Changes in the Management Board of PTA Grupp AS
PTA Grupp AS STOCK EXCHANGE RELEASE
06.06.2007
PTA Grupp AS (hereinafter: the Company) hereby notifies that the Supervisory
Board of the Company decided on 06.06.2007 to elect new members to the
Management Board of the Company. In addition to that, the Supervisory Board
decided to elect Mr. Indrek Rahumaa as the Chairman of the Supervisory Board.
Changes in the Management Board are part of the restructuring plan of the
group. As already disclosed previously, the strategy of the group foresees
centralised management of the group's main processes, which will be carried out
at the level of holding company listed on Tallinn Stock Exchange. Grouping the
strategical management functions to the level of holding company listed on
stock exchange warrants a better transparency and higher effectiveness of
management structure.
The new members of the Management Board of the Company are as follows:
Dmitry Ditchkovski. Mr. Ditchkovski was born in 1970, and is currently the
chairman of the Management Board of SP ZAO Milavitsa. Mr. Ditchkovski serves as
the President of the Company in combined management structure of the Group
described in Annex 1 to this stock exchange release. Before joining the
management team of SP ZAO Milavitsa, Mr. Ditchkovski was the President of the
Institute for Privatisation and Management (Belarus). Mr. Ditchkovski holds a
MBA degree in Economics from the University of New Brunswick, Canada (2000) and
a Ph.D degree in Economics from the Academy of Sciences of Belarus.
Dmitry Podolinski. Mr. Podolinski was born in 1972, and is currently the single
member of the Management Board of ZAO Linret. In the combined management
structure of the Group, Mr. Podolinski serves as a member of the Management
Board of the Company and his main areas of responsibility will be the
development of lingerie concepts of Milavitsa and Lauma Lingerie, as well as
the organisation of retail sales. Previous responsibilities of Mr. Podolinski
involve acting as the Head of Sales and Marketing in SP ZAO Milavitsa and as
the General Manager of Belorussian-French joint venture Merlintour Travel
Agency. Mr. Podolinski holds an EMBA diploma from the Leo Kozimski Academy of
Entrepreneurship (Poland).
Sergei Kusonski. Mr. Kusonski was born in 1967, and is the Chief Executive
Officer of the Group. He supervises the business units dealing with production
and logistics, IT-related, human resources and legal issues. Previously, Mr.
Kusonski has served as a Marketing Director of Xerox Poland. Currently, Mr.
Kusonski is acting as the First Deputy General Director of SP ZAO Milavitsa
responsible for Marketing, Sales, Product Development, Purchasing and
Logistics. Mr. Kusonski graduated from the Belorussian State University of
National Economics in 1991 and holds an MBA degree from Warwick Business
School, UK (2000).
Dace Markevica. Ms. Markevica was born in 1966, and is currently a member of
Management Board of AS Silvano Fashion Group. Ms. Markevica is the Chief
Financial Officer of the Group and a member of the Management Board of the
Company, being responsible for finance issues, i.e. corporate accounting,
investor relations and finance planning. During the previous five years, Ms.
Markevica has been working in the finance area for the following companies:
Rigas Finieru Rupnica SIA, Max Shon SIA and Schenker SIA. In 2004, Ms.
Markevica graduated from the Riga Technical University and was awarded an LL.B
degree in Economics. Ms. Markevica also holds a diploma in Engineering of
Sewing Industry from the Riga Technical University (awarded in 1989).
Peeter Larin. Mr. Larin was born in 1971. Mr. Larin has been acting as a member
of the Management Board of the Company as of 20 December 2005 and has been the
Chairman of the Management Board as of 7 March 2006. Mr. Larin joined the
Company in 2004 as a marketing director. Mr. Larin has extensive experience in
the apparel industry, having worked as a product manager and brand manager in
AS Baltika (an Estonian listed company specialised in design and production of
clothing) during the period between 1993 and 2004. In addition to his
engagement with the Company, Mr. Larin is also appointed Management Board
member of OÜ GC Fashion and serves as a Council member of AS Klementi, UAB PTA
Prekyba and TOV PTA Ukraina. Mr. Larin graduated from the Tallinn University of
Technology (Diploma in Business Administration 1994; MSc degree in Business
Administration 2003).
Remigiusz Pilat. Mr. Pilat was born in 1958. From 1998 to 2000, he worked as a
Managing Director of Linea Intima publishing house publishing a leading
industry magazine, responsible for the development of the Linea Intema Network
in Easter Europe and Russia. From 2000 to 2006, Mr. Pilat was engaged as the
Managing Director of R&K Media Press Sp. z o.o., a company responsible for the
organisation of lingerie fairs and strategic consultancy in the field of
lingerie in Poland. Mr. Pilat is also the president of the Polish Chamber of
Commerce Retail Lingerie & Hosiery. His other experience includes serving as a
director of Auhan, an international retail group, responsible for Eastern
Europe. From 2006, he is employed as the Managing Director of Splendo Polska
Sp. z o.o. Mr. Pilat holds a joint Masters degree in Economics from the Ecole
de Commerce Paris, St. Galen and SGPiS (Szkoła Główna Planowania i Statystyki,
a leading Polish business school) in Poland (1983) and a 2nd degree doctorate
in Finance from the University of Paris (1984).
The authorities of all members of the Management Board are valid until 6 June
2010.
Mr. Peeter Larin owns 50,000 shares of the Company (50,000 votes). Other
members of the Management Board do not own any shares in the Company.
The composition of the new Management Board is illustrated in Annex 1 to this
stock exchange release.
Peeter Larin
PTA Grupp AS
Chairman of the Management Board
Tel +372 6 710 700
