New ALROSA President: 'No Change to Company's Strategy'

Finance and Trade
23/06/2015 07:22

Andrei Zharkov, who was appointed in April, says no changes are needed regarding the miner's existing long-term strategy although there may be "manual adjustment" of some sales policy mechanisms to increase efficiency during slowdowns or at a time of rising prices. "I don't think it is now necessary to adjust the strategy and the long-term program of ALROSA. The company has taken certain decisions on strategic development and it is moving in accordance with them," he told Interfax on the sidelines of the St. Petersburg International Economic Forum.