Aeroflot appoints Andrey Panov as Deputy CEO for Strategy and Marketing

28 December 2018

Moscow, 28 December 2018 – Andrey Panov has been appointed PJSC Aeroflot Deputy Chief Executive Officer for Strategy and Marketing. The appointment was approved by the Board of Directors and was confirmed on 26 December 2018.

Prior to joining Aeroflot, Andrey Panov was employed at “Big 3” consulting firm Bain & Co since 2010. He was progressively promoted from consultant up through the ranks to project leader and then Partner in Bain’s Moscow office. During his tenure as a strategy consultant, Mr. Panov earned a reputation as an expert in aviation, finance, digital and education. He led projects for some of Russia’s largest banks, transportation companies and non-profit groups in the field of education. At Bain, he also helped develop the strategy for Russia’s first low-cost carrier, Pobeda Airlines.

While at Bain he played a key role in developing Aeroflot Group’s Strategy 2023. In his new role, Andrey Panov will be part of the team charged with implementing this approved strategy, which calls for carrying 90-100 million passengers by 2023, when Aeroflot will celebrate its 100thanniversary. Low-cost carrier Pobeda will be a key growth driver, with plans for the airline to carry 25-30 million passengers per year.

Andrey Panov is a graduate of the mechanical-mathematical department of Moscow State University, and holds a Ph.D. in physics-mathematics and completed an MBA at INSEAD. Prior to joining Bain, Mr. Panov was finance editor and deputy online editor at business daily Vedomosti.