Magnit PJSC announced that Vladimir Sorokin, who previously held the office of Deputy Chief Executive Officer - Commercial Director, made a decision to resign on August 28,2020. After Mr. Sorokin's resignation, the Company's commercial department will be restructured, including launch of a dedicated commercial procurement unit. The aim of restructuring is to further strengthen category management, pricing, promo planning and private labels to ensure customer offering and margin improvement going forward. Jan Dunning will lead the critical initiatives in the reorganization process and takes an acting role of Commercial Director. The heads of the key blocks of the commercial department will report directly to CEO.