M.Video-Eldorado announces changes in the management structure

Index Press News
M.Video-Eldorado announces changes in the management structure
29.04.2022

M.Video-Eldorado Group (PJSC M.video, the Company, or the Group; MOEX: MVID), Russia’s leading e- commerce and consumer electronics retailer, announces that the Board of Directors of PJSC M.video approved the new management structure for the Group and its operating subsidiaries effective as of April 26th 2022.

Alexey Sukhov, the Corporate and Legal Director of M.Video-Eldorado Group, will become the General Director of PJSC M.video.

Enrique Fernandez will continue to run the operational business, lead the team and develop all projects related to further business improvements and operational efficiency. Mr. Fernandez will also continue to serve as a member of the Board of Directors of PJSC M.video.

Alexey Sukhov will continue to perform his duties as the Director for Corporate and Legal Relations and will also head LLC MV FINANCE, a subsidiary of PJSC M.video.

The changes aim at streamlining the governance structure of the Group in the current environment and will not affect its business efficiency and operating performance.