Former Uralchem and FFC executive appointed Baltika's CFO

ST. PETERSBURG. May 21 (Interfax) - Mikhail Lopatin has been appointed chief financial officer of Baltika Brewing Company LLC, the company's press service said.

Lopatin will be responsible for defining the company's financial policy in line with its strategic objectives.

Lopatin has worked for around 22 years in corporate finance, specializing in business process optimization and automation, budgeting and financial flow control as well as the implementation of major investment projects.

Prior to joining Baltika, he held executive positions at Uralchem and First Freight Company (FFC).

The company did not disclose the name or the reasons for the departure of the previous CFO.

Baltika is the second-largest beer company in Russia, operating eight breweries and two malthouses.

In December 2024, Baltika, previously owned by Denmark's Carlsberg Group, was transferred to the ownership of VG Invest LLC (98.65%). The remaining 1.35% is held by Hoppy Union LLC, which is also owned by VG Invest LLC.