Lenta IPJSC: Lenta Announces Management Changes
January 27 2023 - 2:00AM
UK Regulatory
Lenta IPJSC (LNTA;LENT) Lenta IPJSC: Lenta Announces Management
Changes 27-Jan-2023 / 08:00 CET/CEST Dissemination of a Regulatory
Announcement, transmitted by EquityStory RS. The issuer is solely
responsible for the content of this announcement.
-----------------------------------------------------------------------------------------------------------------------
Lenta Announces Management Changes
St Petersburg, Russia, 27 January 2023: Lenta (LSE: LNTA, MOEX:
LENT), one of the largest retail chains in Russia, today announces
the appointment of Vitaly Valkov as Chief Commercial Officer (CCO).
Mr. Valkov assumed the role on 26 January 2023 and reports directly
to Lenta's CEO Vladimir Sorokin.
Prior to joining Lenta, Vitaly Valkov spent 18 years at X5
Group, working in leadership roles ranging from Commercial Director
at Perekrestok and Pyaterochka to Chairman of X5 Group's Commercial
Committee.
Mr. Valkov graduated from the Moscow State Institute of
Electronics and Mathematics with a degree in Automated Data
Processing and Management Systems.
Lenta's previous CCO, Dmitry Bogod, has been appointed Chief
Transformation Officer. In this capacity, he will be responsible
for Lenta's transformation, including the development of new
business streams.
Vladimir Sorokin, Lenta CEO, commented:
"I am delighted to welcome Vitaly on behalf of the Company's
Board of Directors and management team. As Lenta looks to improve
its customer propositions further at both hypermarkets and
small-format stores to address today's customer needs, I am certain
that Mr. Valkov's vast experience in retail commercial management
will help Lenta to continue working on its champion proposition and
strengthen our position in Russia's food retail.
I would like to thank Dmitry Bogod for his contribution to the
Company's development and his willingness to accept a new important
position. As Lenta's CCO, he played a key role in defining
Company's strategic objectives and laid a solid foundation for our
future growth. Together with the highly professional team that he
built, Mr. Bogod successfully implemented many significant
initiatives that were unique to Russia's retail. The new role
presents Dmitry with the challenge of accelerating the Company's
transformation and taking Lenta to the next level by developing
existing and prospective business streams.
Undoubtedly, these changes to Lenta's management team will help
us to accomplish our strategic objectives and remain committed to
our mission."
For further information, please contact:
Lenta Lenta
Tatyana Vlasova Mariya Filippova
Head of Investor Relations Head of Public Relations and Government Affairs
tatyana.vlasova@lenta.com maria.filippova@lenta.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 own Lenta Online services, Online
Partners and the Utkonos platform. 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 30 September 2022, operated 254 hypermarkets and 557
supermarkets and Lenta Mini stores in over 200 cities and towns
across Russia, with almost 1.78 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 its
stores. 2021 Revenues were RUB 484 billion (approximately USD 6.5
billion).
-----------------------------------------------------------------------------------------------------------------------
ISIN: US52634T2006, US52634T1016
Category Code: MSCM
TIDM: LNTA;LENT
LEI Code: 213800OMCE8QATH73N15
Sequence No.: 218756
News ID: 1544873
End of Announcement EquityStory RS News Service
=------------------------------------------------------------------------------------
Image link:
https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1544873&application_name=news
(END) Dow Jones Newswires
January 27, 2023 02:00 ET (07:00 GMT)
Lenta IPJSC (LSE:LNTA)
Historical Stock Chart
From May 2024 to Jun 2024
Lenta IPJSC (LSE:LNTA)
Historical Stock Chart
From Jun 2023 to Jun 2024