OREANDA-NEWS. February 01, 2011. X5 Retail Group N.V., Russia's largest retailer in terms of revenue (LSE ticker: “FIVE”), announced the appointment of Kirill Grodinsky as CEO of IT Business Company.

IT Business is a dedicated X5 group company for e-commerce and currently operates through www.bolero.ru and www.003.ru online stores.

IT Business posted 2010 net sales of USD 20.3 million and USD 6.9 million in the fourth quarter, while Q4 traffic averaged 50,000 customer visits per day with average ticket of USD 151.

Kirill Grodinsky has significant experience in FMCG and e-commerce. From 2006 to 2008 he served as general director of O-Courier (major delivery channel of OZON.RU in Moscow and St. Petersburg Regions). In November 2008 he was appointed Deputy CEO and Operational Director of OZON.ru. In February 2010 Mr. Grodinsky became the head of Alterwest, a Russian leader in ice cream and frozen foods. He graduated from St. Petersburg State Technical University, Faculty of Mechanics and Physics.