Ozon Announces Changes to Its Board of Directors and Top Management
April 12 2022 - 12:00PM
Business Wire
Ozon Holdings PLC (NASDAQ and MOEX: “OZON”, thereafter referred
to as “we”, “us”, “our”, “Ozon” or the “Company”), a leading
Russian e-commerce platform, announces that Alexander Shulgin
stepped down as Chief Executive Officer of Ozon group and resigned
from the Board of Directors of Ozon with effect from April 11,
2022, following European Union and Australia sanctions imposed on
Alexander Shulgin. The Company’s Chief Financial Officer, Igor
Gerasimov, will replace Alexander Shulgin as an Executive Director
on the Board of Directors.
Management of the Company will now be undertaken by the
Management Board comprised of several members of the management
team. The new Management Board will make strategic decisions and
will manage business operations based on the principle of collegial
management, which has de facto been in place at Ozon and already
proven to be highly effective.
“We were surprised and saddened by news and the rationale for
sanctioning of Alexander Shulgin. Ozon has always pursued the
highest standards of conducting business with the goal to provide
the best services to our clients and merchants, whilst creating
maximum value for our investors,” said Elena Ivashentseva, the
Chairperson of Ozon’s Board of Directors. “We are very grateful to
Alexander for his dedication and contribution to Ozon, and in
particular for bringing together the best management team in the
market which has grown the Company’s business more than twenty fold
in the past four years and transformed Ozon from a small online
retailer into a leading e-commerce platform with a variety of
additional product verticals such as logistics, e-grocery and
fintech. I am confident the Management Board will continue to
implement the Company’s strategy of fast growth, best in class
services and improving operational efficiency”.
Neither Ozon Holdings PLC nor any of its subsidiaries are
currently subject to any sanctions by the European Union, the
United States, the United Kingdom or any other countries. In
addition, on March 31, 2022, Ozon Bank was removed from the
Specially Designated Nationals and Blocked Persons List by the
Office of Foreign Assets Control of the U.S. Treasury Department.
For further disclosure please refer to the Company's press releases
dated March 31, 2022 and February 25, 2022.
About Ozon
Ozon is a leading multi-category e-commerce platform and one of
the largest internet companies in Russia. Ozon’s platform offers
one of the widest selections of goods across multiple product
categories. Ozon’s country-wide warehouse footprint includes around
one million square meters. Its infrastructure enables Ozon to
provide Russian population with a fast and convenient delivery via
couriers, pick-up points and parcel lockers. Ozon’s extensive
logistics and fast-developing marketplace allow over 90 thousand
entrepreneurs to sell their products across Russia’s 11 time zones
to more than 25 million customers. In addition to its core
e-commerce business, Ozon is expanding Ozon Fintech and other
value-added services such as its quick commerce and online grocery
solution Ozon.fresh. For more information, please visit
https://corp.ozon.com/.
Disclaimer
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of 1995
that reflect the current views of Ozon Holdings PLC (“we”, “our”,
“us”, “Ozon” or the “Company”). All statements contained in this
press release that do not relate to matters of historical fact
should be considered forward-looking statements.
These forward-looking statements are based on management’s
current expectations. However, it is not possible for our
management to predict all risks, nor can we assess the impact of
all factors on our business or the extent to which any factor, or
combination of factors, may cause actual results to differ
materially from those contained in any forward-looking statements
we may make. These statements are neither promise nor guarantee but
involve known and unknown risks, uncertainties and other important
factors and circumstances that may cause Ozon’s actual results,
performance or achievements to be materially different from its
expectations expressed or implied by the forward-looking
statements, including conditions in the U.S. capital markets,
negative global economic conditions, potential negative
developments in the COVID-19 pandemic, the impact of the Ukraine
situation, as well as sanctions and capital control measures, other
negative developments in Ozon’s business or unfavorable legislative
or regulatory developments. We caution you therefore against
relying on these forward-looking statements, and we qualify all of
our forward-looking statements by these cautionary statements.
Please, refer to our filings with the U.S. Securities and Exchange
Commission concerning factors that could cause actual results to
differ materially from those described in our forward-looking
statements.
These and other important factors could cause actual results to
differ materially from those indicated by the forward-looking
statements made in this press release. Any such forward-looking
statements represent management’s estimates as of the date of this
press release. While Ozon may elect to update such forward-looking
statements at some point in the future, Ozon disclaims any
obligation to do so, even if subsequent events cause its views to
change. These forward-looking statements should not be relied upon
as representing Ozon’s views as of any date subsequent to the date
of this press release.
The trademarks included herein are the property of the owners
thereof and are used for reference purposes only. Such use should
not be construed as an endorsement of the products or services of
the Company.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220412005911/en/
Investor Relations Maryia Berasneva, Head of Investor
Relations, Ozon ir@ozon.ru
Press Office Maria Zaikina, Director of Public &
Industry Relations, Ozon pr@ozon.ru
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