Moscow, 8 October 2025 – X5 (MOEX: X5), a leading Russian food retailer, announces the
appointment of Nikolay Ivanov as head of the Group’s Finance Department. He will be responsible
for strategic and financial planning, liquidity and capital structure management, tax risk mitigation,
and enhancing X5’s case in the financial and investment markets.
Nikolay’s track record in finance exceeds 20 years. He previously served as Vice President for
Finance at NLMK Group and held managerial positions in finance and commerce in such
companies as EVRAZ, VimpelCom and TNK-BP.
Nikolay holds degrees from the Financial University under the Government of the Russian
Federation and Truman State University (USA).
“I am very pleased to join X5’s team and lead the Group’s Finance Department. My focus will be on
driving business efficiency by refining X5’s financial strategy and risk management – which includes
adapting the financial structure to the evolving market – alongside strengthening investor relations
and digitalising financial operations,” Nikolay Ivanov said.