9 July 2021
Lenta Announces Management Change
St. Petersburg, Russia, 9 July 2021: Lenta IPJSC (MOEX & LSE: LNTA), one of the largest retail chains in Russia, today announces the appointment of Igor Ovsienko as Chief Supply Chain Officer (CSCO).
Igor Ovsienko takes up his role as CSCO with effect from 9 June 2021. He replaces Joern Arnhold in this position, who has decided to leave Lenta after 10 years of service at the company.
Igor joined Lenta in 2006 as a logistics manager. In 2012 he took up a role as Distribution Center Director, and since 2018 has served as Lenta’s Transport and Distribution Director.
Igor graduated from the D.F. Ustinov Baltic State Technical University in St Petersburg.
Lenta’s Chief Executive Officer, Vladimir Sorokin, commented:
“Joern has built up Lenta’s efficient supply chain operations to be probably the best in the market, ensuring on-time delivery of goods to stores both through phases of robust growth and during the challenges of the onset of the coronavirus pandemic in 1H 2020. I would like to thank him on behalf of the company for his contribution to Lenta’s success.
“As our new CSCO, Igor Ovsienko will continue to support the smooth execution of Lenta’s growth strategy, maintaining our highly efficient supply-chain operations and ensuring on-shelf availability of high-quality goods in our stores across all formats. I have every confidence in his ability to succeed in the role, given his substantial experience and knowledge of Lenta’s operations.”
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Lenta IPJSC (LSE and MOEX: LNTA) is a leading Russian multi-format food and FMCG retailer. The company operates hypermarkets, supermarkets, and recently launched a new proximity store format under the brand “Mini Lenta.” Lenta is Russia’s largest hypermarket operator and the fourth largest food retailer overall by Sales. The company was founded in 1993 in St. Petersburg and as of March 31, 2021 operated 254 hypermarkets and 140 supermarkets in 89 cities across European Russia with more than 1.5 million square meters of Selling Space. The average Lenta hypermarket has approximately 5,500 square meters of selling space, the average Lenta supermarket has 800 square meters, and the Mini Lenta format is 500 meters on average. The company operates 13 distribution centers to supply all of its stores. 2020 Revenues were RUB 445 billion (approximately USD 6 billion).