Moscow Exchange announced that Alexander Afanasiev is stepping down as CEO of the company, a post which he assumed in June 2012, and will be replaced by Yury Denisov, who has already held a management position. As a result of the succession planning process process, the Board has recommended the appointment of Yury Denisov as Chief Executive Officer, pending approval of his candidacy from the Bank of Russia. Upon this approval, the Board plans to confirm Yury Denisov in this role. Alexander Afanasiev will remain as CEO until 15 May 2019.