Russian retailer O’Key Group, has announced the appointment of Miodrag Borojevic as its new chief executive officer of hypermarket and supermarket business.
He will succeed the current CEO, Heigo Kera, from May 2017.
The Board of Directors thanked Kera for his distinguished service and tremendous contributions, citing his leadership, experience and dedication.
Kera will hand over the CEO responsibilities by June to ensure smooth transition of responsibilities with Borojevic, but will continue to serve as chairman of the board.
The New CEO
Since 2013, Borojevic has been CEO of Rewe Italy. Prior to that, from 2002 to 2013, he held various executive positions at Kaufland, overseeing its operations in Romania, Croatia, Bulgaria, Slovakia and the Czech Republic.
Borojevic speaks English, Italian, Russian, German, Croatian and Bulgarian.
“I am delighted to accept the offer to lead hypermarket and supermarket business of O’Key Group. I strongly believe in the significant potential for further growth [...] and see tremendous opportunity to add value for our customers, employees and shareholders in years to come”, said Borojevic regarding his appointment.
As of March 22, 2017, O'Key operates 164 stores across Russia - 74 hypermarkets, 36 supermarkets and 54 discounters.
© 2017 European Supermarket Magazine – your source for the latest retail news. Article by Gavin Ryan. Click subscribe to sign up to ESM: The European Supermarket Magazine.
