Shareholders in Russian retailer X5 Retail Group have approved the extension of CEO Lev Khasis’ contract as well as changes to the company’s supervisory board.

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At the company’s extraordinary general meeting on Friday (15 January), shareholders extended Khasis’ contract, which was due to expire in May, for another four years.


Investors also approved the appointment of Christian Couvreux, a new independent member to the supervisory board.


The appointment brings X5’s board members to seven, four of whom – including the chairman – are independent.

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