Lenta International PJSC Lenta Announces Management Change (4455A)
June 01 2021 - 7:21AM
UK Regulatory
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RNS Number : 4455A
Lenta International PJSC
01 June 2021
Press Release | St. Petersburg | 1 June 2021
Lenta Announces Management Change
St. Petersburg, Russia, 1 June 2021: Lenta IPJSC (MOEX &
LSE: LNTA), one of the largest retail chains in Russia, today
announces the appointment of Andreas Jueterbock as Chief
Operational Officer (COO). He replaces Edward Doeffinger in this
position.
Andreas Jueterbock takes up his role as COO with effect from 1
June 2021.
Andreas joined Lenta in 2013 as Divisional Director. Previously
he worked for 11 years at Metro Cash & Carry in Germany and
Ukraine. Andreas is an Executive MBA candidate at IE Business
School.
Edward Doeffinger has decided to leave Lenta after 10 years of
service at the company.
Lenta's Chief Executive Officer, Vladimir Sorokin,
commented:
"It is no exaggeration to say that Edward Doeffinger is a legend
in the Russian retail sector, and his contribution to Lenta's
development during a period of rapid growth is hard to overstate. I
am proud to have had the opportunity to work alongside Edward in
the same team. The appointment of Andreas Jueterbock as COO has
been made as part of the company's succession planning program.
Andreas is an experienced manager, and the North-West division of
Lenta has delivered consistently excellent results under his
leadership. I am certain that his broad experience in operational
management and his knowledge of the company will make a significant
contribution to the development of Lenta's omnichannel offering
across the country."
For further information please contact:
Lenta Lenta
Mariya Filippova Timothy Post
Head of Public Relations and Government Investor Relations Officer
Affairs timothy.post@lenta.com
maria.filippova@lenta.com
EM (international media inquiries)
Lenta@em-comms.com
About Lenta
Lenta IPJSC (LSE and MOEX: LNTA) is a leading Russian
multi-format food and FMCG retailer. The company operates
hypermarkets, supermarkets, and recently launched a new proximity
store format under the brand "Mini Lenta." Lenta is Russia's
largest hypermarket operator and the fourth largest food retailer
overall by Sales. The company was founded in 1993 in St. Petersburg
and as of March 31, 2021 operated 254 hypermarkets and 140
supermarkets in 89 cities across European Russia with more than 1.5
million square meters of Selling Space. The average Lenta
hypermarket has approximately 5,500 square meters of selling space,
the average Lenta supermarket has 800 square meters, and the Mini
Lenta format is 500 meters on average. The company operates 13
distribution centers to supply all of its stores. 2020 Revenues
were RUB 445 billion (approximately USD 6 billion).
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