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MAGNIT PJSC (MGNT)
PJSC 'Magnit' Announces Management Appointments
18-May-2018 / 09:25 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
May 18, 2018
PJSC "Magnit" Announces Management Appointments
Krasnodar, Russia (May 18, 2018): Magnit PJSC, one of Russia's leading
retailers (MOEX and LSE: MGNT) announces management appointments.
Artem Smolenskiy has been appointed as Deputy Executive Director,
Operations. He will be responsible for operational management of all the
store formats.
The HR and Administrative Management Directorate has been established in the
Company's organizational structure. Ms. Tatyana Knyazeva has been appointed
the Head of this Directorate. She will be responsible for the following
areas related to HR management: organizational development, recruitment,
training, staff development, incentive system, corporate culture, and
internal communications.
"We continue to work on the improvement of customer service and realize that
it depends a lot on our employees. Therefore, we made a decision to
strengthen these two directions at the same time - store formats operations
and the HR unit. We are pleased to have Artem and Tatyana joining our team.
They have all the necessary professional skills and knowledge, which will
support the improvement of the Company's efficiency", commented Khachatur
Pombukhchan, CEO of PJSC "Magnit".
Note to Editors:
In 2000, Artem Smolenskiy started his career in retail at Polaris Computing
Center chain. Then he worked at Dixy Group for five years as the Head of
Sales. In 2010-2011, Mr. Smolenskiy was the Head of FMCG "Raytsentr" chain
in Nizhny Novgorod. From 2011 to 2014, he was Managing Partner in Noretek
Group. During the period of February, 2014 to May, 2018, Mr. Smolenskiy held
various senior positions in operational management at the "Pyaterochka"
retail chain.
During the period of 1998 to 2002, Tatyana Knyazeva headed the HR department
of the East Line Company. From 2002 to 2008, she held various senior HR
positions at "Rosgosstrakh". From 2009 to 2011, she was employed by Oranta
Eureko as the Director of HR, during the years of 2013 to 2014, she worked
as HR Director of "Domodedovo" airport. From 2014 to 2017, Ms. Knyazeva
worked as HR Director of "Pyaterochka" retail chain.
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 March 31, 2018, Magnit operated 37 distribution centers
and 16,625 stores (12,283 convenience, 242 hypermarkets, 210 Magnit Family
stores and 3,890 drogerie stores) in 2,764 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.: 5562
EQS News ID: 687515
End of Announcement EQS News Service
(END) Dow Jones Newswires
May 18, 2018 03:25 ET (07:25 GMT)
