Detsky Mir’s Board of Directors nominates new candidates to the Board
Moscow, Russia, 7 June 2022 – Detsky Mir Group, an omnichannel digital retailer and the leader in the children’s goods sector in Russia and Kazakhstan, announces additions to the list of candidates to the new Board of Directors, put forward for voting.
Following the recommendation of the Nomination and Remuneration Committee, the Board of Directors nominates the following candidates to the new Board of Directors of PJSC Detsky Mir, for consideration by the Annual General Meeting of Shareholders (AGM).
New candidates:
- Maria Davydova, executive director (Chief Executive Officer)
- Maria Volodina, executive director (Commercial Director, skills and experience: retail – apparel and footwear, production, sourcing, e-commerce)
Acting directors:
- Andrey Anishchenko, independent director
- Maria Gordon, independent director
- Tony Maher, independent director
- Alexander Shevchuk, independent director
- Pavel Grachev, non-executive director
- Mikhail Stiskin, non-executive director
- Dmitry Klenov, non-executive director
- Vladimir Klimanov, non-executive director
AGM materials will be made available from 8 June 2022 upon request to the Company’s Corporate Secretary Office at: 3 Third Nizhnelikhoborsky Proezd, Bld. 6, Moscow, 127238, Russia and on Detsky Mir’s website https://ir.detmir.ru/general-meeting-of-shareholders.
For additional information:
Natalya Rychkova
Head of Public Relations
+7 495 781 0808, ext. 2041
Nikita Moroz
Head of Investor Relations
Tel.: + 7 495 781 08 08, ext. 2315
Elvira Kakurkina Appointed New Commercial Director for Fast-Moving Consumer Goods at Detsky Mir Group
Moscow, Russia, 6 April 2022 – Detsky Mir Group, a multi-vertical digital retailer and the leader in the children’s goods sector in Russia and Kazakhstan, announces the appointment of Elvira Kakurkina as its new Commercial Director for Fast-Moving Consumer Goods and Member of the Management Board.
Elvira will be responsible for managing procurement and assortment, developing category strategies, defining our assortment policy, overseeing pricing and promotions, and expanding the Company’s market share across a range of categories, including newborn products (food, diapers, large-size products, and hygiene products), toys, sports, and stationery. She has taken over from Konstantin Frishberg, officially taking up her position on 1 April 2022.
Elvira joined Detsky Mir Group in 2017. Prior to her role as Commercial Director, she was the Head of the Newborn Products Department as well as the Commercial Director of Detsky Mir in Kazakhstan and Belarus. Before joining Detsky Mir Group, she served at Auchan, where she worked as the Head of the procurement team for toys, stationery, sporting goods, and textiles.
“First and foremost, I would like to thank Konstantin Frishberg for his efforts and immense contribution to growing Detsky Mir. The commercial team currently faces even more ambitious targets. I am confident that Elvira’s managerial skills will enable us to respond more nimbly to changing market conditions, offer more powerful solutions and build our market leadership,” commented Maria Davydova, CEO of Detsky Mir Group.
For additional information:
Julia Polikarpova
Head of Public Relations
Tel.: +7 495 781 08 08, ext. 2041
upolikarpova@detmir.ru
Detsky Mir Group Names Georgy Kononov as New Chief Operating Officer
Moscow, Russia, 2 March 2022 – Detsky Mir Group, a multi-vertical digital retailer and the leader in the children’s goods sector in Russia and Kazakhstan, announces the appointment of Georgy Kononov as its new Chief Operating Officer (COO) and Member of the Management Board.
Georgy will oversee the ongoing development of the Group’s various store formats and sales channels, and be responsible for increasing space productivity, introducing state-of-the-art technologies, and accelerating our digital transformation. He has taken over from Sergey Li, officially taking up his position on 1 March 2022.
Prior to his role as the COO, Georgy Kononov was the Head of Detsky Mir Group’s Retail Development and Support Department.
