By | 22 January 2013

CEDC has deepened its partnership with Russian Standard

CEDC has deepened its partnership with Russian Standard

Central European Distribution Corporation (CEDC) has appointed a new CFO weeks after handing over day-today control to Russian Standard owner Roustam Tariko.

Ryan Lee replaces Bartosz Kolacinski, who has been CEDC's interim CFO since September, the company said today (22 January). Kolacinski will return to his previous post of deputy CFO, CEDC said.

Previous CFO Christopher Biedermann, who had spent eight years in the role, resigned in September when Tariko took over as CEDC's interim president. Since then, Russian Standard and CEDC have deepened their partnership, and in late December Tariko was appointed to head CEDC's operational committee in return for funding. The agreement was “to stabilise CEDC's business and to pave the way for CEDC to address its balance sheet issues”, CEDC said at the time.

Lee has served as CFO of Russian Alcohol Group, a CEDC subsidiary, since April last year and has 13 years experience working in Russia, CEDC said.

Expert analysis

Spirits in Russia

Spirits in Russia industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2006-10, and forecast to 2015). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market. Essential resource for top-line data and analysis covering the Russia spirits market. Includes market size and segmentation data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.

Sectors: Emerging markets – BRIC, Spirits

Companies: CEDC

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