Krasnodar, August 19, 2019: Magnit PJSC (MOEX and LSE: MGNT; hereinafter — the “Company” or the “Group”), one of Russia’s leading retailers, announces the appointment of Anna Bobrova to the position of the HR Director.

Anna will be responsible for the human resources functions of the company, including organizational development, employee recruitment, training and development, as well as the motivational systems.

Anna has almost 20 years of experience in HR and has successfully implemented projects aimed at development and performance enhancement of line staff and management, increase of service level in stores, as well as built and managed modern IT systems in employee management of the retail sector. Before joining Magnit Anna held managerial positions in HR in food retail chains, such as X5 Retail Group and Metro, and companies like Sia Group, Rimera Group, Rosatom.

Tatyana Knyazeva, the former Head of the Directorate for HR, has decided to leave the company but will remain in an advisory role until October 31st to allow for a smooth transition.

Jan Dunning, Magnit’s President and CEO, commented:

“Magnit is in the process of the largest business transformation of its 25-year history. The key success factor here are our people, employees of Magnit, who have already built one of the flagships of Russian retail, and now have to adapt it to modern needs of our customers and the market.

That is why, I’m especially pleased to welcome Anna on board, knowing that her vast inter-industry experience will allow Magnit’s team to achieve its goals. We are grateful to Tatyana Knyazeva for extensive work she has done for the benefit of the company in this time of significant change”.

Magnit announces appointment of HR Director