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X5 Retail Group Announces Results​ of ​AGM

May 10, 2016. TAG: Retail Trade

X5 Retail Group N.V. (‘X5’ or the ‘Company’), a leading Russian food retailer (LSE ticker: “FIVE”), announces the results of the Company’s Annual General Meeting of Shareholders (the ‘AGM’) held on Tuesday, 10 May 2016.

All of the resolutions proposed to the AGM were approved by the shareholders and holders of global depository receipts.

The key items resolved at the AGM include the adoption of the financial statements for the financial year 2015, appointment of Mr. Andrei Elinson as member of the Supervisory Board, and amendment of the remuneration policy for members of the Supervisory Board.

Andrei Elinson

Director of Asset Management - CTF
Andrei Elinson joined CTF in December 2015 as Director of Asset Management. Currently, Mr. Elinson is a member of the Board of Directors of ABH Holdings S.A. and a member of the Supervisory Board of X5 Retail Group. Prior to joining CTF, Mr. Elinson was Deputy CEO of Basic Element, where he worked from August 2007 being responsible for managing companies in aviation, construction, automotive, financial and other industries. From 1997 to 2007, Mr. Elinson worked at Deloitte CIS and later became a Partner in 2005. Mr. Elinson graduated with honours from the Russian State Finance Academy, Accounting & Auditing faculty. Mr. Elinson is a US Certified Public Accountant and a US Certified Fraud Examiner. He holds a Certificate in Company Direction (UK). Mr. Elinson was born in Moscow, Russia in 1979.

X5 Retail Group

X5 Retail Group is the leading food retailer in Russia. X5 shares are listed on London Stock Echange (LSE) in the form of Global Depositary Receipts. The Company operates several retail formats, including the chain of conveniently located proximity stores under the Pyaterochka brand, the supermarket chain under the Perekrestok brand, the hypermarket chain under the Karusel brand and Express convenience stores.