The head of Power Machines, Alexander Konyukhov, is leaving the company due to delays in product delivery.

The head of JSC Power Machines, Alexander Konyukhov, is leaving the company on May 30 due to the failure to meet delivery deadlines. Alexey Podkolzin becomes the new CEO, the company said in a statement.

"Alexander Konyukhov has done a great deal of work and achieved certain results, for which he deserves gratitude. However, his departure is due to the failure to meet the deadlines for product deliveries," the statement says.

Alexey Podkolzin, who previously held the position of Deputy General Director for Production, becomes the new General Director of JSC Power Machines.

A. Podkolzin has significant experience in production and logistics management. From 2012 to 2023, he worked at Severstal, where he rose from the head of the project group to the director of production planning and logistics.

Immediately prior to joining Power Machines in October 2024, he held the position of Director of Logistics and Global Supply Chains at EuroChem.