Press Release | St. Petersburg | 11 March 2022
Lenta Announces Appointment of New Board Member
St. Petersburg, Russia, 11 March 2022: Lenta IPJSC (LSE: LNTA, MOEX: LNTA & LENT), one of the largest multi-format retail chains in Russia, today announces the appointment of Andrey Kazachenkov to its Board of Directors, effective 9 March 2022 for a period until the next annual General Meeting of Shareholders of the Company.
Mr. Kazachenkov has over 15 years of experience in corporate finance, having served in numerous executive positions including Deputy General Director for Controlling at Severgroup LLC, First Deputy General Director at PJSC RusHydro and First Deputy Cairman of the Management Board at Federal Grid Company of Unified Energy System. Mr. Kazachenkov graduated from Saint Petersburg State University of Engineering and Economics with a degree in Economics and Management at Mechanical Engineering Enterprises in 2002; received an MBA from the University of Wisconsin (Madison, USA) in 2004.
Lenta's Chief Executive Officer, Vladimir Sorokin, commented:
"We are pleased to welcome Andrey as a new Board Member of Lenta IPJSC. We look forward to his contribution as despite all challenges in front of us we continue to execute our strategy and enhance value for all Lenta's stakeholders."
For further information, please visit https://corp.lenta.com/ or contact:
| Lenta Tatyana Vlasova | Lenta | |
| EM (International Media Inquiries) | | |
About Lenta
Lenta IPJSC (LSE: LNTA, MOEX: LNTA, LENT) is a leading Russian multi-format food and FMCG retailer. The company operates hypermarkets, supermarkets, and recently launched a new proximity store format under the brand "Mini Lenta." It also provides customers the option to shop online via its click-and-collect and express delivery services. Lenta is Russia's largest hypermarket operator and the fourth largest food retailer overall by Sales. The company was founded in 1993 in St. Petersburg and as of December 31, 2021, operated 254 hypermarkets and 503 supermarkets and convenience stores in 89 cities across Russia with more than 1.75 million square meters of Selling Space. The average Lenta hypermarket has approximately 5,500 square meters of selling space, the average Lenta supermarket has 800 square meters, and the Mini Lenta format is 500 meters on average. The company operates 14 distribution centers to supply all of its stores. 2021 Revenues were RUB 484 billion (approximately USD 6.5 billion).
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