Bloomberg News

Three Top-Managers Leave X5 Following CEO Gusev, Kommersant Says

August 29, 2012

Three top-managers left Russian food retailer X5 Retail Group NV (FIVE) following the resignation of Chief Executive Officer Andrey Gusev last month, Kommersant reported.

X5’s head of hypermarket format Jan Fuchs, logistics director Alexander Ermolenko and his deputy Vyacheslav Mekhnenko left the company, Kommersant said citing X5 statement. The managers were part of Gusev’s team, the newspaper said.

To contact the reporter on this story: Ilya Khrennikov in Moscow at

To contact the editor responsible for this story: John Viljoen at

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