the Galaxy group of companies. He teaches at the  American University of Armenia. He is a member of the Advisory Board  for Continuing Education of this university.

To note, on April 14, the Ucom Board of Governors dismissed Hayk  Yesayan, CEO of the company. In particular, the company's message  noted: "In the future, to ensure smooth operation, together with the  new CEO, the company plans to make investments and attract new  opportunities. There are no plans to reduce staff, especially in the  current situation in the country where communications play an  extremely important role. Ucom will continue remain the Armenian  communications provider. " To recall, on April 13, information about  the dismissal of more than 500 employees who allegedly wrote a letter  of resignation in connection with the dismissal of Hayk Yesayan, who,  together with his brother, owns 5.94% of the company's shares, was  actively spread in the media on April 13 by now the former management  of the company.  However, on April 14 in the morning the media  received a letter from Ucom employees, in which the latter denied  information about the mass dismissal of personnel.  Hayk Yesayan in a  letter explained the reason for his departure by disagreements  between him and Gurgen Khachatryan (head of the Board of Directors of  the company). 

It is noted that Yesayan offered to buy shares in the company  belonging to him and his brother, or to buy shares from other  co-owners for AMD 22 billion, and after a couple of days raising the  "rate" to 34 billion.  He was refused.  Moreover, Yesayan said that  his decision to leave the company was motivated by the fact that his  candidacy was not considered as the head of the company after the  possible merger of Ucom and Beeline Armenia.  Negotiations are  ongoing between the Galaxy group, which includes Ucom, and the  international company VEON, on the future development of the combined  company. The merger case is pending in the antimonopoly department of  Armenia.