REG - X5 Retail Group N.V - X5 Group launches search for new CFO

X5 Retail NVAnnouncement

04/04/2023 08:00

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RNS Number : 2106V  X5 Retail Group N.V.  04 April 2023

X5 GROUP LAUNCHES SEARCH FOR NEW CFO

Moscow, 4 April 2023 - X5 Retail Group N.V. ("X5" or the "Company", LSE
and MOEX ticker: FIVE), a leading Russian food retailer that operates the
Pyaterochka, Perekrestok and Chizhik retail chains, announces the upcoming
resignation of Vsevolod Starukhin, the Company's Chief Financial Officer. As
Vsevolod transitions to a new position, X5 is starting to look for a new
candidate to replace him following a handover of the CFO role.

Igor Shekhterman, CEO of X5 Group, said: "I am grateful to Vsevolod for his
professional skills and personal qualities that helped the Company not only
stay resilient in difficult times but also significantly improve its
performance over the past two years and effectively integrate new businesses,
driving the success of X5's strategy and cementing the Company's
industry-leading position. I am confident that by working together, we will
ensure a successful handover of the Company's finance management."

Vsevolod Starukhin said: "I highly appreciate the experience I gained in
retail during my time at such a large and ambitious company as X5. I plan to
return to the industrial sector as my next career move. I would like to thank
the entire X5 team for their commitment, their focus on becoming the
undisputed leader in food retail, and for the trust they placed in me."

 

 

Note to Editors:

X5 Retail Group N.V. (LSE and MOEX: FIVE; Expert RA - ruAAA; ACRA - AAA(RU))
is a leading Russian food retailer. The Company operates proximity stores
under the Pyaterochka brand, Perekrestok supermarkets and Chizhik hard
discounters. X5 provides an omnichannel experience to its customers,
integrating retail stores and e-commerce through its businesses Vprok.ru,
5Post and Mnogo Lososya.

 

As of 31 December 2022, X5 had 21,323 Company-operated stores. It has the
leading market position in both Moscow and St. Petersburg and a significant
presence in the European part of Russia. Its store base includes 19,164
Pyaterochka proximity stores, 971 Perekrestok supermarkets, 517 Chizhik hard
discounters and 595 Krasny Yar and Slata stores. The Company operates 53 DCs
and 4,386 Company-owned trucks across the Russian Federation.

 

X5 is one of the largest employers in Russia. The Company employs over 353
thousand people.

For the full year 2022, revenue totalled RUB 2,605,232 million (USD 38,005
million*), EBITDA pre-IFRS 16 reached RUB 186,788 million (USD 2,725
million*), and net profit pre-IFRS 16 for the period amounted to RUB 52,248
million (USD 762 million*).

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 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 Group N.V. speak
only as of the date of this announcement. Save as required by any applicable
laws or regulations, X5 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.

* FX rate: 68.5494 USD/RUB

 

 For further details please contact:
 Polina Ugryumova                                            Maria Yazeva
 Head of Corporate Finance and IR
Investor Relations Officer

Tel.: +7 (495) 662-88-88 ext. 27-300
Tel.: +7 (495) 662-88-88 ext. 13-147

e-mail:
e-mail:
 (mailto:%20Polina.Ugryumova@x5.ru)                          Maria.Yazeva@x5.ru (mailto:Maria.Yazeva@x5.ru)

 Polina.Ugryumova@x5.ru (mailto:%20Polina.Ugryumova@x5.ru)

 

 

 

 

 

 

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