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Pin to quick picksX5 Retail Regulatory News (FIVE)

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X5 APPOINTS NEW CEO OF IT BUSINESS

31 Jan 2011 07:00

RNS Number : 3302A
X5 Retail Group N.V.
31 January 2011
 



 

 

 

X5 Retail group Appoints kirill grodinsky

as ceo of IT BUSINESS 

 

 

Amsterdam, 31 January 2011 - X5 Retail Group N.V., Russia's largest retailer in terms of revenue (LSE ticker: "FIVE"), today announced the appointment of Kirill Grodinsky as CEO of IT Business Company.

 

IT Business is a dedicated X5 group company for e-commerce and currently operates through www.bolero.ru and www.003.ru online stores.

 

IT Business posted 2010 net sales of USD 20.3 million and USD 6.9 million in the fourth quarter, while Q4 traffic averaged 50,000 customer visits per day with average ticket of USD 151.

 

Kirill Grodinsky has significant experience in FMCG and e-commerce. From 2006 to 2008 he served as general director of O-Courier (major delivery channel of OZON.RU in Moscow and St. Petersburg Regions). In November 2008 he was appointed Deputy CEO and Operational Director of OZON.ru. In February 2010 Mr. Grodinsky became the head of Alterwest, a Russian leader in ice cream and frozen foods. He graduated from St. Petersburg State Technical University, Faculty of Mechanics and Physics.

 

  

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 31 December 2010, X5 had 2,469 Company-managed stores located in Moscow,St. Petersburg and other regions of European Russia, Urals and Ukraine, including 1,392 soft discount stores, 301 supermarkets, 71 hypermarkets, 45 convenience stores and 660 acquired Kopeyka stores.

 

As at 31 December 2010, X5's franchisees operated 665 stores across Russia.

 

For the first nine months 2010, net sales totaled USD 7,798 mln, EBITDA reached USD 593 mln, and net profit amounted to USD 183 mln. For the full year 2010, net retail sales totaled USD 11,248 mln.

 

X5 Shareholder structure is as follows: Alfa Group - 47.9%, founders of Pyaterochka - 19.8%, X5 Management - 1.9%, treasury shares - 0.1%, free float - 30.3%.

 

 

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.

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCSDLSMFFFSEEF
Date   Source Headline
1st Feb 20073:45 pmRNSRuble bond issue
29th Jan 200710:43 amRNSStatement re. Press Comment
18th Jan 20077:02 amRNSQ4 2006 trading update
22nd Nov 20067:09 amRNSGDR Purchase Program
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3rd Nov 20067:54 amRNSNew Chairman of the Board
3rd Nov 20067:53 amRNS3rd Quarter Results
3rd Nov 20067:51 amRNS1st Half 2006 audited results
27th Oct 20067:14 amRNSChange of Name
26th Oct 200611:28 amRNSStatement re. Press Comment
18th Oct 20067:00 amRNSChairman of the Board change
17th Oct 20067:00 amRNSEGM Statement
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10th Oct 20063:19 pmRNSTrading Statement-Replacement
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3rd Oct 20069:18 amRNSDirector/PDMR Shareholding
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2nd Aug 20067:00 amRNSGDR Purchase programme update
27th Jul 20067:00 amRNSGDR Purchase
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18th Jul 20067:01 amRNSGDR Purchase Programme Update
14th Jul 20067:13 amRNSGDR Purchase Programme Update
13th Jul 20067:01 amRNSGDR Purchase Programme Update
10th Jul 20067:01 amRNSQ2 2006 Trading Update
3rd Jul 20069:16 amRNSTrading Statement
30th Jun 20067:03 amRNSGDR Purchase Programme
19th Jun 20063:40 pmRNSPrice Monitoring Extension
15th Jun 20067:02 amRNSTerm Loan Credit Facility
31st May 20068:21 amRNSAnnual Report and Accounts
31st May 20067:13 amRNS1st Quarter Results
31st May 20067:00 amRNSTerm Loan Credit Facility
18th May 20065:14 pmRNSCompletion of Transaction
12th May 20062:09 pmRNSEGM Statement
18th Apr 20067:21 amRNSFinal Results
12th Apr 20067:00 amRNSMerger with Perekriostok
6th Apr 20067:46 amRNSCompany Statement
8th Feb 20067:01 amRNSJanuary 2006 Sales Update
6th Feb 20067:20 amRNSCredit Rating
23rd Jan 20063:19 pmRNSCredit Rating
18th Jan 20067:11 amRNSAcquisition

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