MAGNIT PJSC (MGNT)
MAGNIT ANNOUNCES APPOINTMENT OF
Krasnodar, Russia (July 13, 2021): Magnit PJSC (MOEX and LSE: MGNT; the Company, Magnit), one of Russia's leading retailers, announces the appointment of Andrey Lukashevich to the position of E-Commerce Director.
Andrey will be responsible for shaping the strategy and executing the roll-out of digital sales channels, establishing and developing the e-commerce infrastructure, and ensuring the e-commerce business achieves its key financial targets.
Andrey Lukashevich successfully held managerial positions in web services development companies. From 2015 to 2018, he was first the Managing Director and then the CEO of Delivery Club, where, during his tenure, Andrey increased the size of the business of the company several times and developed own delivery business direction. In 2017, he was included in the ranking "Young Media Managers of Russia Rating" in the "Web Service CEO" category. In April 2018, Andrey headed the Mail.Ru Foodtech Ventures, a division created specifically for investments in online sales and food delivery projects. In early 2019, he became the CEO of Vezet taxi aggregator, where he occupied this position till the deal with Yandex.
Magnit is currently developing several online delivery projects, both in-house and with partners. As of the end of Q1 2021, its e-commerce services covered over 1,300 Company's stores in 58 regions and 94 cities. Moreover, around 60% of revenue from online projects is generated outside Moscow and St. Petersburg. Magnit delivers around 9,500 orders a day. The average ticket of the Company's own delivery service is around RUB 1,400, which is almost 3.8 times higher than in brick-and-mortar stores (Rub 372 in Q1 2021). In 2021, the Company plans to expand its online delivery by adding at least 1,500 convenience, drogerie, and large-format stores in more than 50 Russian regions.
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