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Magnit names former X5 exec as executive director

Russian food retailer PJSC Magnit appointed Olga Naumova, a former X5 Retail Group NV general director, as executive director, the company said May 16.

Naumova left the Dutch food retailer last month, where she served as general director of the Pyaterochka store format.

She will be in charge of the operational management and development of all of Magnit's store formats, among other responsibilities.

Magnit also named Ilya Sattarov as its new deputy executive director. Sattarov will be responsible for logistics, maintenance, vertical integration and projects in coordination with the Russian Post.