Lenta IPJSC: Lenta Announces Management Changes (1333681)
April 25 2022 - 5:30AM
UK Regulatory
Lenta IPJSC (LNTA;LENT) Lenta IPJSC: Lenta Announces Management
Changes 25-Apr-2022 / 11:30 CET/CEST Dissemination of a Regulatory
Announcement, transmitted by EQS Group. The issuer is solely
responsible for the content of this announcement.
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Press Release | St. Petersburg | 25 April 2022
Lenta Announces Management Changes
St. Petersburg, Russia, 25 April 2022: Lenta IPJSC (LSE: LNTA,
MOEX: LENT), one of the largest multi-format retail chains in
Russia, announces the appointment of Andrey Spivak as a Chief
Financial Officer (CFO) with effect from 25 April 2022 and will
report directly to Vladimir Sorokin, CEO of Lenta. Andrey will be
responsible for all the sets of issues related to the Company's
financial operations, investments, strategy, capital allocation and
M&A.
For more than 20 years, Andrey has been working in the retail
business and the FMCG segment. Prior to joining Lenta, Andrey
served as Chief Financial Officer of Detsky Mir. Mr. Spivak also
held a number of executive positions in Magnit and X5 Group. Prior
to that, he was CFO of Wrigley Ukraine and held various positions
in the finance function at Wrigley Russia and Wrigley GMBH
(Munich). Andrey graduated from St. Petersburg State University of
Engineering and Economics.
Vladimir Sorokin, Chief Executive Officer of Lenta,
commented:
"On behalf of the Board and management of Lenta, I am delighted
to welcome Andrey to the team. He joins at an important stage in
the development of Lenta and we are confident that he will make a
significant contribution to the future success of our business. I
firmly believe that Andrey is a great addition to our executive
team.
Andrey's experience and knowledge of retail business will ensure
the stable operation of our finance department, as we remain
committed to our long-term goals and continue to execute our
strategy despite the challenges we currently face."
For further information, please visit https://corp.lenta.com/ or
contact:
Lenta Lenta
Mariya Filippova
Tatyana Vlasova Head of Public Relations and Government Affairs
Head of Investor Relations maria.filippova@lenta.com
tatyana.vlasova@lenta.com
EM (International Media Inquiries)
Lenta@em-comms.com
About Lenta
Lenta IPJSC (LSE: LNTA, MOEX: LENT) 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." It also provides
customers the option to shop online via its click-and-collect and
express delivery services. 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 December
31, 2021, operated 254 hypermarkets and 541 supermarkets and
convenience stores in over 200 cities and towns across Russia with
more than 1.77 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 14
distribution centers to supply all of its stores. 2021 Revenues
were RUB 484 billion (approximately USD 6.5 billion).
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ISIN: US52634T2006, US52634T1016
Category Code: MSCL
TIDM: LNTA;LENT
LEI Code: 213800OMCE8QATH73N15
Sequence No.: 157410
EQS News ID: 1333681
End of Announcement EQS News Service
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