OREANDA-NEWS. November 30, 2009. X5 Retail Group N.V., Russia's largest retailer in terms of sales (LSE ticker: “FIVE”), announced the decision of the Company’s Supervisory Board to recommend to X5's General Meeting of Shareholders to extend Lev Khasis' term as the CEO, which expires in May 2010, for another four years.

Chairman of X5's Supervisory Board Herve Defforey commented:

"Lev Khasis has played a key role in creating X5 Retail Group in 2006 and shaping the Company into what it is today - Russia's number one retailer and the most successful multiformat operator. The Supervisory Board looks forward to having Lev Khasis bring X5 to the next level of development over his next term."