Georgy has a wealth of experience in the retail industry. Prior to joining Detsky Mir, he was Director of Retail Formats Development Department at M.Video-Eldorado, where he was responsible for shaping the retail development strategy, developing innovative technology solutions for retail, and rolling out new store formats and sales channels. Prior to this, he held senior management roles at the duty-free retailers The Nuance Group AG (Zurich, Switzerland) and Arial, parent of Runway Duty Free.
Georgy graduated with honors from the Moscow State University of Applied Biotechnology.
“I am convinced that Georgy’s relevant expertise in operational management and knowledge of retail will make a significant contribution to the future growth of Detsky Mir, helping us to maintain high levels of business efficiency,” commented Maria Davydova, CEO of Detsky Mir Group.
“I believe that my long track record in retail, operational management, and business development will help Detsky Mir make positive progress on its strategic objectives and achieve its ambitious goals,” emphasized Georgy Kononov, COO of Detsky Mir Group.
For additional information:
Julia Polikarpova
Head of Public Relations
Tel.: +7 495 781 08 08, ext. 2041
upolikarpova@detmir.ru
Detsky Mir’s Shareholders Approved an Interim Dividend for 9 Months 2021
Moscow, Russia, 17 December 2021 – Detsky Mir Group (“Detsky Mir” or the “Company”, MOEX: DSKY), a multi-vertical digital retailer and the leader in the children’s goods sector in Russia and Kazakhstan, announces the results of its Extraordinary General Meeting of Shareholders (EGM) that took place on 15 December 2021.
The EGM passed the following resolutions by absentee vote:
1. Approve an interim dividend payment for 9 month 2021 of RUB 3,842,800,000 or RUB 5.20 per ordinary share. The amount of interim dividend represents 60% of adjusted RAS net profit for nine months 2021(1). The total amount of paid dividends in 2021 increases by 7% year-on-year to RUB 8.3 bn.
2. Set the record date for dividend for 26 December 2021. The Company plans to pay out the indicated dividends by the end of 2021.
(1) – Adjusted profit under RAS for 9 months of 2021 amounted to 6.3 billion rubles and is calculated as net profit under RAS for 9 months in the amount of 7.6 billion rubles less a one-time income received from a government subsidy in the form of forgiven debt in Q2 2021 in the volume of 1.3 billion rubles. The company does not plan to distribute the received subsidy as dividends in 2021.
For additional information:
Julia Polikarpova
Head of Public Relations
Tel.: +7 495 781 08 08, ext. 2041
upolikarpova@detmir.ru
Mikhail Makhyanov
Head of Investor Relations
Tel.: + 7 495 781 08 08, ext. 2315
mmakhyanov@detmir.ru
Detsky Mir Ranked Best-In Class by Institutional Investor
Moscow, Russia, 13 September 2020 – Detsky Mir Group (“Detsky Mir” or the “Company”, MOEX: DSKY), the largest multi-vertical digital retailer in Russia and Kazakhstan, made it to the top three in key EMEA consumer categories in a survey by Institutional Investor.
According to the updated ranking by Institutional Investor, a leading global financial periodical, Detsky Mir’s CEO Maria Davydova ranked among the top three CEOs in the sector. The Detsky Mir team came second in both the overall ranking of management teams and among IR teams.
For over 35 years, Institutional Investor has been conducting research surveys to recognize the best experts and best-in-class companies in their respective industries. About one thousand people from 538 companies voted in the 2021 survey by the Institutional Investor Emerging EMEA Research Team. Every vote was weighted based on the responding firm’s assets under management in the respective sector.
For additional information:
Julia Polikarpova
Head of Public Relations
Tel.: +7 495 781 08 08, ext. 2041
Detsky Mir Continues to Strengthen Its Team with Mikhail Makhyanov Appointed Director of Investor Relations
Moscow, Russia, 16 August 2021 – PJSC Detsky Mir (“Group”, “Detsky Mir” or the “Company”, MOEX: DSKY) announces the appointment of Mikhail Makhyanov to the position of Head of Investor Relations.
Mr. Makhyanov will be responsible for interfacing with the community of investors and analysts, as well as for providing open and transparent disclosures of information on the Company’s performance and development strategy.
