KRASNODAR, RUSSIA: Magnit PJSC, one of Russia’s leading retailers, announces changes to the Company’s organisational structure in order to accelerate Magnit’s digital transformation and focus on growing e-commerce sales.

As part of the reorganisation, a new business unit has been established to oversee the development of Magnit’s e-commerce sales channels and to continue to enhance the Company’s e-commerce infrastructure. The business unit will be led by Andrey Lukashevich, who was recently appointed to the position of E-commerce director. Andrey is responsible for Magnit’s continued e-commerce development and will report directly to Jan Dunning, Magnit’s President and CEO.

Going forward, a separate business unit will oversee the continuous development of Magnit’s technology and IT-infrastructure as well as the Company’s advanced analytics and big-data capabilities.

As a result of these organisational changes, the position of Executive Director and Deputy CEO, currently held by Florian Jansen, will be made redundant.

These changes are aimed at simplifying and speeding-up decision-making, ensuring more efficient cross-functional collaboration and accelerating the roll-out of Magnit’s e-commerce strategy and infrastructure, including the implementation of cutting-edge IT-systems.

Jan Dunning Magnit’s President and CEO said, “Magnit has ambitious expansion plans across both the Company’s store retail business and online sales channel. We continue to test various initiatives across both parts of the business in order to accelerate our progress moving forward. This progress will be underpinned by further enhancements to our IT-infrastructure and the smooth integration of this technology into Magnit’s key business processes, all supported by the organisational changes announced today.”