OREANDA-NEWS. April 19, 2011. New chairman of the Executive board has been appointed in Azerbaijan’s key financial & industrial group AtaHolding, reported the press-centre of AtaHolding.

Farid Fuad oglu Asadov has been carrying out the position of chairman of the executive board in AtaHolding since 4 April, 2011.Gafar Mahir oglu Gurbanov who held this position from 7 November 2006 to 4 April 2011 has been elected a member of the AtaHolding Supervisory Board. Farid Asadov was born in Ganja on 7 July, 1974.

He entered the Baku Institute of Political Science & Social Management in 1991 and graduated the institute with an honoured diploma in 1996. In 2007, Farid Asadov continued his education at the Business Administration Faculty of the National Economy Academy under the Russian Federation government and in 2009 received the highest degree MBA in the speciality of “ Business Management Company”.From March 2000 to June 2001 Farid Asadov worked as deputy general director for conclusion of insurance contracts in an English-Azerbaijani insurance company.

From August 2002 to March 2004 he held office of the head of Marketing & Business Relations Department, and from April 2004 the office of the sales & marketing director in the International Insurance Company. On 15 October 2005 Farid Asadov was appointed the deputy chairman of the Executive board in AtaSigorta OJSC, and on April, 2 2007 by decision of the AtaSigorta Supervisory Board was appointed chairman of the Executive Board of AtaSigorta. On June 1, 2009 AtaSigorta realized corporate governance in compliance with insurance legislation. AtaSigorta Board of Directors was established according to taken decisions and Farid Asadov was elected the chairman of the Director’s board in the Company from 1 June 2009 to the present day.