MAGNIT PJSC: PJSC Magnit Appoints Petr Molchanov as Chief Investment Officer

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MAGNIT PJSC (MGNT) 
MAGNIT PJSC: PJSC 'Magnit' Appoints Petr Molchanov as Chief Investment 
Officer 
 
10-Oct-2018 / 15:31 MSK 
Dissemination of a Regulatory Announcement, transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
 
Press Release | Krasnodar | October 10, 2018 
 
PJSC "Magnit" Appoints Petr Molchanov as Chief Investment Officer 
***************************************************************** 
 
Krasnodar, Russia (October 10, 2018): Magnit PJSC (MOEX and LSE: MGNT; 
Company, Group), one of Russia's leading retailers, is pleased to announce 
the appointment of Petr Molchanov as its Chief Investment Officer. 
 
In his role as CIO, Petr will be responsible for Magnit's capital markets 
and M&A activities as well as for communication with shareholders, investors 
and analysts. 
 
Paul Foley, Deputy Chairman of Magnit Board and the Chairman of the Capital 
Markets Committee commented: "We are delighted Petr is joining our team in 
this period of transformation as Magnit's Chief Investment Officer. He 
brings with him many years of transaction experience as well as a deep and 
granular knowledge of the industry and market participants. Petr is held in 
high regard in the financial community, and his hire further demonstrates 
the Company's commitment to open and clear communication with our 
shareholders and the wider investment community". 
 
Petr Molchanov joins Magnit from Renaissance Capital where he served as the 
Head of Investment Banking Russia. Previously, he held a number of senior 
positions in the global investment banking industry. He started his career 
as a research analyst at Deutsche Bank and at Ernst & Young. 
 
Petr holds a Ph. D. in Economics from Moscow State University. He is an 
alumnus of the Fox International Fellowship Program for post-graduate 
students at Yale University. He graduated from Moscow State University with 
Bachelor's and Master's degrees in Economics and Management. 
 
For further information, please contact: 
 
Dina Svishcheva Media Inquiries 
 
Head of IR Media Relations Department 
 
Email: [e-mail] Email: [e-mail] 
 
Office: [phone] x 15101 
 
Note to editors: 
 
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 June 30, 2018, Magnit operated 37 distribution centers 
and 16,960 stores (12,503 convenience, 244 hypermarkets, 213 supermarkets 
and 4,000 drogerie stores) in 2,808 cities and towns throughout 7 federal 
regions of the Russian Federation. 
 
  In accordance with the reviewed IFRS consolidated financial statements for 
     1H 2018, Magnit had revenues of RUB 595 billion and an EBITDA of RUB 44 
     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. 
 
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.:   6162 
EQS News ID:    732171 
 
End of Announcement EQS News Service 
 
 

(END) Dow Jones Newswires

October 10, 2018 08:31 ET (12:31 GMT)