OREANDA-NEWS. Sergey Galitskiy, CEO of "Magnit", Russia's largest retailer (the "Company"; MICEX and LSE: MGNT) has been named the CEO of the Year by The Moscow Times.

Magnit CEO Sergey Galitskiy became the winner in the CEO of the Year Large Company category by Moscow Times, for combined performance, and growth, investment and operating performance.

The Moscow Times newspaper, together with Brainforce, partner for management, conducted an independent analysis of the major Russian companies with a market capitalization of more than 3.5 billion rubles and sales of over 100 billion rubles. The ranking is based on the Swiss Obermatt Ranking Methodology and presented under the patronage of the Embassy of Switzerland. The results were used to make the first international ranking of Russian top managers: CEO of the Year - Russia - 2014.

The CEOs were ranked based on their company performance in the following categories: •Operating Performance: Growth of indexed EBITDA (or EBIT, Operating Income) •Investment Performance: Growth of indexed Total Shareholder Return (TSR) •Growth Performance: Growth of indexed Sales (or Operating Revenue) •Combined Performance: Average of indexed EBITDA, indexed TSR and indexed Sales •Based on audited 2013 results