Vladimir Yevtushenkov: Entrepreneur and Philanthropist

By Greg Grzesiak Greg Grzesiak has been verified by Muck Rack's editorial team
Published on April 18, 2023

Name: Vladimir Yevtushenkov · Vladimir Petrovich Yevtushenkov · Yevtushenkov Vladimir Petrovich · Yevtushenkov Vladimir · Yevtushenkov V.P.  · Vladimir Evtushenkov · Vladimir Petrovich Evtushenkov · Evtushenkov Vladimir

Yevtushenkov Vladimir Petrovich is a successful businessman who created the holding company AFK Sistema, which develops telecommunications, retail, real estate, agriculture, wood processing, and other sectors of the local economy.

Yevtushenkov Vladimir: The Man

Vladimir Yevtushenkov comes from the Smolensk Region, where his parents worked in the dairy industry. He was born on September 25, 1948.

Yevtushenkov Vladimir loved studying science in school and even dreamed of becoming a scientist. After serving in the army, he entered Mendeleev University. After graduating in 1973, he was assigned to work as a craftsman in one of the enterprises in Dzerzhinsk.

The Vladimir Yevtushenkov biography moved to a major plastics plant in the capital in 1975, where the future businessman worked for the next 12 years. During this period, he went from being a workshop manager to the deputy head of the entire organization. At the same time, Yevtushenkov Vladimir Petrovich also earned a second degree from MSU. In 1986, he wrote his Ph.D. thesis on preparing the production of plastic products.

Vladimir Yevtushenkov, AFK Sistema: The Beginning

Yevtushenkov Vladimir decided to start his own business after several years in various management positions. In 1993, he and some like-minded individuals created the investment corporation Sistema. A construction holding and a mobile operator soon became part of the Group’s biography. Vladimir Yevtushenkov himself initiated the investment support for these companies. The Group was heavily involved in the telecommunications industry in the coming years.

In 1994, the holding company ventured into banking and also invested in selling children’s toys and clothing, which there was a severe shortage of in the early 1990s. At the initiative of Vladimir Yevtushenkov, AFK Sistema acquired a 43% stake in a children’s goods retail chain, which marked the beginning of the formation of the largest domestic network selling childhood and motherhood products.

Vladimir Yevtushenkov’s holding company sold its mobile operator shares two years later and acquired shares in another mobile operator. Sistema also acquired a clinic in the capital and reorganized it into the first medical center of a future network of clinics. The company later became a leader in private healthcare. In 1998, despite the economic crisis, Sistema established an insurance holding.

Vladimir Yevtushenkov, AFK Sistema
Vladimir Yevtushenkov, AFK Sistema

Vladimir Yevtushenkov initiated the IPO of Sistema’s telecommunications assets in 2000. The first branches of the chain of children’s stores outside the capital were opened that same year. The holding also became a member of the Davos Forum, and the corporation founded by Yevtushenkov Vladimir Petrovich created its own telecom operator.

The Vladimir Yevtushenkov biography also includes philanthropic activities, most notably with Sistema’s charitable foundation that he established nineteen years ago. It operates in the fields of education, culture, and support for gifted youth. The corporation founded by Yevtushenkov Vladimir also established a development company that specializes in residential and commercial real estate in the capital. The magazine Euromoney recognized the holding company as the best corporate borrower in Eastern Europe.

In 2005, Sistema consolidated its fixed-line communication assets. The company also began investing in media. But the main event of the year was the holding’s successful IPO.

The Vladimir Yevtushenkov biography was already associated with investments in healthcare when he initiated the establishment of a healthcare enterprise in 2006. The structure includes its own research and development division. Also, in 2006, the Group became the largest shareholder of a well-known hotel.

Vladimir Yevtushenkov’s able management helped Sistema enter the list of the top ten domestic employers the following year, according to the Executive managers’ community. At the same time, the company consolidated its medical assets into a closed joint stock company and also invested money in the film industry. In 2009-2010, Sistema exited the insurance business, selling its relevant securities. 

Vladimir Yevtushenkov, AFK Sistema: Further Expansion

Yevtushenkov Vladimir Petrovich turned his attention to agribusiness in 2011. Sistema acquired two agricultural enterprises in the Rostov Region with a total area of 39,000 hectares. In the same year, the corporation approved a new strategy providing for the transition from an operational holding model to an investment company, and the Group’s assets were divided into two categories: basic and developing.

The holding began agricultural endeavors in 2012 when it concluded a contract to form a joint venture with a land bank of 90,000 hectares. Sistema also began implementing GPON networks in the capital, providing residents with internet access at speeds of about 100 Mbps.

