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MAGNIT PJSC (MGNT)
PJSC 'Magnit' Announces CFO Appointment
02-Apr-2018 / 11:00 CET/CEST
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
Press Release
Krasnodar
April 2, 2018
PJSC "Magnit" Announces CFO Appointment
Krasnodar, Russia (April 2, 2018): Magnit PJSC, one of Russia's leading
retailers (MOEX and LSE: MGNT) announces Chief Financial Officer
appointment.
Elena Milinova has been appointed as Chief Financial Officer (CFO) of the
Company. The position was vacant from February 17, 2018 when Khachatur
Pombukhchan was appointed as Chief Executive Officer (CEO) of "Magnit".
Elena Milinova will be responsible for all the sets of issues related to the
Company's financial operations, as well as, new financial strategy
development and implementation.
"Magnit" CEO Khachatur Pombukhchan commented:
"Elena Milinova has great financial experience, is highly professional and,
most importantly, she is very familiar with retail. I am confident that her
deep knowledge and personal skills will enhance the efficient implementation
of our strategic plans. We are delighted that such a strong manager is
joining our team".
Elena Milinova said:
"Magnit" is a legend company which faces challenging but interesting tasks.
I hope that our joint efforts will return it to a leadership position in
industry".
In 2000, Elena Milinova graduated from Tolyatti Academy of Management,
specialising in Finance and Credit. In 2000-2004, she worked at the Russian
office of PricewaterhouseCoopers, an international audit company, in
2004-2007, she was employed with at Geotransgaz and Sollers ST.
In 2007-2014, Elena headed the financial unit of KAMAZ PJSC as the deputy
general director and member of the group's board, in 2014-2016, she worked
as the general financial director of ?5 Retail Group.
In August 2017, Elena Milinova became a financial director of Mega Farm
pharmacy chain (member of Marathon Group), and in December, she was
appointed the director for economy and finance of Marathon Group.
For further information, please contact:
*****************************************
Timothy Post Head of Investor Relations
Email: post@magnit.ru
Office: +7-861-277-4554 x 17600
Dina Svishcheva Deputy Director, Investor Relations
Email: Chistyak@magnit.ru
Office: +7-861-277-4554 x 15101
Media Inquiries Media Relations Department
press@magnit.ru
Company description:
Public Joint Stock Company "Magnit" is one of Russia's leading retailers.
Founded in 1994, the company is headquartered in the southern Russian city
of Krasnodar. As of December 31, 2017, Magnit operated 37 distribution
centers and 16,350 stores (12,125 convenience, 243 hypermarkets, 208 Magnit
Family stores and 3,774 drogerie stores) in 2,709 cities and towns
throughout 7 federal regions of the Russian Federation.
In accordance with the audited IFRS results for 2017, Magnit had revenues of
RUB 1,143 billion and an EBITDA of RUB 92 billion. Magnit's local shares are
traded on the Moscow Exchange (MOEX: MGNT) and its GDRs on the London Stock
Exchange (LSE: MGNT) and it has a credit rating from Standard & Poor's of
BB. Measured by market capitalization, Magnit is one of the largest
retailers in Europe.
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.: 5354
End of Announcement EQS News Service
670779 02-Apr-2018
(END) Dow Jones Newswires
April 02, 2018 05:00 ET (09:00 GMT)
