3rd Nov 2006 07:54
X5 Retail Group N.V.03 November 2006 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN, INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN 3 November 2006 X5 RETAIL GROUP N.V. ANNOUNCES APPOINTMENT OF HERVE DEFFOREY AS CHAIRMAN OF THE SUPERVISORY BOARD Amsterdam, 3 November 2006 - X5 Retail Group N.V., Russia's leading groceryretailer, announced today the appointment of Mr. Herve Defforey as Chairman ofthe Supervisory Board. Mr. David Noble resigned as the Chairman and Member of the Supervisory Board asper 2 November 2006. Note to Editors: Herve Defforey Herve Defforey started his career as a marketing manager in Nestle Co. in 1975.From 1977 he worked in Chase Manhattan Bank N.A. which he left in the positionof Vice President in 1983. From 1983 to 1990 he held top positions in BMW AG. In1990 he took up the duties of the Managing Director in Azucarrera EBRO S.A. In1993-2004 served as Finance Director and General Manager in Carrefour, S.A. From2001 Mr. Defforey is a Partner in GPR Partners where he also serves as ExecutiveChairman for Europe. X5 Retail Group N.V. X5 Retail Group N.V. is Russia's largest food retailer in terms of sales. As of30 September 2006, the group had 420 company-managed "Pyaterochka" soft discountstores located in the Moscow (199), St. Petersburg (199) and Yekaterinburg (22)areas, and 141 company-managed "Perekrestok" supermarkets across Central Russiaand Ukraine, including 81 stores in Moscow. As of 30 September 2006, franchisees operated 539 Pyaterochka branded storesacross Russia, in Ukraine and Kazakhstan. Perekrestok has 10 convenience storesoperated by franchisees in the Moscow area. Pyaterochka and Perekrestok have merged their operations as of 18 May 2006 tocreate the clear leader in the Russian food retail market. Pyaterochka's 2005 net sales (pre-merger) reached USD 1,359 million, with grossbanner sales in 2005 of over USD 2 billion. Perekrestok net sales reached USD1,015 million in 2005. The Group's pro forma net sales for the 9 months of 2006 were US $2,411 million(management accounts). During 1H 2006, the Pyaterochka chain provided US $1,374million of net sales, while the Perekrestok chain contributed US $1,037 millionof net sales. - End - Enquiries to: X5 Retail Group N.V. Gennady Frolov Head of Corporate Communications Office +7 495 984 6956 ext.2093 Mobile +7 495 998 3335 Email [email protected] This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
X5 Retail