​X5 announces Management Board changes​

Moscow, 30 May 2014

X5 Retail Group N.V. (“X5” or the “Company”), a leading Russian food retailer, announced today that, effective 1 June 2014, Sergey Piven and Vladlena Yavorskaya will step down from the Management Board, while remaining members of the Company’s Executive Board and retaining their position of, respectively, CFO and General Counsel at operational group level in Russia.