Tallinn, Estonia, 2015-01-27 08:00 CET (GLOBE NEWSWIRE) --
On 21.01.2015, the members of the Management Board of AS PRFoods Katre Kõvask (the Chairman of the Management Board) and Erik Haavamäe submitted the Supervisory Board of AS PRFoods their letters of resignation. Both members of the Management Board will resign on 01.02.2015.
The resignation of the members of the Management Board of AS PRFoods was agreed in the course of the transaction of the sale and transfer of the Baltic and Russian ice cream and frozen goods operations of the group finalised in the end of 2014 (additional information on the transaction is available at https://newsclient.omxgroup.com/cdsPublic/viewDisclosure.action?disclosureId=626802&messageId=777825) The former members of Management Board of AS PRFoods Katre Kõvask, Erik Haavamäe and Silver Kaur continue as the members of the management bodies of the entities sold and transferred (Premia’s ice cream and frozen goods business in the Baltic states).
In connection with the resignation of the current members of the Management Board, the Chairman of the Supervisory Board of AS PRFoods Indrek Kasela will resign from the Supervisory Board in order to take over the day to day management of the company as the new Chairman of the Management Board. He has submitted the respective letter of resignation addressed to the General Meeting of shareholders of AS PRFoods to the Management Board of AS PRFoods on 23.01.2015. The date of his resignation is 31.01.2015. Indrek Kasela will assume the position of the Chairman of the Management Board and Lauri Kustaa Äimä the position of the Chairman of the Supervisory Board as from 02.02.2015.
In connection with the changes in the management bodies of the parent company of the group AS PRFoods, Katre Kõvask and Erik Haavamäe will be recalled from the management bodies of the subsidiaries of the group. Both Katre Kõvask and Erik Haavamäe serve as the members of the Supervisory Boards of Saaremere Kala AS and Vettel OÜ. All the members of the Supervisory Board of Saaremere Kala AS will be recalled (including Silver Kaur) and the Supervisory Board will consist of three members: Indrek Kasela, Lauri Kustaa Äimä and Kuldar Leis. The Supervisory Board of Vettel OÜ will continue in the composition of three members as well, comprising of Indrek Kasela (continuing in its current position as the member of Supervisory Board); and Lauri Kustaa Äimä and Margus Rebane substituting Katre Kõvask and Erik Haavamäe.
In addition to the changes in the Estonian subsidiaries of the group, Katre Kõvask and Erik Haavamäe will also be recalled from the Management Board of the Finnish subsidiary of the group Heimon Kala Oy. As from 02.02.2015, the Management Board of Heimon Kala Oy will consist of two members, including Indrek Kasela and Margus Rebane.
Additional information:
Indrek Kasela
PRFoods
Chairman of Supervisory Board
T: +372 506 4642
indrek.kasela@ambertrust.ee
www.prfoods.ee
Katre Kõvask
PRFoods
Chairman of Management Board
T: +372 6 033 800
katre.kovask@premia.ee
www.prfoods.ee