Russia’s largest retailer X5 Retail Group has announced that Lev Khasis will leave the company after “five successful years as CEO”.
The company said yesterday (10 March) that it has accepted Khasis’ resignation and its supervisory board has elected Andrei Gusev as successor with immediate effect. The board will recommend that shareholders appoint him as CEO at the retailer’s AGM in June.
Go deeper with GlobalData
X5 said that Gusev, currently deputy CEO of the retailer, has “widely contributed to the company’s success over the last years”. He joined X5 in 2006 and the retailer said he has been “exposed to every facet of the company’s business”.
Gusev also has over ten years of management consulting experience in “key international firms” working with companies in the retail and FMCG sectors.
Commenting on Gusev’s appointment X5 supervisory board chairman Hervé Defforey said: “This management change occurs at a time of strength and momentum for our company. I have been working with Andrei Gusev over the last five years. I am convinced that the company under Andrei’s leadership will continue to be the dominant player in Russian retail in the years to come.”
See Also:
X5 said Khasis will remain with the company until 1 June to “ensure a smooth transition”.
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.
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“Lev has made an outstanding contribution to X5 and brought a strong focus on serving customers. During Lev’s tenure as CEO the company has grown more than fourfold in size. We wish him great success in his future endeavours,” said Defforery.
