X5 Retail Group Announces New Management Appointments
OREANDA-NEWS. April 14, 2010. X5 Retail Group N.V.,
• Ekaterina Stolypina, formerly X5's HR Director, has been appointed as the Company's Director of Hypermarket and Supermarket Formats in charge of operations, value propositions and brand management for both formats.
• In order to sharpen the HR function's focus on X5's strategic and operational objectives, the Company has established a clear delineation between strategic and operational HR Management. Strategic HR is responsible for developing HR policies in support of the Company’s strategic objectives. It also manages issues with respect to attracting, incentivising and developing X5's executives to ensure the Company has the right talent to support its long-term success. Operational HR manages the needs of X5’s large and growing business, supporting the objectives of our retail formats and logistics function.
Pursuant to this decision:
- Strategic HR function will be led by Denis Yaklakov, formerly X5's Deputy HR Director, who has been appointed as the Strategic HR Director and will report directly to X5's CEO;
- Operational HR function will be managed by Teimur Shternlib, X5's Deputy CEO and Chief Business Support Officer.
• Mikhail Susov, formerly X5's Director of Supermarket Format, has been appointed as the Company’s Corporate Relations Director, in charge of GR and PR activities. Mr. Susov will also be responsible for supplementary retail projects, such as MVNO, franchising, etc.
• Yury Kobaladze, formerly X5's Corporate Affairs Director, has been appointed as the Advisor to the CEO on government relations issues.
X5 Retail Group CEO Lev Khasis commented: "Today's appointments further reinforce X5’s management team, which is the strongest in the market, positioning the Company to capitalize on opportunities faster and more effectively than its competitors.This includes a streamlined operational structure for X5's supermarkets and hypermarkets led by Ekaterina Stolypina. Ekaterina has over 10 years of experience in Russian food retail,
including executive positions in operations and purchasing. Moreover, Ekaterina has dramatically transformed X5's HR function bringing it in line with best international practices. Ekaterina also played a crucial role in developing and launching SAP for HR and labour productivity improvement projects. We highly value Ekaterina's dynamic impact on the overall development of X5 Retail Group over the past few years and expect her to make a strong contribution to the operational focus for hypermarkets and supermarkets going forward. We further strengthen X5's HR function by splitting operational and strategic HR and believe that Denis Yaklakov's deep knowledge of retail and extended experience with X5 will bring the Company's strategic HR function to a new level. On top of that, through the appointment of Michail Susov, we sharpen our focus on government and public relations - a strategically important area for X5 and for Russian retail in general".
Ekaterina Stolypina graduated from the
Denis Yaklakov graduated from the
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