– RUSSIA, St. Petersburg – Lenta Ltd. (LON: LNTA | MOEX: LNTA), one of the largest retail chains in Russia, today announced that Tomas Korganas has been appointed as a non-executive director of the Board of Directors of Lenta Ltd. with an immediate effect, filling the vacant seat with the nominee of Severgroup, Lenta’s major shareholder.
Lenta’s Chairman, Alexey Mordashov, commented: “On behalf of Lenta’s Board I would like to welcome Tomas as a new member of the Board. I believe, his deep experience in Strategy and M&A will be very beneficial for the Company in the current stage of development”.
About Tomas Korganas
Tomas Korganas started his career at BCG and Goldman Sachs, after that he worked in and led Corporate M&A at GE, Rusal and Vympelkom for the next 10 years. In 2012, Tomas joined Severstal as Head of Corporate Development and soon after he was asked to assume the same role at SeverGroup. Since 2018, Tomas is also heading the Strategy of Severgroup.
Tomas graduated with B.Sc. in Engineering from the Kaunas University of Technology in 1993, M.Sc. in International Strategy from Helsinki University of Technology in 1996, and MBA from Sloan School of Management, MIT in 2000.
About Lenta
Lenta is the largest hypermarket chain in Russia and the country’s third-largest retail chain. The Company was founded in 1993 in St. Petersburg. Lenta operates 245 hypermarkets in 88 cities across Russia and 129 supermarkets in Moscow, St. Petersburg, and the Siberia, Urals and Central regions, with a total of approximately 1,468,639 sq.m. of selling space. The average Lenta hypermarket store has selling space of approximately 5,500 sq.m. The average Lenta supermarket store has a selling space of approximately 800 sq.m. The Company operates 12 distribution centres.
The Company’s price-led hypermarket formats are differentiated in terms of their promotion and pricing strategies as well as their local product assortment. The Company employed approximately 50,509 people as of 30 June 2019.
The Company’s management team combines a mix of local knowledge and international expertise coupled with extensive operational experience in Russia. Lenta’s largest shareholders include Severgroup, which is committed to maintaining high standards of corporate governance.
For more information: http://www.lentainvestor.com
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