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Franmax Names Povilas Šulys As New CEO

Published on May 7 2019 11:00 AM in Retail tagged: Trending Posts / Lithuania / Maxima Grupė / Franmax

Franmax Names Povilas Šulys As New CEO

Maxima Grupė's purchasing and operations arm, Franmax, has appointed Povilas Šulys as its new chief executive officer.

Most recently, Šulys served as the head of planning and analysis at Maxima Grupė, and has been a part of the retail group's management team for more than three years.

Šulys will replace Eglė Šimė, who has stepped down from the position.

In 2018, Maxima Grupė announced the decision to reorganise Franmax to refine and strengthen its international purchasing competencies.

Increasing Operating Efficiency

Commenting on his new role, Šulys, said, "Together with the team, we will aim for Franmax to be a reliable partner that meets expectations during this stage of expansion and can react quickly to the fast-changing business environment."

In February of this year, Franmax's agency service operations were spun off to the newly established company Maxima International Sourcing.

© 2019 European Supermarket Magazine – your source for the latest retail news. Article by Dayeeta Das. Click subscribe to sign up to ESM: European Supermarket Magazine.

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