OREANDA-NEWS  On 12 November X5 Retail Group N.V. (the “Company”), Russia's largest retailer in terms of sales, announced that all the proposed resolutions were passed by the shareholders at the Extraordinary General Meeting held on 29 October 2008.
The key items that were approved at the EGM include appointment of Mr. Stephan DuCharme as a fourth independent member of the Supervisory Board of X5 Retail Group N.V. 

Minutes of the meeting are available online at http://www.x5.ru/.

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Mr. Stephan DuCharme was born on 20 April 1964 in Addis Ababa, Ethiopia.  Mr. DuCharme has held executive positions in EBRD, Alfa Group and SUN Group, where he played a significant role in managing the group’s equity stake in SUN-Interbrew Ltd, one of the largest beer producers in Russia and Ukraine, and in the divestiture of the equity stake to InBev S.A. in 2005.  Mr. DuCharme has served on the Board of Directors of CSA Czech Airlines, Alfa Bank and SUN-Interbrew Ltd as well as on the Board of Directors of JSC SUEK as an independent director. Currently he acts as an advisor for SUN Group and serves – on behalf of EBRD - on the Supervisory Board of Iberia Refreshments in the Republic of Georgia.   Mr. DuCharme graduated with distinction from the University of California at Berkeley and received his MBA from INSEAD.