Mikhail has over 7 years of experience in public capital markets. Prior to joining Detsky Mir, he was Head of Capital Markets in Polyus, the largest gold producer in Russia. Previously, Mikhail worked as Vice President at Renaissance Capital Investment Bank, where he worked on public equity and debt capital markets transactions out of Russia, CIS and Africa.
Mikhail holds a Master’s degree in Economics from New Economic School and a Master’s degree in Applied Mathematics and Physics from the Moscow Institute of Physics and Technology.
“Detsky Mir’s investability is inextricably linked to how effectively and transparently our IR communications are set up. Our Company is committed to openness and the highest standards of corporate governance. There is no doubt in my mind that Mikhail’s track record in finance, and the expertise he has gained from it, will allow him to take our interactions with the investment and analytics community to a whole new level and bring a fresh approach to the way we disclose information about our business,” commented Maria Davydova, CEO of PJSC Detsky Mir.
For additional information:
Julia Polikarpova
Head of Public Relations
Tel.: +7 495 781 08 08, ext. 2041
Detsky Mir Strengthens Its Top Management Team
Moscow, Russia, 2 August 2021 – PJSC Detsky Mir (the “Group”, “Detsky Mir” or the “Company”, MOEX: DSKY) announces changes in the Company’s top management. Driven by the fast pace at which the Company’s new ambitious strategy, business verticals and digital transformation are being implemented and deployed, Detsky Mir has decided to strengthen its C-suite team with experts who have relevant experience in delivering retail digitalization and integrating advanced solutions.
Anna Garmanova, Chief Financial Officer (CFO) at Detsky Mir, leaves the Company on 1 August 2021. Andrey Spivak will take up the role of CFO and Member of the Management Board from 16 August 2021.
Mr. Spivak has over 19 years of experience in retail and FMCG, with a strong track record in building processes across strategic and operational financial planning, as well as management reporting and analysis, including the deployment of appropriate IT solutions. Prior to joining Detsky Mir, Mr. Spivak held a number of senior management positions at Magnit, including Director of Advanced Analytics, Reporting and Big Data, Controlling and Economics Director, and Deputy CFO. Previous to his time with Magnit, he also served in senior management roles at X5 Retail Group, including the CFO of Perekrestok, Strategy Implementation Director, and Financial Planning and Analysis Director. Before that he was Finance Manager at Wrigley Ukraine, and also held various positions in finance at Wrigley Russia and Wrigley GmbH (Munich). Mr. Spivak is a graduate of the Saint Petersburg State University of Economics.
“Andrey boasts extensive experience in financial management, investment and digital transformation from several companies. This synergy will translate to the successful implementation of Detsky Mir’s own ambitious strategy and digitalization program. Andrey will focus on maintaining the Company’s business efficiency and high dividends, strategic planning and investment allocation across new business verticals. I wish Andrey every success in implementing his plans, and I am confident he will exceed expectations. I would also like to take the opportunity to thank Anna Garmanova for her enormous contribution to Detsky Mir’s growth story, something that helped the Company to become Russia’s major nationwide public retailer with a unique business model and a solid financial performance,” commented Maria Davydova, CEO of PJSC Detsky Mir.
“For me, the move to Detsky Mir means new professional challenges and the chance to work on big and exciting tasks. I am pleased to be able to join the team of a major nationwide player with an unmatched omnichannel business model. I am certain that my previous experience will come in useful for Detsky Mir Group and will strengthen its leading market position,” commented Andrey Spivak, CFO at Detsky Mir Group.
Sergey Li took up the position of Chief Operating Officer (COO) and Member of the Management Board on 15 July 2021.
Mr. Li will be responsible for the strategic and operational management of Detsky Mir Group’s retail chains in Russia, Kazakhstan and Belarus, the development of new concepts for a variety of store formats, overseeing retail technologies and providing support for the Company’s digital transformation.
Mr. Li has over 17 years of experience in retail, most recently as Managing Director at M.Video-Eldorado Group, where he was responsible for operating the Eldorado brand’s operations. Prior to this, he was the Director of the Consumer Electronics Division of M.Video, overseeing all company procurement, marketing and logistics. Before serving at M.Video-Eldorado Group, Mr. Li headed Sulpak, Kazakhstan’s largest electronics retail chain, as an executive director, and was also Business Development Manager at Philips Russia. Mr. Li graduated from the Moscow Technical University of Communications and Informatics.
