Lenta Ltd. (LNTA;LNTR) Lenta Ltd.: Appointment of Director 28-Aug-2019 / 09:32 CET/CEST Dissemination of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.
Lenta announces appointment of Tomas Korganas as non-executive director of Lenta Ltd.
St. Petersburg, Russia; 28 August, 2019 - Lenta, (LSE, MOEX: LNTA) one of the largest retail chains in Russia, announces that Tomas Korganas has been appointed as non-executive director of the Board of Directors of Lenta Ltd. with an immediate effect.
Appointing Tomas Korganas as a non-executive director of Lenta Ltd. the Board used its authority to fill the vacant seat with the nominee of Severgroup, Lenta's major shareholder.
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 same role at SeverGroup. Since 2018, Tomas is also heading the Strategy of Severgroup.
Tomas graduated with B.Sc. in Engineering from 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.
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".
Forward looking statements:
This announcement includes statements that are, or may be deemed to be, "forward-looking statements". These forward-looking statements can be identified by the fact that they do not only relate to historical or current events. Forward-looking statements often use words such as "anticipate", "target", "expect", "estimate", "intend", "expected", "plan", "goal", "believe", or other words of similar meaning.
By their nature, forward-looking statements involve risk and uncertainty because they relate to future events and circumstances, a number of which are beyond Lenta's control. As a result, actual future results may differ materially from the plans, goals and expectations set out in these forward-looking statements.
Any forward-looking statements made by or on behalf of Lenta speak only as at the date of this announcement. Save as required by any applicable laws or regulations, Lenta undertakes no obligation publicly to release the results of any revisions to any forward-looking statements in this document that may occur due to any change in its expectations or to reflect events or circumstances after the date of this document.
 FTE (full-time equivalent). Average FTE for 1H2019 was 51,470 employees
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