Amsterdam, 5 March 2012
X5 Retail Group N.V., Russia’s largest retailer in terms of sales, today announced that Oleg Vysotsky, Discounter format General Director, will step down after nearly 15 years with the Company. He will continue to manage the business for an interim period and will serve as a transition advisor once a successor is appointed. The Company has already identified internal and external candidates and is conducting an exhaustive search to consider the broadest pool of management talent for this position.