Last checked at 10 Sep 2010 11:17
X5 RETAIL GROUP ANNOUNCES APPOINTMENT OF ANTON VOLYANSKIY AS ACTING CFO
Amsterdam, 10 September 2010 - X5 Retail Group N.V., Russia's largest retailer in terms of sales, today announced that Supervisory Board is continuing executive search process to recruit the best candidate for the CFO position. Meanwhile the Board decided to appoint Anton Volyanskiy, currently Deputy CFO, as an acting CFO of X5 Retail Group following resignation of Evgeny Kornilov from this position.
Volyanskiy currently serves as Deputy Chief Financial Officer of X5 Retail Group since March 2008. Prior to X5, Voyanskiy served as CFO of Pharmacy Chain 36.6, a Russian health & beauty retailer. He also worked as a Finance Director for Eldorado, major electronics retailer, and Prodo Management, the largest agricultural holding in Russia. Anton has significant experience working in multinational companies, including SunInbev and Pepsi-Cola.
| For further details please contact
| |
| Egor Voytenkov Senior IR Manager Tel.: +7 (495) 662-8888, ext. 22 455 e-mail: egor.voytenkov@x5.ru
| Svetlana Vitkovskaya Head of PR Department Tel.: +7 (495) 662-8888, ext. 31 140 e-mail: svetlana.vitkovskaya@X5.ru |
Note to Editors:
X5 Retail Group N.V. is Russia's largest retailer in terms of sales. The Company was created as a result of a merger between Pyaterochka (soft discounter chain) and Perekrestok (supermarket chain) on 18 May 2006. In June 2008, X5 acquired Karusel hypermarket chain and substantially strengthened its position in hypermarket format.
As at 30 June 2010, X5 had 1,514 Company-managed stores located in Moscow, St. Petersburg and other regions of European Russia, Urals and Ukraine, including 1,135 soft discount stores, 275 supermarkets, 62 hypermarkets and 42 convenience stores.
As at 30 June 2010, X5's franchisees operated 610 stores across Russia.
For the full year 2009 X5's net sales totaled USD 8,717 mln, EBITDA reached USD 736 mln, and net profit amounted to USD 165 mln.
For the first half 2010, net sales totaled USD 5,184 mln, EBITDA reached USD 399 mln, and net profit amounted to USD 104 mln.
X5 Shareholder structure is as follows: Alfa Group - 47.9%, founders of Pyaterochka - 23.1%, X5 Management - 1.9%, treasury shares - 0.1%, free float - 27.0%.
Forward looking statements:
This announcement includes statements that are, or may be deemed to be, "forward-looking statements". These forward-looking statements can be identified by the fact that they do not only relate to historical or current events. Forward-looking statements often use words such as" anticipate", "target", "expect", "estimate", "intend", "expected", "plan", "goal" believe", or other words of similar meaning.
By their nature, forward-looking statements involve risk and uncertainty because they relate to future events and circumstances, a number of which are beyond X5 Retail Group N.V.'s control. As a result, actual future results may differ materially from the plans, goals and expectations set out in these forward-looking statements.
Any forward-looking statements made by or on behalf of X5 Retail Group N.V. speak only as at the date of this announcement. Save as required by any applicable laws or regulations, X5 Retail Group N.V. undertakes no obligation publicly to release the results of any revisions to any forward-looking statements in this document that may occur due to any change in its expectations or to reflect events or circumstances after the date of this document.