“Detsky Mir is successfully pressing on with its transformation into a digital retailer that boasts growing retail formats, as well as a business model and technology solutions that are unique to the Company. The expertise that Sergey brings to the table will allow us to accelerate our growth rate, expand our footprint and leverage digital tools to improve the customer experience. I wish Sergey success in overcoming these new challenges and securing impressive operating results,” commented Maria Davydova, CEO of PJSC Detsky Mir.
“I am very excited to join the team at Detsky Mir – a recognized market leader – and am strongly committed to driving the achievement of its ambitious goals. I am confident that my extensive experience in retail and operational management will help the Company to successfully meet its strategic objectives,” said Sergey Li, COO at Detsky Mir Group.
For additional information:
Julia Polikarpova
Head of Public Relations
Tel.: +7 495 781 08 08, ext. 2041
Maria Gordon re-elected Chairwoman of Detsky Mir’s Board of Directors
Moscow, Russia, 7 July 2021 – The Board of PJSC Detsky Mir (“Detsky Mir” or the “Company”, MOEX: DSKY), elected Maria Gordon as Chairwoman of the Board of Directors. Pavel Grachev was elected as Deputy Chairman of the Company’s Board.
The Board of Directors appointed committee members as follows.
Strategy and Sustainability Committee
1. Grachev, Pavel Sergeevich – Chairman of the Committee;
2. Anischenko, Andrey Anatolievich (independent director);
3. Davydova, Maria Sergeevna (CEO of the Company);
4. Foss, Michael (independent director);
5. Gordon, Maria Vladimirovna (independent director);
6. Maher, Tony;
7. Rönnberg, David (independent director);
8. Stiskin, Mikhail Borisovich.
Audit Committee
1. Foss, Michael (independent director) – Chairman of the Committee;
2. Gordon, Maria Vladimirovna (independent director);
3. Shevchuk, Alexander Viktorovich (independent director).
Nomination and Remuneration Committee
1. Gordon, Maria Vladimirovna (independent director) – Chairwoman of the Committee;
2. Anischenko, Andrey Anatolievich (independent director);
3. Shevchuk, Alexander Viktorovich (independent director).
For additional information:
Julia Polikarpova
Head of Public Relations
Tel.: +7 495 781 08 08, ext. 2041
upolikarpova@detmir.ru
Sergey Levitskiy
Head of Investor Relations
Tel.: + 7 495 781 08 08, ext. 2315
slevitskiy@detmir.ru
Andrey Osokin Appointed to the Position of Detsky Mir Marketing Director
Moscow, Russia, 16 June 2021 – Detsky Mir Group (“Detsky Mir” or the “Company”, MOEX: DSKY), the largest omnichannel children’s goods retailer in Russia and Kazakhstan, announces the appointment of Andrey Osokin as Marketing Director and Member of the Company’s Management Board.
Mr. Osokin will spearhead Detsky Mir’s marketing strategy and manage the Group’s portfolio of brands and communications with customers in Russia and abroad.
Prior to joining Detsky Mir, he served as Marketing Director for Goods.ru (part of M.Video–Eldorado Group), where he greatly contributed to building the company brand and achieving its key business targets, all while getting the Marketing Department off the ground. Mr. Osokin previously held a number of senior positions at Otto Group Russia, Baon-Desam and Unitex, where he developed e-commerce, as well as strategic and brand communications.
Andrey Osokin graduated from the Moscow Aviation Institute (National Research University) and the RMA business school, having studied Internet Business Management.
“I am delighted to welcome Andrey Osokin to our team. I am convinced that his expertise and professionalism will help the Company secure stronger results on the children’s goods market and successfully develop new business verticals,” said Maria Davydova, CEO of PJSC Detsky Mir.
