30 November 2009

The supervisory board of X5 Retail Group has recommended that shareholders extend the term of Lev Khasis, the group’s CEO, for four years, X5 Retail said in a statement. The new term would start in May 2010. The Chairman of the group's Supervisory Board, Herve Defforey, was quoted as saying: "Lev Khasis has played a key role in creating X5 in 2006 and shaping the company into what it is today, Russia's number one retailer and the most successful multi-format operator." Khasis joined Perekrestok's Board of Directors in 1999, later becoming its Chairman in 2002 until its merger with the Pyaterochka in 2006.