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Sergey Malakhov
Chief Procurement Officer @ Yandex
Professional Background
Sergey Malakhov is a distinguished and highly motivated senior Procurement professional based in Moscow, whose extensive international experience sets him apart in the competitive landscape of procurement management. With a career that spans various sectors, Sergey has demonstrated his ability to effectively strategize and negotiate, ensuring that specific business needs, compliance requirements, and budgets are met with precision and efficiency. His practical, hands-on experience at ground level within procurement management equips him with a solid understanding required to create and implement robust procedural frameworks.
Sergey is not just a skilled negotiator; he is also a strategic thinker deeply focused on customer satisfaction and commercial acumen. His solid management skills complement his expertise, enabling him to lead teams effectively and foster an environment conducive to fostering growth and development among his personnel.
Throughout his professional journey, Sergey has honed his skills in various key areas, including Procurement and Vendor Management, Category Sourcing, Cost Analysis, and Strategic Sourcing. His proficiency extends to Start-up Management, where he has effectively implemented procurement functions, created procurement procedures, and organized procurement departments tailored to meet specific organizational needs. Furthermore, he possesses significant experience in managing international projects and providing sourcing and procurement support during mergers and acquisitions (M&A).
Sergey’s remarkable background showcases his ability to budget and control performance while managing personnel autonomously. His strategic focus on both direct and indirect sourcing has enabled organizations to achieve substantial cost savings, enhancing their overall efficiency and operational effectiveness.
Education and Achievements
Sergey Malakhov pursued his studies in Human Resources Management at the Plekhanov Russian University of Economics, an institution renowned for its commitment to providing quality education in economics and business. His academic background has provided him with a solid foundation for understanding human resource dynamics, further complementing his procurement expertise.
Achievements
Sergey’s career is decorated with leadership roles that reflect his dedication and the high caliber of expertise he brings to the table. As the Chief Procurement Officer at Yandex, one of the leading technology companies in Russia, Sergey has played a pivotal role in shaping the procurement strategies that align with the company’s ambitious goals. Before his tenure at Yandex, he served as the Sourcing Director for Russia at Visa, where he was instrumental in managing sourcing strategies that supported Visa's robust operational needs in one of its critical markets.
His impressive resume also includes notable positions such as Sourcing Director in IT & Telecom for Société Générale – Russia, where he navigated complex procurement landscapes to drive efficiency and cost effectiveness. Sergey also contributed his expertise as the IT Procurement and Planning Officer at HSBC, helping to streamline procurement processes within the banking sector.
Before stepping into these high-profile roles, Sergey showcased his procurement prowess at Absolut Bank as the Procurement Head and earlier at Citibank as a Procurement Transactional Buyer. His foundational experiences began at Unilever, where he started as a Purchasing Department Specialist, gaining vital insights into the intricacies of procurement operations within the FMCG sector. This breadth of experience across different industries enhances his adaptability and depth of understanding necessary for impactful procurement management.
Additionally, Sergey is adept in various sectors, including FMCG, financial services, banking, IT, payment industries, fintech, and e-commerce. His diverse skill set not only highlights his versatility in procurement management but also positions him as a valuable asset to organizations seeking innovative solutions for their procurement needs.
