Tallinn, Estonia, 2014-04-02 15:30 CEST (GLOBE NEWSWIRE) --
The Supervisory Board of AS Merko Infra decided to appoint Boris Tehnikov as additional member of the Management Board and to elect the current member, Arno Elias, as the Chairman of the Management Board of AS Merko Infra as of 2 April 2014. The Management Board of AS Merko Infra will continue with three members: Arno Elias (The Chairman), Tarmo Pohlak and Boris Tehnikov. AS Merko Infra, founded in 2009, focuses on infrastructure construction, including electrical construction and external networks.
AS Merko Ehitus board decided to recall a member of the Supervisory Board of UAB Merko Statyba Jaan Mäe and appoint Signe Kukin as the new member of the Supervisory Board as of 2 April 2014. The Supervisory Board will continue with three members: Andres Trink (The Chairman), Tõnu Toomik and Signe Kukin.
OÜ Merko Investments, part of AS Merko Ehitus group, which has 100% holding in SIA Merks, board decided to recall a member of the Supervisory Board of SIA Merks Jaan Mäe and appoint Signe Kukin as the new member of the Supervisory Board as of 2 April 2014. The Supervisory Board will continue with three members: Andres Trink (The Chairman), Tõnu Toomik and Signe Kukin.
The changes in the management of significant subsidiaries are part of the activity plan of making changes in the structure of the group companies for the purpose of more effective management and saving on administrative costs. As part of the activity plan, there have been changes in the previous year and the activity plan will continue to be implemented during the year.
AS Merko Ehitus (www.merko.ee) comprises the leading Estonian construction company AS Merko Ehitus Eesti, the Latvian market based SIA Merks and the Lithuanian market based UAB Merko Statyba as well as the group’s real estate development business unit together with companies holding real estate properties. As at the end of 2013, the group employed 860 people and the 2013 revenue amounted to EUR 262.7 million.
Andres Trink
Chairman of Management Board
AS Merko Ehitus
+372 680 5400
andres.trink@merko.ee
