PJSC M.video (M.Video-Eldorado Group, the Company, or the Group; MOEX: MVID), Russia’s leading e-commerce and consumer electronics retailer and part of the SAFMAR Group owned by Mikhail Gutseriev, announces that the Annual General Meeting of Shareholders (the “AGM”) held on May 7, 2021 elected a new composition of the Board of Directors. As a result, one third of the Board now consists of independent directors.
M.Video-Eldorado Group continues to improve its corporate governance practices, including by strengthening the relevant expertise and independence of the Board of Directors. PJSC M.video's AGM resolved to elect a new composition of the Board of Directors, with three of the nine spots now occupied by independent directors. The number of directors representing M.Video-Eldorado Group’s main shareholder, SAFMAR Group, was reduced to two: Said Gutseriev and Avet Mirakyan.
The AGM elected the following members to the Board:
- Andreas Blasé, Non-Executive Director
- John Browett, Independent Director
- Said Gutseriev, Non-Executive Director
- Ekaterina Lapshina, Independent Director
- Avet Mirakyan, Non-Executive Director
- Riccardo Orcel, Non-Executive Director
- Vladimir Preobrazhensky, Independent Director
- Alexander Tynkovan, Non-Executive Director
- Enrique Fernandez, Non-Executive Director
On December 29, 2020, the Extraordinary General Meeting of Shareholders resolved to reduce the number of directors on the Board from 14 to 9.
Information on the independent directors and new members of PJSC M.video's Board of Directors:
John Browett
2021 – present: Non-Executive Chairman, Northern Building Plastics
2020 – present: Non-Executive Chairman, Cifas
2019 – present: Executive Chairman, Internet Fusion Group
2018 – present: Non-Executive Director, Yoti
2018 – present: Senior Advisor, Boston Consulting Group
2018 – present: Non-Executive Director, Wehkamp
2017 – present: Non-Executive Chairman, Dome House
2017 – present: Non-Executive Chairman, Roofmaker
2015 – present: Non-Executive Director, Octopus Capital
2017 – 2019: CEO, BillsaveUK
2015 – 2017: CEO, Dunelm Group PLC
2013 – 2015: CEO, Monsoon Accessorize
2012 – 2012: Senior Vice President of Retail, Apple
2007 – 2012: CEO, Dixons Retail
Ekaterina Lapshina
2020 – present: Vice President, ER-Telecom Holding
2020 – present: Member, Board of Directors, ER-Telecom Holding
2019 – present: Member, Board of Directors, Stalmost
2019 – present: Member, Board of Directors, Spetsdorproekt
2019 – present: CEO, Ogodzha LLC
2017 – present: Founder and CEO, ERA Holding
2017 – present: CEO, ERA LLC
2017 – present: CEO, ERA-Dobycha LLC
2017 – present: CEO, ERA-Transportnye Resheniya LLC
2017 – present: CEO, Amur-Logistika LLC
2015 – present: Member, Board of Directors, RT-Razvitie Biznesa LLC
2019 – 2019: Member, Board of Directors, Epokha Digital
2015 – 2018: CEO, Marsfield Capital; Chairman of the Boards of Directors of portfolio companies
2015 – 2018: Director, YOTA
2016 – 2017: Member of the Management Board, Gemcorp Capital, System Capital Management JSC
2010 – 2015: Various positions at Marsfield Capital and portfolio companies, including Member of the Supervisory Board of Ukrtelecom; Chair of the Management Board’s Strategy Committee, Member of the Management Board of VegaTelecom
2008 – 2010: Head of the Investment Department and Junior Partner, Adela Holding Limited
Vladimir Preobrazhensky
2019 – present: Independent Director, Board of Directors, BI Group
2016 – present: Independent Director, Board of Directors, PJSC M.Video
2013 – present: Visiting Professor, New Economic School
2020 – 2020: Member, Board of Directors, MULTiKUBIK LLC
2018 – 2020: Independent Director, Board of Directors, Volga-Dnepr Logistics B.V.
2016 – 2020: Chairman, Board of Directors, MULTiKUBIK LLC
2014 – 2020: Member, Board of Directors, Volga-Dnepr Moscow LLC
2012 – 2014: Research Director, Moscow School of Management SKOLKOVO
Riccardo Orcel
2021 – present: Vice Chairman, VTB Capital
2011 – 2021: Member, Executive Committee, VTB Capital
2011 – 2021: Managing Director, Head of Global Banking, VTB Capital
2012 – 2018: Non-Executive Director, EN+
2011 – 2021: VTB Bank
2014 – 2021: Senior Vice President, Head of International Client Coverage
2014 – 2021: Senior Vice President, Head of VTB International: VTB India, VTB Shanghai, VRB of Vietnam, VTB Serbia and VTB Angola
2014 – 2017: Member, Board of Directors, VTB Europe
2011 – 2014: Senior Vice President, Head of Russia and CIS Client Coverage Department
2011 – 2012: Deputy Chairman, Board of Directors, VTB Bank
2006 – 2011: Merrill Lynch and Bank of America Merrill Lynch (London, New York)
2008 – 2011: Managing Director, Member of the EMEA Executive Committee and Head of Central and Eastern Europe, Middle East and Africa Corporate and Investment Banking coordinating offices in Poland, Dubai, South Africa and Moscow
2009 – 2011: Managing Director, Member of the Executive Committee of Merrill Lynch Russia and Head of Russia Corporate and Investment Banking
2006 – 2009: Managing Director, Head of Financial Institutions for Central and Eastern Europe, Middle East and Africa
2002 – 2005: ABN Amro
Managing Director, Head of the Bank Coverage Group for Europe
1997 – 2002: Polaris Partners (London)
Founding Partner, Polaris Capital
1988 – 1997: Merrill Lynch (London)
1995 – 1997: Head of EMEA Structured Finance Team
1993 – 1995: Co-Head of EMEA Financial Institution Group DCM
1988 – 1993: Coverage of Italy and Southern Europe for Financing and Derivative Products