4 October 2023

Perekrestok general director steps down

Moscow, 4 October 2023 – X5 Group (“X5” or the “Company”, LSE and MOEX ticker: FIVE), a leading Russian food retailer that operates the Pyaterochka, Perekrestok and Chizhik retail chains, announces that Perekrestok General Director Andrey Kalmykov has decided to leave his post to focus on his own projects.

Igor Shekhterman, CEO of X5 Group, said:

“On behalf of the Company, I would like to thank Andrey for his desire to immerse himself in retail, as well as for searching for growth points to improve the efficiency of Perekrestok and of X5 as a whole.”

Andrey Kalmykov said: 

“I would like to express my gratitude to X5 Group and the Perekrestok team for the valuable and interesting experience of working in a very dynamic environment with professional, caring people. I would like to wish X5 the successful implementation of its strategy and the achievement of uncompromising market leadership.”

The X5 Supervisory Board has appointed Vladimir Salakhutdinov, Director for Strategy and Business Development of X5 Group, as acting General Director of the Perekrestok retail chain.