PJSC Magnit Announces CFO Appointment

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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: [e-mail] 
 
                    Office: [phone] x 17600 
 
Dina Svishcheva Deputy Director, Investor Relations 
 
                          Email: [e-mail] 
 
                    Office: [phone] x 15101 
 
Media Inquiries          Media Relations Department 
 
                                    [e-mail] 
 
                         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)