AS Kalev has founded a new subsidiary, 100% owned by AS Kalev. The new company will assume the functions of the media undertakings in the AS Kalev Group. The new company, AS Kalev Meedia, is AS Kalev's subsidiary for media operations and will unite management and development of Kalev's publishing activities. AS Kalev Meedia will acquire Ärielu, Sporditäht, Just, Basket and Muumi, all of which are titles published by AS Inreko Press and OÜ Olliwood. Media products to be acquired or developed in the future are also planned to be transferred to the subsidiary. Information on the new subsidiary: AS Kalev Meedia Owner: 100% AS Kalev Share capital: 400,000 kroons divided into 40,000 shares. The nominal value of each share is thus 10 kroons. Main field of activity: media, publishing periodicals AS Kalev Meedia management bodies: Members of the supervisory board: Alar Pink - AS Kalev marketing director since 2001. Pink is a member of the management board of AS Kalev Chocolate Factory, AS Kalev Jõhvi Tootmine and AS Vilma. Andres Rannamäe - Director of strategy and organizational development at AS Kalev since August 2004. Before taking his post with AS Kalev, Rannamäe served as a member of the management board of the Estonian Health Insurance Fund. He also served as member of the supervisory board of AS Kalev Chocolate Factory, AS Kalev Jõhvi Tootmine and AS Vilma. Allan Viirma - Head of the AS Kalev legal service, employed by AS Kalev since 2000. Viirma is a member of the supervisory board of AS Kalev Paide Tootmine. CEO: Oliver Kruuda - CEO of AS Kalev since 2000. The entry into the Commercial Register regarding AS Kalev Meedia was made on 17 May 2007. Allan Viirma Head of the legal service 6 077 831
AS Kalev founds subsidiary
| Source: Luterma