Supervisory Board

Alfred Fenaughty has been a non-executive director since 2000 and became the Chairman of our board of directors in July 2008. Mr. Fenaughty is a co-founder, chairman of the board of directors and chief executive officer of InfiNet Wireless, a provider of wireless networking technology in Russia, as well as a co-founder and chairman of the board of the Center of Telephony Integration, a supplier of IP telephony systems. From 1993 to 2003, Mr. Fenaughty was a director of CompTek International. From 1965 to 1993, he served as president and chief executive officer of Information International. Prior to that, Mr. Fenaughty was vice president and general manager of the Western Division of Computer Control. Mr. Fenaughty received a bachelor’s degree in engineering in 1946 and a master’s degree in electrical engineering in 1947, from Columbia University.

Elena Ivashentseva has been a non-executive director since 2000. Ms. Ivashentseva is a partner at Baring Vostok Capital Partners, a Russian private equity firm. Baring Vostok structured and led the initial investment in Yandex in 2000 by Internet Search Investments Limited (the parent of ru-Net B.V.), in which Baring Vostok’s fund is the founder and largest shareholder. Since 2000, Ms. Ivashentseva has managed the investment in Yandex on behalf of Internet Search Investments Limited. She is also a member of the board of Ozon, Enforta, Centre for Financial Technologies, and InfiNet Wireless Ltd., and was previously a member of the board of directors of CTC Media, Inc., a leading Nasdaq-listed Russian television broadcaster, and other portfolio companies of Baring Vostok. From 1994 to 1998, Ms. Ivashentseva was a director of EPIC Russia, where she led telecom and media investments of the Sector Capital Fund. Ms. Ivashentseva received a master’s degree in finance and accounting from the London School of Economics and a diploma with honors in economics from Novosibirsk University. She is a charterholder of the CFA Institute.

Arkady Volozh is one of our co-founders and has been our Chief Executive Officer and a director since 2000. A serial entrepreneur with a background in computer science, Mr. Volozh co-founded several successful IT enterprises, including InfiNet Wireless, a Russian provider of wireless networking technology, and CompTek International, one of the largest distributors of network and telecom equipment in Russia. In 2000, Arkady left his position of CEO at CompTek to become the CEO of Yandex. Prior to this, the yandex.ru site was one of CompTek’s projects. Mr. Volozh has been working on search since the 1990s. Among his earlier achievements was the development of electronic search for use in patents, Russian classical literature and the Bible. Mr. Volozh holds a degree in applied mathematics from the Gubkin Institute of Oil and Gas.

Ben Cole has been a non-executive director since 2000 and was the Chairman of our board of directors until June 2008. Mr. Cole is the president and founder of Cole Management Inc., a Boston-based manager of venture capital investments in Russia and other countries of the former Soviet Union. Mr. Cole spent fourteen years as a director of Watson Wyatt & Company, from 1975 to 1989, after the company acquired his firm, Cole & Associates. Since establishing Cole Management in 1993, Mr. Cole has participated in investments in Russia’s technology sector, including investments in our company and in companies such as CompTek International and InfiNet Wireless Ltd. Mr. Cole received a degree in history and political science from New York University.

John Boynton has been a non-executive director since 2000, and will resign from the board prior to the closing of this offering. Mr. Boynton is the founder and chief executive of SchoolPulse, Inc., a social media company, and the president of Firehouse Capital Inc., a privately held investment company with investments in a variety of early stage companies. He also serves on the boards of several non-profit organizations. Mr. Boynton served as a founder and managing director of Wilson Alan LLC from 2001 through 2006, as vice president of corporate strategy and development at Forrester Research from 1997 to 2001, as a strategy consultant with Mercer Management Consulting from 1995 to 1997, and as co-founder and president of CompTek International from 1990 to 1995. Mr. Boynton has a degree in history from Harvard College.

Esther Dyson has been a non-executive director since 2006. Ms. Dyson is an active investor and board member in a variety of IT, health care and aerospace start-ups, and also sits on the board of WPP Group, a global communications company. She started her career as a fact-checker for Forbes Magazine, and then spent five years as a security analyst on Wall Street. At New Court Securities, she comprised the sell-side research department and worked on the initial public offering of Federal Express, among others. At Oppenheimer & Co., she followed the nascent software and personal computer markets. From 1982 to 2004, as owner of EDventure Holdings, she edited the newsletter Release 1.0 and ran the annual PC Forum conference. She sold EDventure to CNET in 2004, and reclaimed the name when she left CNET at the beginning of 2007. Her Russian interests have included advisory board seats with both IBS Group and SUP/Live Journal, and investments in Epam and UCMS. In the United States, she is on the boards of 23andMe, Meetup, Eventful and others. She was an early investor in Flickr and del.icio.us (sold to Yahoo!), Medstory and Powerset (sold to Microsoft), Brightmail (sold to Symantec), and Postini (sold to Google), among others. She has a BA in economics from Harvard, and is the author of “Release 2.0: A design for living in the digital age” (1997), which has been translated into 18 languages.

Ilya Segalovich is one of our co-founders and has been our Chief Technology Officer and a director since 2000. He began his career working on information retrieval technologies in 1990 at Arcadia Company, where he headed Arcadia’s software team. Mr. Segalovich placed second in the All Soviet Union Math Olympiad in 1981. Mr. Segalovich received a degree in geophysics from the S. Ordzhonikidze Moscow Geologic Exploration Institute.

Leonid Boguslavsky has been a non-executive director since 2000, and will resign from the board prior to the closing of this offering. Mr. Boguslavsky is the chairman of, and was one of the initial investors in, Internet Search Investments Limited, an investment fund that has made a number of investments in leading Russian internet and information technology companies, including our company. From 1997 to 2001, Mr. Boguslavsky was a partner at PricewaterhouseCoopers, where he served as the head of its Russian management consulting service practice. In 1990, Mr. Boguslavsky formed an information technology company named LVS, which became the sole distributor of Oracle software in the countries of the former Soviet Union.

Ilya Umansky is a member of Yandex’s board of directors since 2000. He is Director of Marketing and Sales of ZyXEL Russia, charged with operations of ZyXEL Communicaions Corp, a leading Taiwanese networking company, in Russia, countries of the former Soviet union and part of South-Eastern Europe. Prior to joining ZyXEL in 2004, Mr. Umansky was with Cisco Systems International B.V. as Regional Channel Manager at its Moscow Representative Office. Ilya has a degree in applied mathematics from Moscow University of Steel and Alloys, and a Master’s degree in Economics from the Higher School of Economics.