Hepsor AS Appoints Martti Krass to Management Board
Hepsor AS, a prominent name in residential and commercial real estate development, has recently made significant changes to its management structure. The Supervisory Board has elected Martti Krass, the former Latvian Country Manager, as a new member of the Management Board. Krass will officially begin his role in August 2025, bringing with him years of experience and a commitment to the company's sustainable vision.
Martti Krass: A Proven Leader
With a professional history at Hepsor dating back to 2014, Krass has garnered a wealth of expertise in various roles, including engineer, project manager, and most recently, Latvian Country Manager. His academic credentials include a Master's degree in civil engineering from TalTech, equipping him with the technical prowess needed for the real estate industry.
Vision for the Future
As Martti Krass steps into this leadership role, he expresses enthusiasm about Hepsor’s positioning for future growth. He emphasizes the firm foundation set by previous leadership, stating, "We have a well-capitalized and ambitious team with substantial potential." He is determined to enhance profitability through improved efficiency, teamwork, and a keen focus on client expectations. With a clear vision, Krass aims to build on Hepsor's established reputation.
Leadership Transition and Company Growth
Henri Laks, the current Chairman of the Management Board, is set to transition to the Supervisory Board when his term expires. Under his guidance, Hepsor has experienced substantial growth and operational success. Andres Pärloja, the Chairman of the Supervisory Board, has voiced confidence in Krass, highlighting his deep familiarity with the company and its projects. Pärloja noted, "Martti's understanding of Hepsor's journey and his strategic leadership will be vital in driving us forward. We owe great thanks to Henri for his leadership, and we look forward to his continued contributions from the Supervisory Board."
Continued Commitment to Sustainable Development
As Hepsor moves forward, the focus remains on sustainable development within Estonia and Latvia. The company aims to enhance the quality of living environments through innovative construction methods and energy-efficient designs. This dedication is evident in the ongoing projects that prioritize sustainability and community improvement.
Investments Beyond Borders
Hepsor is not only concentrated on its home markets but is also expanding its reach to Canada. This international growth signifies a strategic move to establish a stronger presence and diversify its portfolio. With 25 active development projects and a total area of 172,800 square meters, Hepsor is poised for significant expansion.
A Track Record of Innovation
Having built 2,076 homes and nearly 36,300 square meters of commercial space over fourteen years, Hepsor is renowned for its innovative engineering solutions, making it the first developer in the Baltic region to embrace energy-efficient construction practices. This commitment to environmental responsibility not only benefits the company but also enhances the communities in which it operates.
Looking Ahead
Hepsor AS is clearly on a mission. With the leadership changes and a renewed focus on profitability and sustainability, the company is preparing to face the future with strategic intent. As Martti Krass takes the reins, the organization looks forward to reaffirming its commitment to high-quality real estate development in Estonia, Latvia, and beyond.
Frequently Asked Questions
Who is the new member of the Management Board at Hepsor AS?
The new member of the Management Board is Martti Krass, who previously served as the Latvian Country Manager.
When will Martti Krass officially start his role?
Martti Krass is set to begin his role on August 1, 2025.
What are the main goals under Martti Krass's leadership?
The primary goals include increasing profitability, improving efficiency, strengthening teamwork, and focusing on client expectations.
What is Henri Laks's new role after leaving the Management Board?
Henri Laks will transition to a position on the Supervisory Board after his term ends.
What is Hepsor's commitment to sustainability?
Hepsor is dedicated to sustainable development, focusing on innovative and energy-efficient construction practices in its projects.
