CEDC Board of Directors appoints Ryan Lee as CFO

Central European Distribution Corporation

announced today that it had appointed Mr. Ryan Lee as Chief Financial Officer (CFO). Mr. Lee, who had served as CFO of Russian Alcohol Group, a CEDC subsidiary, since April 2012, brings over 23 years of financial management experience in both retail and tobacco. He has worked for 13 years in Russia, five years in Switzerland, and two years in each of the UK and the Netherlands. From November 2008 to March 2012, Mr. Lee worked for Eldorado as Vice President Finance, leading the successful turnaround of one of Russia's largest electronic retailers. From 1999-2008, Mr. Lee worked for Japan Tobacco International, Geneva as Vice President Finance, Business Service Centres & Integration, among other senior roles, including as CFO, Vice President Finance and Financial Controller for Russia.  From 1989-1999, Mr. Lee held accounting, finance and commercial positions at Unilever PLC and its group subsidiaries.