Changes in the management of Merko Ehitus group and its subsidiary
23 November 2023 - 3:00PM
Changes in the management of Merko Ehitus group and its subsidiary
The Supervisory Board of AS Merko Ehitus decided
to appoint current Chairman of the Management Board of group’s
subsidiary AS Merko Ehitus Eesti Mr. Ivo Volkov as the Chairman of
the Management Board of AS Merko Ehitus for the three-year period,
starting from 1 January 2024. As of 1 January 2024, the Management
Board of AS Merko Ehitus will continue with three members: Mr. Ivo
Volkov (Chairman), Mr. Tõnu Toomik and Mr. Urmas Somelar.
The term of office of Mr. Andres Trink, who has
been working as the Chairman of the Management Board of AS Merko
Ehitus group since 1 January 2012, ends on 31 December 2023. Due to
moving to Berlin for family reasons, Mr. Andres Trink will not
extend his contract as a Member of the Board. Mr. Toomas Annus,
Chairman of the Supervisory Board of AS Merko Ehitus will propose
to the next upcoming general meeting of shareholders to appoint Mr.
Andres Trink as a Member of the Supervisory Board of AS Merko
Ehitus.
„Andres Trink led the company for 12 years, and
during this time, Merko's market position has strengthened, and its
value has increased, we have received the targeted return on
equity. At the time Andres joined Merko, the company was among the
ten strongest construction companies in the Baltics, today we can
boldly say that we are among the top three among both, construction
companies and residential developers. Last year, the number of
apartments handed over to homebuyers reached almost a magical
thousand, current cooled-off apartment market is
counterbalanced by our strong secured order-book of construction
contracts. By Andres’s joining the Supervisory Board, his
experience and knowledge will not get lost for the company. On
behalf of the shareholders, I believe that Merko will do just as
well with the new Chairman of the Management Board,” said Mr.
Toomas Annus, Chairman of the Supervisory Board of AS Merko
Ehitus.
Mr. Andres Trink's term as a Member of the
Supervisory Board of AS Merko Ehitus Eesti will also end on 31
December 2023. AS Merko Ehitus decided to appoint Mr. Ivo Volkov as
a Member of the Supervisory Board of AS Merko Ehitus Eesti for the
three-year period, starting from 1 January 2024. With the same
decision, the powers of the current council member Tõnu Toomik were
extended until December 31, 2026. The Supervisory Board of AS Merko
Ehitus Eesti will continue with four members: Mr. Ivo Volkov
(Chairman), Mr. Tõnu Toomik, Mr. Martin Rebane and Mr. Urmas
Somelar. As of 1 January 2024, the Management Board of AS Merko
Ehitus Eesti will continue with two members: Mr. Jaan Mäe
(Chairman) and Mr. Veljo Viitmann.
Andres TrinkChairman of the Management BoardAS Merko
EhitusPhone: +372 650 1250E-mail: andres.trink@merko.ee
AS Merko Ehitus (group.merko.ee) group
companies develop real estate and construct buildings and
infrastructure. We create a better living environment and build the
future. We operate in Estonia, Latvia, Lithuania and Norway. As at
the end of 2022, the group employed 661 people, and the group’s
revenue for 2022 was EUR 410 million.
- CV - Ivo Volkov ENG
- CV - Jaan Mäe ENG
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