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Retail

X5 Retail Group Appoints Svetlana Demyashkevich As CFO

Russian retail group X5 has announced that Svetlana Demyashkevich is being appointed as the company's new chief financial officer, effective from 29 June 2017.

Demyashkevich takes over from Dmitry Gimmelberg, who has decided to leave the retail organisation. Gimmelberg will temporarily stay on as an advisor to the CEO, in order to facilitate a smooth transition.

X5 Retail Group CEO Igor Shekhterman said, "I would like to thank Dmitry Gimmelberg for his meaningful contribution to the further development of the company's financial management function, including improvements to controls and budgeting, as well as streamlining of the investment process."

Multifaceted Experience

“Svetlana has multifaceted experience in financial management in the banking and corporate sectors," added Shekhterman. "She has worked on setting up and improving the efficiency of business planning, reporting and financial control systems, while also developing successful cooperation with major international financial institutions".

Demyashkevich has audited financial institutions at PwC, and was the financial controller at UNICEF Russia. She has also held several senior positions at Alfa-Bank.

She graduated with honours from the Financial University of the Government of the Russian Federation, and is also an ACCA qualified accountant.

© 2017 European Supermarket Magazine – your source for the latest retail news. Article by Aidan O’Sullivan. Click subscribe to sign up to ESM: The European Supermarket Magazine.

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