The CEO of Russian retailer Lenta Jan Dunning will leave the retailer on this weekend as one of the company’s shareholders did not approve the extension of his contract.

The retailer said it needs the mutual consent of its two main shareholder groups – Luna and Svoboda – to appoint a new general director or prolong Dunning’s contract, which “could take some time”.

Until the appointment of a new general director, all key decisions will be made collectively by the heads of Lenta’s business units.

The move is the latest salvo in disputes, which have been running since May this year, between shareholder groups Luna and Svoboda over who should lead the retailer.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData