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Cnova N.V. : Cnova N.V. Appointment: Emmanuel GRENIER as Chief Executive Officer (CEO) of Cnova N.V.


Emmanuel GRENIER as Chief Executive Officer (CEO)

of Cnova N.V.

AMSTERDAM, January 22, 2016; 07:45 CET -Cnova N.V. (Nasdaq&Euronext in Paris:
CNV) ("Cnova" or the "Company") today announced the designation of Mr.
Emmanuel Grenier, previously one of the two co-CEOs of the Company, as Chief
Executive Officer ("CEO") and replacement executive director of the Company.
This follows the resignation yesterday of Mr. German Quiroga, formerly co-CEO
of the Company and CEO of the Company's Brazilian subsidiary Cnova Comércio
Eletrônico S.A. ("Cnova Brazil"). With this appointment, Mr. Grenier becomes
the sole Chief Executive Officer and executive director of the Company.

Emmanuel Grenier
was appointed as our Co-CEO in June 2014 and subsequently appointed CEO and
replacement executive director on January 21, 2016. Since joining Casino
Group in 1996, Mr. Grenier has served in a variety of roles in supply chain
and IT, most recently as Managing Director and Chief Executive Officer of
Cdiscount since 2008. Mr. Grenier holds a masters degree from ESC Chambéry in

Moreover, Mr. Flavio Dias will be appointed as CEO of Cnova Brazil as of 15
February 2016, replacing Mr. Quiroga. Mr. Dias will report directly to Mr.

Flavio Dias is a recognized expert in the E-Commerce sector, having served as
CEO of as well as General Manager at Magazine Luiza and LatAm
E-business and CRM Manager at Philips Consumer Electronics. An engineer by
training, Mr. Dias also holds several advanced degrees in E-Commerce,
professional and business administration.

These changes do not affect the size of the Company's Board of Directors and
the composition of the Board's committees. Biographical information for Mr.
Grenier, Mr. Dias and the current members of the Company's Board of Directors
as well as information regarding the composition of the Board of Directors
and its committees is available
at regarding the
Company's remuneration policy pertaining to the members of its Board of
Directors is available

The Company and the Board of Directors thank Mr. Quiroga for his contributions
to the Company since its inception, congratulate Mr. Grenier on his
appointment as CEO and executive director and welcome Mr. Dias as CEO of
Cnova Brazil.

Cnova Investor Relations Contact:

G. Christopher Welton
Tel: +31 20 795 06 71

Media Contact:

Cnova N.V.
Head of Communications
+33 6 80 39 50 71

About Cnova N.V.

Cnova N.V., one of the world's largest e-Commerce companies, serves 15
million active customers
via state-of-the-art e-tail websites: Cdiscount in France, Brazil, Colombia,
Thailand, Vietnam, Ivory Coast, Senegal, Cameroon and Belgium;, and in Brazil. Cnova N.V.'s product offering
of close to 26
million items provides its clients with a wide variety of very competitively
priced goods, several fast and
customer-convenient delivery options as well as practical payment solutions.
Cnova N.V. is part of Groupe Casino, a global diversified retailer. Cnova
N.V.'s news releases are available at
Information available on, or accessible through, the sites referenced above
is not part of this press release.

This press release contains regulated information (gereglementeerde
informatie) within the meaning of the Dutch Financial Supervision Act (Wet op
het financieel toezicht) which must be made publicly available pursuant to
Dutch and French law. This press release is intended for information purposes

Forward-Looking Statements

In addition to historical information, this press release contains
forward-looking statements within the meaning of the U.S. Private Securities
Litigation Reform Act of 1995, Section 27A of the U.S. Securities Act of
1933, and Section 21E of the U.S. Securities Exchange Act of 1934. Such
forward-looking statements may include projections regarding Cnova's future
performance and, in some cases, may be identified by words like "anticipate,"
"assume," "believe," "continue," "could," "estimate," "expect," "intend,"
"may," "plan," "potential," "predict," "project," "future," "will," "seek"
and similar terms or phrases. The forward-looking statements contained in
this press release are based on management's current expectations, which are
subject to uncertainty, risks and changes in circumstances that are difficult
to predict and many of which are outside of Cnova's control. Important
factors that could cause Cnova's actual results to differ materially from
those indicated in the forward-looking statements include, among others: the
ability to grow its customer base; the ability to maintain and enhance its
brands and reputation; the ability to manage the growth of Cnova effectively;
changes to technologies used by Cnova; changes in global, national, regional
or local economic, business, competitive, market or regulatory conditions;
the ongoing internal review regarding inventory management in Brazil; and
other factors discussed under the heading "Risk Factors" in the U.S. Annual
Report on the Form 20-F for the year ended December 31, 2014 filed with the
U.S. Securities and Exchange Commission on
March 31, 2015
and other documents filed with or furnished to the U.S. Securities and
Exchange Commission. Any forward-looking statement made in this press release
speaks only as of the date hereof. Factors or events that could
Cnova's actual results to differ from the statements contained herein may
emerge from time to time, and it is not possible for Cnova to predict all of
them. Except as required by law, Cnova undertakes no obligation to publicly
update any forward-looking statements, whether as a result of new
information, future developments or otherwise.

22-01-2016 - PR Cnova N.V. Appointments


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Cnova N.V. via Globenewswire


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