LSR Group Announces Changes in Management

LSR Group Announces Changes in Management

LSR Group announces that Andrey Nikitin resigned from the position of Chief Financial Officer (CFO) for personal reasons. Effective Andrey Nikitin's leave, Dmitry Kutuzov is appointed as an acting CFO, Yuri Ilyin in addition to his current responsibilities will also oversee investor relations.

LSR Group remains committed to its strategy, announced earlier this year: focus on profitability and net profit growth, as well as on the financial discipline and debt management.

"I have gained a valuable experience working at LSR Group. I'm confident in the company's success and that it will continue growing and creating the value for its shareholders" - says Andrey Nikitin.

For more information please contact:

LSR Group Investor Relations

E-mail: ir@lsrgroup.ru 

LSR Group Press ServiceTel.: +7 812 333 11 11E-mail: press@lsrgroup.ruwww.lsrgroup.ru