In 2013, the merger of Sistema’s healthcare assets with a pharmaceutical group of companies was initiated by Vladimir Yevtushenkov. AFK Sistema reduced its stake in its initial pharmaceutical holding, while the new holding included European-level production sites and distribution divisions. At the same time, the holding, co-founded by Vladimir Yevtushenkov, bought 51% of a real estate company. At that time, the company’s portfolio included 76 sites with a total area of 178,000 square meters. Sistema later increased its stake in the shares.

In 2014, Sistema’s agricultural assets were consolidated into a holding, thus initiating a new stage in the company biography. Vladimir Yevtushenkov set about integrating IT systems into agribusiness, and the agroholding allocated considerable sums of money for AI, cloud technologies, robotic agricultural machinery, and other advanced know-how. The company co-founded by Vladimir Yevtushenkov, AFK Sistema, also entered the timber processing industry when it bought the corresponding assets from a bank in 2014. The assets were then consolidated into a holding.

2014 was also a year of active investments in retail. The holding and its affiliated structures bought part of the shares of one of the largest online hypermarkets in the country. Sistema also acquired a stake in a fast-growing clothing supermarket chain.

2015 proved to be no less eventful. Sistema sold its stake in the children’s goods retail chain to another investment fund, and its timber holding acquired a plant producing various wood building materials. Sistema’s telecom structure launched 4G networks in all 83 regions where it operates and also started testing 5G connections. Additionally, Sistema increased its stake in its clinic network, which helped significantly increase its management efficiency.

In 2016, Sistema acquired seven hotels in various cities, and a new healthcare center opened in the capital. The construction of the center was the largest investment project in company history up to that point.

The Vladimir Yevtushenkov biography was associated with the chain of children’s stores for more than 20 years, and in 2017, he initiated the retailer’s IPO. Sistema also completed the modernization of the timber holding’s pulp and paper mill with the help of the best local and foreign specialists. To manage its hotels, the corporation established a hotel group, and as a result of cooperation with several other groups, retail stores of a popular children’s clothing network were opened abroad.

In March 2018, Sistema’s agricultural holding opened its fifth dairy farm, the timber holding commissioned the second stage of a plywood plant, and Sistema entered a new industry with the acquisition of a textile enterprise. The year was also marked by investments in the pharmaceutical industry. In collaboration with partners from the banking sector and the management of a local pharmaceutical company, Sistema bought 13% of a major pharmaceutical enterprise.

Yevtushenkov Vladimir oversaw the corporation’s acquisition of a greater stake in a major domestic online retailer in the spring of 2019. In addition, the Group bought a part of the shares of a major real estate developer from its founder. The corporation also expanded its pharmaceutical assets by acquiring shares in two more enterprises. In 2020, the structure created by Vladimir Yevtushenkov divested its shares of the children’s store chain.

During the pandemic years, Sistema made a significant contribution to the efforts against COVID-19. One healthcare center became the first among commercial medical institutions to be repurposed as a hospital, and the network’s branches began COVID testing while the corporation also worked on developing newer testing systems. Mask production began at the textile enterprise, and Sistema’s hotel group provided rooms for healthcare workers. The timber holding also offered assistance to a hospital in Karelia.

Vladimir Yevtushenkov oversaw the agroholding’s acquisition of a major local cheese producer in 2021. The pharmaceutical holding also opened offices in several neighboring countries that year. 

During his time at AFK Sistema, Vladimir Yevtushenkov received numerous industry awards, but in 2022, he stepped down from leadership positions in the holding.

Yevtushenkov Vladimir Petrovich: Public and Academic Activities

The Vladimir Yevtushenkov biography is also bound up with cultural and educational activities. Since 2004, he has chaired the board of trustees of a fund that supports the largest art museum in St. Petersburg. With Yevtushenkov Vladimir’s support, the museum has updated several exhibitions, introduced new technologies, and launched inclusive programs for different categories of visitors.

Vladimir Yevtushenkov has also published several academic papers on economics.

Vladimir Yevtushenkov: Family and Hobbies

Yevtushenkov Vladimir Petrovich met his future wife, Natalia Nikolaevna, as a young man. In the 1970s, the couple had a daughter and a son.

Yevtushenkov Vladimir enjoys playing tennis.

By Greg Grzesiak Greg Grzesiak has been verified by Muck Rack's editorial team

Greg Grzesiak is an Entrepreneur-In-Residence and Columnist at Grit Daily. As CEO of Grzesiak Growth LLC, Greg dedicates his time to helping CEOs influencers and entrepreneurs make the appearances that will grow their following in their reach globally. Over the years he has built strong partnerships with high profile educators and influencers in Youtube and traditional finance space. Greg is a University of Florida graduate with years of experience in marketing and journalism.

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