Corporate governance

Fix Price Group maintains an effective system of corporate governance in compliance with the requirements of the London Stock Exchange and the Moscow Exchange, as well as international best practices. The Group is constantly enhancing its corporate governance to ensure the protection of the rights of its shareholders and other stakeholders.

The highest corporate body of Fix Price Group Ltd is the general shareholders meeting. 

The Board of Directors is elected by the shareholders and reports to them. The Board of Directors is in charge of strategic management of the Group and supervision over the Group’s executive team. Currently, the Board of Directors consists of seven members, three of which are independent. The Board of Directors has established an audit committee, a nomination and remuneration committee and a strategy committee.

The executive team of the Group, led by the chief executive officer, is in charge of day-to-day operations of the Group and implements the tasks formulated by the shareholders and the Board of Directors.

Sergey Lomakin

Chairman and Founding Shareholder

Alexander Tynkovan

Deputy Chairman, Independent Non-executive Director

Artem Khachatryan

Founding Shareholder

Dmitry Kirsanov

Executive Director

Alexey Makhnev

Non-executive Director

Elena Titova

Independent Non-executive Director

Gregor Mowat

Independent Non-executive Director

Dmitry Kirsanov

Chief Executive Officer

Anton Makhnev

Chief Financial Officer

Valery Ryazanov

Sales Director

Inna Kondratyeva

Head of Category Management

Oleg Shtainagel

Logistics Director

Vladimir Pogonin

Real Estate Director

Victoria Smirnova

Head of Marketing

Anton Maximenko

Head of HR

Marina Kroshkina

Chief Accountant

Elena Ivanova

Director of Controlling Department

Irina Osipova

Chief Treasurer

Oleg Lexin

Head of IT

Andrey Zaykin

Head of Security

The Board of Directors has three committees:

  • Audit Committee
  • Nomination and Remuneration Committee
  • Strategy Committee


Responsibilities of these committees are stated below.


Audit Committee

The Audit Committee assists the Board of Directors with the review of the Group’s internal and external audit activities, including the review of internal control systems, compliance with financial reporting requirements, and the scope, results and cost effectiveness of external audit. 

Members:

  • Gregor Mowat (independent, chairman)
  • Elena Titova (independent)
  • Alexey Makhnev


Nomination and Remuneration Committee

The Nomination and Remuneration Committee makes recommendations to the Board of Directors with regards to the appointment of new directors, helps identify, interview and select candidates with suitable industry or key competency experience, and assess the independence of such candidates. The committee also reviews senior management appointments and company-wide succession planning and other human resources related matters.

It also assists the Board of Directors in discharging its responsibilities in relation to remuneration, including reviewing the Group’s overall compensation policy, making proposals to the Board of Directors as to the remuneration of the directors of the Company and of the Group’s Senior Management.

Members:

  • Alexander Tynkovan (independent, chairman)
  • Gregor Mowat (independent)
  • Elena Titova (independent)


Strategy Committee

The Strategy Committee assists the Board of Directors with the analysis and monitoring of the strategic management issues of the Group, consideration of M&A and large investment projects.

Members:

  • Alexander Tynkovan (independent, chairman)
  • Sergey Lomakin
  • Alexey Makhnev

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