Our Board Members

Vitaliy Podolskiy

Board Member

Executive Profile

Vitaliy Podolskiy is a distinguished Board Chairman, Non-Executive Director (NED) and C-Suite Executive with over two decades of international leadership in finance and governance. His expertise spans finance, strategy, audit and corporate governance across key global markets including the US, UK, EU, Israel, LATAM and the CIS. Renowned for driving radical business transformations, orchestrating complex turnarounds and delivering exceptional shareholder value, Vitaliy is a proven leader at both board and executive level. 

He currently holds the position of Vice Chairman of the Board and Chair of the Audit and Anti-Corruption & Ethics Committees for JSC «O’zsuvta’minot», Uzbekistan’s national water monopoly and a state joint venture with Franklin Templeton, which serves as the primary vehicle for the Government’s USD 4.5 billion water infrastructure modernisation programme through 2035. He also serves as a Board Director for Solfay Group in Belgium, an investment and management group dedicated to fostering collaborations with entrepreneurs and scientists. 

Earlier, as Group Chief Financial Officer of X5 Retail Group N.V., Vitaliy architected the financial strategy that transformed a mid-sized chain into Eastern Europe’s largest food retailer through aggressive M&A, capital-market strategies and operational scaling. Across his career he has served as Chairman, NED and committee chair for numerous LSE- and MOEX-listed and private-equity-backed companies, and has acted as a trusted advisor to shareholders, founders and PE funds through high-stakes crises, complex restructurings and periods of hypergrowth. 

An IoD Chartered Director (CDir) and Visiting Professor in Finance, Strategy and Corporate Governance, Vitaliy’s contributions have been recognised with the “Best Independent Director” National Award (2019) and consistent inclusion among the Top 50 Independent Directors (2012–2020). He holds an MBA in International Business and Finance from the University of Chicago Booth School of Business, and is fluent in English, Ukrainian and Russian. 

Sectors Of Expertise
  • Board Governance & Leadership: 20+ years across public and private boards, having chaired multiple Audit & Risk Committees 
  • Corporate Finance & Capital Markets: 25+ years in M&A, private equity restructuring and IPOs 
  • Growth Strategy & Organisation: 20+ years scaling international businesses and leading turnarounds 
  • Retail, Industry & Telecommunications: 20+ years at C-suite and board levels 
Positions Held
  • Vice Chairman of the Supervisory Board, Chair of the Audit and Anti-Corruption & Ethics Committees, NED — JSC «O’zsuvta’minot» (Uzbekistan); overseeing a USD 4.5 billion national water infrastructure modernisation programme and transformation 
  • Board Director, Finance & Capital — Solfay Group (Belgium) 
  • Partner-in-Residence — SUR Holdings LLC (Bogota, Colombia); led shareholder oversight for a USD 1.0 billion debt restructuring and operational turnaround, transforming WOM Colombia into a sustainable, profitable mobile operator 
  • Partner & Chief Financial Officer — Chesterfield Fund (London, UK); directed financial strategy and value creation across an international technology investment portfolio 
  • Board Committee Chairman & NED — LSE-listed industry-leading companies including Kazakhstan Kagazy PLC (pulp & paper), Group LSR (housing development) and Cherkizovo Group (agriculture & meat processing); chaired Audit, Finance and Remuneration Committees 
  • Chairman, NED & committee chair — Rosinter Restaurants (MOEX-listed) and Kitchen Marya (PE-backed), among other Russian and CIS boards 
  • Chief Executive Officer & Vice-Chairman of the Board — Mosmart (Moscow); led a critical turnaround for a leading food hypermarket chain 
  • Group Chief Financial Officer — X5 Retail Group N.V. (LSE-listed); Management Board member and Chairman of the boards of X5 Development, X5 Express Retail and SPAR Middle Volga 
  • Manager, M&A & European Business Development; European Controller, Material Planning & Logistics — Ford Motor Company Inc. (UK / Germany) 
  • Senior Investment Banking Associate — Bankers Trust (London, UK) 
  • Management Consulting Associate — A.T. Kearney Inc. (New York, USA) 
Key Achievements
  • Business Transformation — executed a USD 1.0 billion debt restructuring, exiting Chapter 11 reorganisation within 7 months, and rapidly transformed a loss-making telecom into a sustainable, profitable business within 3 months of acquisition 
  • Market Leadership — transformed X5 Retail Group into Eastern Europe’s largest food retailer through aggressive M&A and operational scaling 
  • Turnaround Excellence — led multiple high-stakes turnarounds for PE-backed and public companies, consistently delivering radical performance improvements 
  • Governance Leadership — chaired Audit & Risk Committees for multiple LSE- and MOEX-listed companies; recognised as a leading authority on independent audit and corporate governance 
  • National Recognition — awarded “The Best Independent Director” National Award (2019); consistently ranked among the Top 50 Independent Directors (2012–2020); recognised as Best National Retail CFO by the National Management Association (2004–2008) 
  • IoD Chartered Director (CDir) — Institute of Directors (London, UK) 
  • MBA in International Business & Finance — University of Chicago Booth School of Business (USA) 
Experience