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X5 Retail Group NV

X5 Retail Group NV

Sector: Grocery Stores Region: Russian Federation


: | London Stock Exchange: FIVE | Frankfurt Stock Exchange: PJP


Headquartered in Moscow, X5 Retail Group (LSE: FIVE, Moody's - ""B2"", S&P - ""B+"") is Russia's largest retailer in terms of revenue. The Company operates several retail formats: the soft discounter chain under the Pyaterochka brand, the supermarket chain under the Perekrestok brand, the hypermarket chain under the Karusel brand, the online retail channel under E5.ru brand and convenience stores under various brands.
As at 30 June 2012, X5 had 3,298 Company-operated stores. It has the leading market position in both Moscow and St. Petersburg and a significant presence in the European part of Russia. Its store base includes 2,783 soft discounter stores, 341 supermarkets, 77 hypermarkets and 97 convenience stores. The Company operates 28 DCs and 1,539 Company-owned trucks across the Russian Federation.
X5 is run on an SAP platform.
As at 30 June 2012, X5’s direct franchisees operated 399 stores across Russia.
For the full year 2011, net sales totaled USD 15,455 mln, EBITDA reached USD 1,130 mln, and net profit amounted to USD 302 mln. For the first quarter 2012, net sales totaled USD 3,871 mln, EBITDA reached USD 274 mln and net profit amounted to USD 66 mln.
X5 Shareholder structure is as follows: Alfa Group – 47.86%, founders of Pyaterochka – 19.85%, X5 Directors – 0.14%, treasury shares – 0.11%, free float – 32.04%.

Executives

Kieran Balfe, Chief Financial Officer
Year of birth: 1969 Expertise: Kieran joined X5 in February 2011. He has almost two decades of management experience in the Russian market, most recently at Mars Inc. From 2001 to 2009, Kieran was Wrigley’s Deputy General Manager and CFO for Emerging Markets. From 1996 to 2001, he held positions at Glencore, American Home Products and Japan Tobacco. Education: Kieran graduated from University College Dublin with master degree in accounting. He qualified as a Charted Accountant in 1993 and was awarded a fellowship with the Institute of Chartered Accountants in Ireland in 2005.
Frank Michael Mros, General Director of Soft Discounter Format
Year of birth: 1963 Expertise: Frank joined X5 in June 2012. He has over 18 years of retail industry experience in Europe with the leading German discounter chain Lidl. He began his career at Lidl as a retail clerk and worked his way up through management positions in sales and logistics to the senior executive level. He served as a Managing Director of Lidl Germany, Lidl Poland and Lidl London, UK. Education: Frank graduated from Navy Academy in Germany.
Igor Sotnikov, General Director of Supermarket Format
Year of birth: 1968 Expertise: Igor has extensive managerial experience with X5. Igor had been running Perekrestok operations since 2005. From 2007 he headed logistics of X5. Igor served as CEO of X5 Ukraine for several years. Education: Igor graduated from Bauman Moscow State Technical University in 1992. In 1997 he was awarded his second degree from Moscow State University, Mathematics Faculty.
Jan Fuchs, General Director of Hypermarket Format
Year of birth: 1951 Expertise: Jan has joined X5 in November 2011. He has extensive retail industry experience in Eastern Europe and Russia. From 1998 to 2007 he served as Deputy Chairman and Chief Operating Officer of the Kaufland hypermarkets chain in the Czech Republic. He also served as Chief Operating Officer of REWE Group in Russia. Education: Jan graduated from Komensky University in Bratislava.
Valeriy Tarakanov, General Director of Convenience Format
Year of birth: 1958 Expertise: Valeriy joined X5 in 2008. Since 1989, he was engaged in entrepreneurial activities in Russia including the establishment of a convenience store chain in Moscow. President and Chairman of the Board of Directors of Trade House Prodmiks. From 1995-1997 he was the President of Russian Association of fruit importers. Prior to that he held various positions at the USSR’s Ministry of foreign trade. Education: Valeriy graduated from Plekhanov Russian University of Economics and Academy of National Economy.
Paul Martins, Commercial Director
Year of birth: 1963 Expertise: Paul joined X5 in August 2011. He has more than 25 years of experience in multinational retail companies. He worked for Casino Group for 23 years, starting as a store manager and holding various positions including Commercial Director, Marketing Director and General Director of Geant hypermarkets (division of Casino Group in Poland). He headed the discounter chain Leader Price in Poland for seven years (another division of Casino Group). In 2007 Paul joined Tesco Group as Operations Director for small formats in Poland. Education: Paul studied at the University of Lyon, Economics Faculty.
Alexander Ermolenko, Logistics Director
Year of birth: 1960 Expertise: Alexander joined X5 in August 2011. From 1987 to 2000, he was deputy Director of Communication, Electro-navigation and Information Department of the Novorossiysk shipping company. From 2000 to 2010 he served as Deputy CEO for logistics at OAO Magnit. Education: Alexander graduated in 1987 with honors from Novorossiysk Marine-Engineering Academy, Radio Engineering Faculty.
Igor Pletnev, Director for Regional Branch Management and Organic Development
Year of birth: 1971 Expertise: Igor joined X5 in March 2011. Prior to his appointment as X5’s Director for Regional Branch Management and Organic Development, Igor was Director for Regional Development in Kopeyka, a position he held since April 2007. Before joining Kopeyka he held positions in various companies including Evolution Asset Management Russian Land Asset Management, Evdakovsky Butter and Oil, Agricultural Sector Development Fund and ZAO Industry Investment. Education: Igor was accepted to Moscow State University and transferred to the Belarusian State Pedagogical University where he graduated in 1998.
Anton Mironenkov, Mergers, Acquisitions and Business Development Director
Year of birth: 1976 Expertise: Anton joined X5 as Deputy Director in September 2006. From 2005 to 2006 Anton managed various projects in Alfa Group including the merger of Pyaterochka and Perekrestok. Anton began his business career in 2000 as an auditor at PriceWaterhouseCoopers, and subsequently spent four years as investment banker at Troika Dialog before his transfer in 2005 to Vice President position in Troika Dialog Asset Management. Education: Anton graduated with honors from Moscow State University in 1998 with a degree in economics.
Tatiana Kozhevnikova, HR Director
Year of birth: 1967 Expertise: Tatiana joined X5 in May 2011. From 1993 to 2011, she held positions at Coca-Cola, Mars, Ernst & Young, Metro Cash&Carry and Rosatom. Education: Tatiana graduated with honors from Moscow State University, Economics Faculty, where she also received a Ph.D. in Economics for her work on labor factors in economic development. In 2007 Tatiana went through London Business School’s Executive Program on Strategic Talent Management.
Teimur Shternlib, Chief Business Support Officer
Year of birth: 1980 Expertise: Teimur joined X5 in 2006 as IT Strategy Director. In 2009, he became deputy CEO and Chief Business Support Officer responsible for IT, regional branches and maintenance. Prior to joining X5, Teimur held various positions with Russian Oil & Gas company TNK. He also served as Chief Information Officer at Alfa Group. Education: Teimur graduated from the Russian National University of Science and Technology "MISIS" with honors.

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