Board/Management Information • May 16, 2018
Board/Management Information
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16-May-2018 / 09:30 CET/CEST
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Press Release Krasnodar May 16, 2018
Krasnodar, Russia (May 16, 2018): Magnit PJSC, one of Russia's leading retailers (MOEX and LSE: MGNT) announces Olga Naumova's appointmentas the Executive Director.
Olga Naumova has over 20 years of managerialexperienceas a senior executivein various sectors including consumer retail. At Magnit Ms. Naumova will be responsible for the operational management and development of all store formats of the chain, purchasing, pricing, marketing, maintenance, logisticsand own production.
Ilya Sattarov has been appointed Deputy Executive Director and will be responsible for logistics, maintenance and vertical integration as well as projects in cooperationwith the Russian Post.
"Weare nowupdating the managementstructure of thecompany and strengthening theteamin order to develop the new strategy of Magnit as soon as possible. Competition on the market is growing and the company needs new breakthrough decisions in order to return leadership in the sector. I amconfident that Olga's great experience in marketing and management, as wellas, a deep industry knowledge will help us to achieve this goal", commented Khachatur Pombukhchan, the ChiefExecutive Officer ofMagnit.
"Inmy opinion, today the B2C-sector is the most dynamically changing and interesting sphereand of course, I wanted further professional growth in this particular field. Magnit management provides the new teamwith wide opportunities in decision making butassigns very challenging tasks, Olga Naumovasaid.
Ms. Naumova graduated fromthe Social Science faculty ofMoscow State Universitywith the degree inmarketing. She served as the Head ofALT consulting company's Moscowbranch from1993 to 1994 (headquarters in St. Petersburg). From1994 to 2000 Ms. Naumova worked in theIBS group of companies as the Head of Marketing at the"D-Line" company followed by the position of General Director of the"Computer Depo" company. In 2000 and 2001 Ms. Naumova was the Commercial Director of Russian Product company. In 2001, Ms. Naumova joined Cherepovets Steel Plant ofPJSC "Severstal" as the Business Development Directorand in 2002-2006 she was its GeneralDirector. In 2003-2003 Ms. Naumova was the Head of OJSC "Oryol Steel Fabrication Plant" of PJSC "Severstal". In 2004 she was the Head of the "Severstal-metiz" Group and later - the Head of JSC "Severstal-metiz".
In 2009, Ms. Naumovaserved as the Director for Long Productsat Novolipetsk Steeland in December 2009 she became the General Director of the newly established NLMK-Long Products, LLC. From 2010 to 2013 Ms. Naumova served as the General Director of Rimera the oilfield services division ofChelyabinsk Pipe-Rolling Plant.
InMay 2013, Ms. Naumova was appointed the General Director of the"Pyaterochka"format at X5 RetailGroup and she stepped down fromthis position inApril 2018.
Timothy Post Head ofInvestor Relations Email: [email protected] Office:+7-861-277-4554 x 17600 Dina Svishcheva DeputyDirector, Investor Relations Email:[email protected] Office:+7-861-277-4554 x 15101 MediaInquiries Media Relations Department [email protected]
Public Joint Stock Company "Magnit"is one of Russia's leading retailers. Founded in 1994, the company is headquartered in the southern Russian city ofKrasnodar.As ofMarch 31, 2018, Magnit operated 37 distribution centersand 16,625 stores (12,283 convenience, 242 hypermarkets, 210 Magnit Family storesand 3,890 drogeriestores) in 2,764 citiesand towns throughout 7 federalregions ofthe Russian Federation.
In accordance with theaudited IFRS results for 2017, Magnit had revenues ofRUB 1,143 billion and an EBITDAofRUB 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 fromStandard &Poor's ofBB. Measured bymarketcapitalization, Magnit is one ofthelargest retailers inEurope.
ISIN: US55953Q2021 Category Code: MSCU TIDM: MGNT LEICode: 2534009KKPTVL99W2Y12 OAM Categories:3.1.Additional regulated information required to be disclosed under the laws of a Member State Sequence No.: 5551 EQS News ID: 686455
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