The Supervisory Council of JSC “Preses nams” Elects New Chairman and a New Management Board

JSC Preses nams new Supervisory Council today elected its Chairpersons as well
as appointed a new Management Board of the company. Raivis Veckagans,
Vice-president of JSC Latvijas kuģniecība, was elected as Chairman of the
Council, Armands Puče - as Deputy Chairman. Leadership of the Management Board
was entrusted to Igors Stepanovs, who is a specialist in the area of paper
production and printing with nearly 15 years of international experience. 

The new JSC Preses nams Supervisory Council, which was elected last Friday,
decided to expand the company's Management Board, and the new Management Board
Chairman Stepanovs will be joined by Management Board members Ilga Kurāte,
Mihails Burešs, Dace Mihņenoka and Raivis Skuja, who was also a member of the
previous JSC Preses nams Management Board. Solvita Masule and Anatolijs Mahlovs
have left the Management Board. 

The new Management Board Chairman of JSC Preses nams, Igors Stepanovs, has
extensive experience in paper production and printing, and since 1995 he has
held senior positions at companies in Canada, Finland and Russia. For instance,
Stepanovs was finance director for the Tetra Laval Group - a paper manufacturer
- in Russia and Finland, finance director for International Paper, and
operations director for Papier International du Canada in the Canadian province
of Quebec. He also served as deputy director for strategy at the Mekran wood
processing company in Russia. 

Stepanovs has also served as an advisor in Canada for the Canadian and Eurasian
Russian Business Association. He holds a degree in mathematics and economics
from the University of Latvia and an MBA from the IMD International University
in Lausanne, Switzerland. 

“We will work hard in future years to strengthen JSC Preses nams as the quality
leader in the European Union and CIS in various areas of the printing industry.
I see substantial growth opportunities in book printing, where the company's
advantages are based on a unique and recently opened production line, but also
in the field of newspapers, magazines, and other types of print materials,”
says Stepanovs. 

JSC Preses nams is the largest printing concern in the Baltic States and the
leader in the sector in that region. In the summer of 2008, JSC Preses nams
opened its new book printing facility in the village of Silakrogs in the Riga
District. Total investments in the facility amounted to LVL 13.5 million, which
makes the company one of the 300 largest enterprises in this area in the world.
Each month JSC Preses nams prints some 150 different magazines and 70 different
newspapers. It also prints hundreds of millions of labels a year. The largest
shareholder of JSC Preses nams is LASCO Investment, a daughter company of JSC
Latvijas kuģniecība, which owns 95.4% of the share capital. 

More detailed information:
Marita Ozolina-Tumanovska
Head of PR Department
Phone: +371 67020120, 29287169
E-mail : marita.ozolina@lscgroup.lv