Lenta appoints Steven Hellman as a non-executive Director

St. Petersburg, Russia, 2017-Dec-01 — /EPR Retail News/ — Lenta, (LSE, MOEX: LNTA) one of the largest retail chains in Russia, is pleased to announce that Steven Hellman has been appointed as a non-executive Director of Lenta Ltd. with effect from 1st December, 2017.

Steven Hellman is the former Regional Chief Executive Officer of Credit Suisse for Russia and the CIS, a position he held from 2010 to 2016, during which period he advised Lenta in connection with its initial public offering and other corporate finance and strategic matters. From 2007 to 2010, Steven was Managing Director and head of Client Coverage for Credit Suisse Moscow. In a career spanning more than 25 years, he has worked with various global organizations as a business manager and as an investment banking and legal services professional in the United States, the United Kingdom and Russia/CIS across a broad range of industries, including food retail.

Steven has served on the boards of numerous Russian companies and is currently a director of FESCO Transportation Group and of TransContainer PJSC.

He graduated from the University of California, Berkeley with a Bachelor of Arts degree in Soviet Studies (1986) and a Juris Doctor degree (1989).

Steven Hellman will serve as one of three nominees of TPG on the Board of Directors, taking the place of Stephen Peel, who is resigning from the Board to launch a new private equity fund. Stephen Peel has served as a non-executive Director of Lenta Ltd. since 2011.

Lenta’s Chairman, John Oliver, commented:
“I am delighted that Steven Hellman has agreed to join the Lenta Board. The Company will benefit from his extensive Russian and international experience across diverse industries. He has been involved with Lenta since before the Company’s IPO, so he already knows the company and Russian food retail sector well.

On behalf of the Board I would also like to thank Stephen Peel for his contribution to Lenta’s development over the course of his 6-year tenure. We wish him success in his new endeavour.”

About Lenta
Lenta is the largest hypermarket chain in Russia and the country’s fourth largest retail chain. The Company was founded in 1993 in St. Petersburg. Lenta operates 217 hypermarkets in 79 cities across Russia and 77 supermarkets in Moscow, St. Petersburg, Novosibirsk, Yekaterinburg and the Central region with a total of approximately 1,298,457 sq.m of selling space. The average Lenta hypermarket store has selling space of approximately 5,700 sq.m. The average Lenta supermarket store has selling space of approximately 900 sq.m. The Company operates seven owned distribution centres.

The Company’s price-led hypermarket formats are differentiated in terms of their promotion and pricing strategies as well as their local product assortment. The Company employed approximately 40,400 people as of 30 June 20171.

The Company’s management team combines a mix of local knowledge and international expertise coupled with extensive operational experience in Russia. Lenta’s largest shareholders include TPG Capital and the European Bank for Reconstruction and Development, both of which are committed to maintaining high standards of corporate governance. Lenta is listed on the London Stock Exchange and on the Moscow Exchange and trades under the ticker: ‘LNTA’.

A brief video summary on Lenta’s business and its Big Data initiative can be seen here.

For further information please visit www.lentainvestor.com

Contact:

Lenta
E-mail: pr@lenta.com
NW Advisors
Russian Media:
Anton Karpov & Victoria Afonina
Тel:+7 495 795 06 23
E-mail: lenta@nwadvisors.com

FTI Consulting
International Media:
Leonid Fink
Тel: +44 7497 783 705
E-mail: Leonid.Fink@fticonsulting.com

Source: Lenta

British Land announces the appointment of Lord Nick Macpherson as a Non-Executive Director

London, 2016-Dec-22 — /EPR Retail News/ — The Board of The British Land Company PLC is pleased to announce the appointment of Nick Macpherson, formerly Permanent Secretary to HM Treasury, as a Non-Executive Director with effect from 19 December 2016.

Commenting on this appointment, John Gildersleeve, Chairman of British Land, said: “I am delighted to welcome Nick to the Board. He brings strong experience in financial and economic policy having worked in HM Treasury for more than 30 years, leading the department through the financial and economic crisis that began in 2007. His experience will further strengthen the diverse mix of expertise and experience on the Board. We very much look forward to him joining us.”

Nick is Chairman of C. Hoare & Co and a Director of the Scottish American Investment Trust.

Nick has no other disclosures to make pursuant to LR 9.6.13 R.

The Advisory Committee on Business Appointments at the Cabinet Office has approved this appointment.

Notes to Editors:

About British Land

We are one of Europe’s largest publicly listed real estate companies. We own, manage, develop and finance a portfolio of high quality UK commercial property, focused on Retail and London Offices and Residential. We own or manage total assets of £19.0 billion (British Land share is £13.9 billion) as valued at 30 September 2016. Our properties are home to over 1,200 different organisations ranging from international brands to local start-ups.

Our strategy is to create Places People Prefer. It is based on long term trends and creates a portfolio suited to current and future needs which are aligned to modern lifestyles. We employ our placemaking skills, and increasingly our mixed-use expertise to expand the appeal to a broader range of occupiers and drive long term performance.

Retail accounts for 49% of our portfolio. We create outstanding places for modern consumer lifestyles, places to shop eat and be entertained. Comprising over 20 million sq ft of Retail and Leisure space across regional and local multi-let destinations, superstores, department stores and leisure assets, the Retail portfolio is modern, flexible and adaptable to a wide range of formats.

Office and Residential accounts for 49% of our portfolio. It comprises 7.6 million sq ft of well-connected office-led campuses and ‘campus-lite’ clusters of high quality buildings. Office campuses include Regent’s Place and Paddington Central in the West End and Broadgate (50% share) in the City. Other assets include The Leadenhall Building, York House, 10 Portman Square and Marble Arch House and our residential assets are at Clarges Mayfair, The Hempel Collection and Aldgate Place.

Two per cent of our portfolio is at Canada Water – a 46 acre redevelopment opportunity in our medium term pipeline to create a new mixed-use urban centre for London.

Sustainability is embedded throughout our business. Our places become part of their local communities and promote health, improve productivity and increase enjoyment. We protect asset value and generate income from energy generation and efficiency, materials innovation and flood risk reduction, and develop skills and opportunities to help local people and businesses grow.

In April 2016 British Land received the Queen’s Award for Enterprise: Sustainable Development, the UK’s highest accolade for business success for economic, social and environmental benefits achievements over the last five years.

Further details can be found on the British Land website at www.britishland.com

Enquiries:
Investor Relations:
Jonathan Rae
British Land
020 7467 2938

Media Relations:
Pip Wood
British Land
020 7467 2838

Gordon Simpson
Finsbury
020 7251 3801

Source: British Land