O`KEY GROUP announces appointment of new supply chain director

Mr Shadrin will take over as Supply Chain Director from Bojan Barišík as of May 2019, and will be primarily focused on modernising and improving both logistics and supply chain management. 

Sergey Shadrin, 41, has broad experience in food retail supply chain management. He began his career in 1999 at DANONE in Moscow, where he worked his way up from a planning supervisor to Operations Performance Director. For 14 years, Mr Shadrin held various executive positions at DANONE, overseeing supply chain and logistics operations in Russia, Ukraine, Saudi Arabia, and the CIS. From 2017 to 2019, he was the Supply Chain Director at AUCHAN, Moscow.  

Mr Shadrin holds a PhD degree in Economics from the Plekhanov Russian University of Economics and an MBA from Vlerick Business School, Belgium. He speaks Russian and English. 

OVERVIEW

O`KEY Group S.A. (LSE: OKEY, RAEX – ‘ruA-’) operates under two main formats: hypermarkets under the ‘O’KEY’ brand and discounters under the ‘DA!’ brand. As at 20 May 2019, the Group operates 164 stores across Russia (78 hypermarkets and 86 discounters). The Group opened its first hypermarket in St. Petersburg in 2002 and has since demonstrated continuous growth. O`KEY is the first among Russian food retailers to launch and actively develop e-commerce operations in St. Petersburg and Moscow, offering a full range of hypermarket products for home delivery. The Group operates six e-commerce pick-up points in Moscow and six e-commerce pick-up points in St. Petersburg. The Group operates four distribution centres across the Russian Federation – two in Moscow and two in St. Petersburg. As at 31 December 2018 the Group employs more than 20,000 people. For the full year 2018, revenue totalled RUB 161,303,411 thousand, EBITDA reached RUB 8,644,008 thousand, and net loss for the period amounted to RUB 599,755 thousand. The O`KEY shareholder structure is as follows: NISEMAX Co Ltd – 44.79%, GSU Ltd – 29.52%, free float – 25.69%.

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