Magnit CEO Sergey Galitskiy has been named the winner of the Award: “Russian leaders in corporate governance.” This is Mr. Galitskiy’s third nomination for the “Best corporate manager”¹ at the annual Corporate Governance roundtable of the Investor Protection Association (IPA). OJSC “Magnit” has also won the Award for the “Company with the best corporate governance” for the second consecutive time.

The Investor Protection Association (IPA) was established in April 2000 to unite efforts of investors aimed at protecting their rights and improvement of corporate governance in Russia. Among the members of the Association there are Russian and foreign investors with a cumulative volume of investment in the Russian economy of over US$ 25 bn and considerable experience of operations in the Russian market.

IPA members are Alfa Bank, ATON, Vostok Nafta Investment Ltd, VFP, Dart Management, Deutsche Bank AG, EOS Russia, Equinox Fund Management, IC Russ-Invest, East Capital Asset Management, Kazimir Partners, KIT-Finance, NCH Advisors, ОМЗ, PPF BETA Ltd., Parus Capital Limited, Industrial Investors, Prosperity Capital Management, Renaissance Capital, SUN Capital Partners, Templeton Asset Management, Leader Management Company, Uralsib Management Company, Philip Morris Marketing and Sales, Hermitage Capital Management, Fleming Family & Partners.

¹ Sergey Galitskiy also won the “Russian corporate governance leaders — 2009” and “Russian corporate governance leaders — 2011” awards in the same nomination

Magnit CEO Sergey Galitskiy named the best corporate manager