X5 Retail Group N.V. announces new appointments
14 Feb 2007
Amsterdam, 14 February 2007 – X5 Retail Group N.V., Russia's largest food retailer in terms of sales, has announced several new appointments to the Group’s management today.
Yuri Kobaladze was appointed Corporate Affairs Managing Director.
Mr. Kobaladze will be responsible for implementing the company’s corporate affairs policy, as well as maintaining relationships with state structures and government institutions.
Mr. Kobaladze graduated from Moscow State Institute of International Relations with a degree in international journalism.
Before 1999, Mr. Kobaladze worked for Russia’s Foreign Intelligence Service and held the rank of Major General.
Starting in January 1999, he worked as First Deputy of the General Director at the information agency ITAR-TASS.
From October 1999 until when he moved to X5, he worked as the Managing Director of the independent investment company Renaissance Capital.
António Melo was appointed Chief Operational Officer.
Mr. Melo will be responsible for the retail operations of stores of all formats, as well as creating an integrated logistics system.
Mr. Melo graduated from the Instituto de Empresas de Madrid (Business Institute of Madrid) and obtained a master’s degree in commercial managing and marketing.
Mr. Melo began his career in 1981 at the Portuguese supermarket chain SUPA.
From 1989 to 2005, Mr. Melo worked at the SHV Holding (MAKRO), where he ultimately reached the position of General Director of Makro Asia and managed the company in China, Thailand, the Philippines, Indonesia, Malaysia and Pakistan.
Yulia Anokhina was appointed Human Resources Director.
Ms Anokhina will be responsible for implementing the company’s HR policies.
Ms Anokhina graduated Minsk State Pedigogical Institute of Foreign Languages.
Ms Anokhina began her career working as a manager of compensation and bonuses at Philip Morris Management Services B. V. and then as HR Director at Bristol-Myers Squibb Products S. A. and Reemtsma. She has also worked as Vice President responsible for HR at YUKOS and the HR Director of Campomos (part of the Campofrio Group).
Before joining X5 Retail Group N.V., Ms Anokhina worked at Renaissance Capital, where she was the HR Director.
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Teimur Shternlib was appointed Chief Information Officer.
Mr. Shternlib will be responsible for implementing the company’s IT policies and for integrating the IT departments of the Group’s various chains.
Mr. Shternlib graduated Moscow State Institute of Steel and Alloys. Before joining X5 Retail Group N.V., Mr. Shternlib worked as the Chief Information Officer at Alfa Group Consortium.
Beginning in March 2006, Mr. Shternlib assisted in the process of merging Perekrestok and Pyaterochka as the Director of the IT Strategy Department.
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“With these important appointments, we are continuing to compose an international team of managers that has extensive and successful work experience at both the largest Russian companies and leading international retailers,” said Lev Khasis, Chief Executive Officer of X5 Retail Group N.V., when commenting on the appointments. “I am sure that the experience and professionalism of the appointed managers completely correspond with the level of importance and responsibility of the Group’s key objectives: continue the dynamic growth of the integrated company, bring the company’s business management to a qualitatively higher level and, as a result, ensure additional advantages for our customers.”
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.
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