Top.Mail.Ru
RU
14 January 2013

X5 Board accepts CFO resignation and nominates new CFO candidate

Amsterdam, 14 January 2013

X5 Retail Group N.V. (“X5” or the “Company”), Russia’s largest retailer in terms of sales (LSE ticker: “FIVE”), announced today the results of the Company’s Supervisory Board Meeting (the “Meeting”) held on Friday, 11 January 2013. At the Meeting, the Supervisory Board (the “Board”) agreed to accept the resignation of X5’s CFO, Kieran Balfe, effective 8 March 2013 and has nominated the Company’s Deputy Commercial Director, Sergey Piven, to become the new CFO after X5 shareholder approval at the Annual General Meeting to be held in April 2013.