Today the Supervisory Council of AS Tallinna Vesi appointed Siiri Lahe as the new Chief Financial Officer and Member of the Management Board of the water company. The appointment will take effect from 1st of August. Since 1997 Siiri Lahe has been working in the Financial Department of AS Tallinna Vesi in a number of managerial positions; in recent years while working as the Financial Controller she has been responsible for the work of the departments of Management Accounting, Financial Accounting and Customer Billing. She has a higher education Degree in Economy from Tallinn University of Technology and a Master's Degree in Public Administration. Ian Plenderleith, the current Chief Financial Officer, has taken the decision to leave AS Tallinna Vesi at the end of August 2007 after almost three years in the role and he will return to a senior financial position in the head office of United Utilities. “I am really glad to see that we have the best successor for the position of the Chief Financial Officer from within the Company. Siiri is an excellent example of constant professional development and commitment. Siiri's appointment to this position will bring not only consistency for the Company, but also a thorough knowledge of the Company's financial and operational activities complemented by quality leadership skills, which serve as the prerequisite for achieving excellent results,“ said Roch Chéroux, Chairman of the Management Board of AS Tallinna Vesi. At the same time Chéroux wished all the best to Ian Plenderleith in his future activities and thanked him for his effort and excellent input. “Ian has made an outstanding contribution with his work for the results of our Company. On behalf of the Executive Team and all our colleagues, I thank Ian for all that he has done for the Company and wish him well in the future,” he added. Siiri Lahe does not hold shares of AS Tallinna Vesi nor does she belong to a governing body of a commercial company. AS Tallinna Vesi is the largest water utility in Estonia providing drinking water and wastewater disposal services to over 400 000 people in Tallinn and in several neighbouring municipalities of Tallinn. AS Tallinna Vesi shares are listed on the main list of the Tallinn Stock Exchange. More information: Reigo Marosov Head of Public Relations AS Tallinna Vesi Phone. +372 6262 209 Mob. +372 5690 5373 reigo.marosov@tvesi.ee