X5 Retail appoints new CEO of IT Business

    X5 Retail appoints new CEO of IT Business


    NV, Russia’s largest retailer in terms of revenue, has announced the appointment of as CEO of IT Business company.

    IT Business, a dedicated X5 group company for e-commerce, currently operates through www.bolero.ru and www.003.ru online stores. The company posted 2010 net sales of $20.3 million and $6.9 million in the fourth quarter.

    Grodinsky has significant experience in FMCG and e-commerce. From 2006 to 2008, he served as general director of O-Courier (a major delivery channel of in Moscow and St Petersburg regions). In November 2008, he was appointed deputy CEO and operational director of . In February 2010, Grodinsky became the head of Alterwest, a Russian leader in ice cream and frozen foods.

    – IndiaRetailing Bureau