For additional information:
Julia Polikarpova
Head of Public Relations
Tel.: +7 495 781 08 08, ext. 2041
upolikarpova@detmir.ru
Sergey Levitskiy
Head of Investor Relations
Tel.: + 7 495 781 08 08, ext. 2315
slevitskiy@detmir.ru
Detsky Mir Announces the Date of AGM
Moscow, Russia, 26 May 2021 – PJSC Detsky Mir (“Detsky Mir” or the “Company”, MOEX: DSKY), announces that its Board of Directors at a meeting on 25 May 2021 resolved to convene the Annual General Meeting of Shareholders (AGM). The AGM will be held by absentee vote, and the deadline for receipt of completed ballots is 30 June 2021. The record date for the AGM is 5 June 2021.
The Board of Directors has approved a final list of candidates to the new Board of Directors, set to be voted upon at the AGM:
Candidates nominated by the Board of Directors:
- Maria Gordon, incumbent Chairwoman of the Board of Directors, independent director
- Andrey Anishchenko, incumbent independent director
- Michael Foss, incumbent independent director
- Tony Maher, incumbent non-executive director
- David Rönnberg, independent director
- Alexander Shevchuk, incumbent independent director
Candidates nominated by Gulf Investments Limited (shareholder owning 25% of Company voting shares):
- Pavel Grachev, incumbent Deputy Chairman of the Board of Directors, non-executive director
- Dmitry Klenov, incumbent non-executive director
- Vladimir Klimanov, incumbent non-executive director
- Mikhail Stiskin, incumbent non-executive director
A total of 10 directors may be elected to Detsky Mir’s Board of Directors. The Company has received the consent of all candidates to the election.
The Board of Directors recommended that the AGM approve the payment of the entire net profit for Q4 2020 as a final dividend, representing a payment of RUB 4.5 bn or RUB 6.07 per ordinary share. Thus, the total value of paid dividends for 2020 may amount to RUB 8.2 bn, corresponding to around RUB 11.15 per ordinary share. The Board of Directors further recommended that the AGM set the dividend record date for 11 July 2021.
In addition, the agenda of the AGM includes the following items: a vote to approve the Company’s amended Charter and the Regulations on Remuneration of Board of directors, Annual Report and Accounting Report for FY 2020, as well as the election of the Auditor and the Audit Commission.
Materials for the Annual General Meeting of Shareholders will be made available from 8 June 2021 on the Company’s website (ir.detmir.ru) and upon request to the Company’s Corporate Secretary Office: 3 Third Nizhnelikhoborskiy Proezd, Bld. 6, Moscow, 127238, Russia.
Persons having the right to participate in the PJSC Detsky Mir’s Annual General Meeting of Shareholders will be able to fill in the electronic ballot form and vote online at aoreestr.ru.
Biography of David Rönnberg, the new nominee to the Company’s Board of Directors:
An experienced retail and e-commerce executive, currently CEO at Musti Group, a leading omnichannel pet supplies retailer operating in the Nordic countries, which conducted its Initial Public Offering on Nasdaq Helsinki in 2020.
Prior to joining Musti Group, David from 2015 to 2016 led Indiska AB, a Swedish apparel and home accessories retailer. David Rönnberg also headed a number of European e-commerce companies, including Internetstores Nordic, an online store for outdoor products, and Brando’s, an online apparel and footwear retailer.
Maria Davydova, PJSC Detsky Mir Chief Executive Officer, said:
“The Company’s management supports the decision of the Board of Directors to recommend the Annual General Meeting of Shareholders to distribute the entire net profit for 2020 as dividends. The Company’s solid performance in the current quarter further evidences this decision: the total Group sales, including the online marketplace, increased by 58.7% year-on-year in April–May.
“We are also pleased to welcome David Rönnberg as a candidate to the new Board of Directors. We believe that David will bring a wealth of professional expertise to the table, helping us to implement the development strategy of the pet supplies vertical.”
For additional information:
Julia Polikarpova
Head of Public Relations
Tel.: +7 495 781 08 08, ext. 2041
upolikarpova@detmir.ru
Sergey Levitskiy
Head of Investor Relations
Tel.: + 7 495 781 08 08, ext. 2315
slevitskiy@detmir.ru
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