15 Jul 2021 08:00
MAGNIT PJSC (MGNT) Magnit announces organisational changes to accelerate e-commerce development and digital transformation 15-Jul-2021 / 10:00 MSK Dissemination of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.
MAGNIT announces organisational changes to accelerate e-COMMERCE development and digital transformation Krasnodar, Russia (July 15, 2021): Magnit PJSC (MOEX and LSE: MGNT; the Company, Magnit), one of Russia's leading retailers, announces changes to the Company's organisational structure in order to accelerate Magnit's digital transformation and focus on growing e-commerce sales. As part of the reorganisation, a new business unit has been established to oversee the development of Magnit's e-commerce sales channels and to continue to enhance the Company's e-commerce infrastructure. The business unit will be led by Andrey Lukashevich, who was recently appointed to the position of E-commerce director. Andrey is responsible for Magnit's continued e-commerce development and will report directly to Jan Dunning, Magnit's President and CEO. Going forward, a separate business unit will oversee the continuous development of Magnit's technology and IT-infrastructure as well as the Company's advanced analytics and big-data capabilities. As a result of these organisational changes, the position of Executive Director and Deputy CEO, currently held by Florian Jansen, will be made redundant. These changes are aimed at simplifying and speeding-up decision-making, ensuring more efficient cross-functional collaboration and accelerating the roll-out of Magnit's e-commerce strategy and infrastructure, including the implementation of cutting-edge IT-systems.
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ISIN: | US55953Q2021 |
Category Code: | MSCU |
TIDM: | MGNT |
LEI Code: | 2534009KKPTVL99W2Y12 |
OAM Categories: | 3.1. Additional regulated information required to be disclosed under the laws of a Member State |
Sequence No.: | 117443 |
EQS News ID: | 1219001 |
End of Announcement | EQS News Service |
UK Regulatory announcement transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.