4 April 2023

X5 Group launches search for new CFO

Moscow, 4 April 2023 – X5 Retail Group N.V. (“X5” or the “Company”, LSE and MOEX ticker: FIVE), a leading Russian food retailer that operates the Pyaterochka, Perekrestok and Chizhik retail chains, announces the upcoming resignation of Vsevolod Starukhin, the Company’s Chief Financial Officer. As Vsevolod transitions to a new position, X5 is starting to look for a new candidate to replace him following a handover of the CFO role.

Igor Shekhterman, CEO of X5 Group, said: “I am grateful to Vsevolod for his professional skills and personal qualities that helped the Company not only stay resilient in difficult times but also significantly improve its performance over the past two years and effectively integrate new businesses, driving the success of X5’s strategy and cementing the Company’s industry-leading position. I am confident that by working together, we will ensure a successful handover of the Company’s finance management.”

Vsevolod Starukhin said: “I highly appreciate the experience I gained in retail during my time at such a large and ambitious company as X5. I plan to return to the industrial sector as my next career move. I would like to thank the entire X5 team for their commitment, their focus on becoming the undisputed leader in food retail, and for the trust they placed in me.”