OREANDA-NEWS. Sergey Galitskiy, CEO of OJSC “Magnit”, Russia's largest retailer (MICEX and LSE: MGNT) has been named Businessman of the Year by Forbes Russia.

Magnit CEO Sergey Galitskiy has been named “Businessman of the Year” by Forbes Russia for 2013. The editors highlighted the leading position of Magnit under his management. During 11M 2013 the share price grew by 90%, Sales by 30% to 515.9 bn rubles, EBITDA margin for the 9M 2013 was 10.6% and Net Income margin 5.7%*.