Leadership Changes at Admiral Markets AS Drive Future Growth

Significant Management Changes at Admiral Markets AS

Admiral Markets AS has recently experienced a notable change within its Management Board, with the departure of Sergei Bogatenkov, who was a pivotal figure in the company's growth strategy. His last working day was scheduled for early September. This decision comes after his formal resignation submitted to Admirals Group AS at the start of the year, marking a new chapter for the company.

Strategic Vision and Achievements Under Sergei Bogatenkov

Sergei Bogatenkov has articulated his desire to pursue new professional endeavors, having successfully implemented a strategic vision that propelled Admiral Markets to remarkable business achievements. In 2022, under his stewardship, Admirals Group reached unprecedented results, solidifying its status as a global leader in the financial services arena. Furthermore, at the end of 2023, the company was recognized as Estonia's most competitive financial services provider, a testament to the effective strategies laid out during Bogatenkov’s tenure.

Continuing the Legacy of Leadership

Moving forward, Admiral Markets intends to build upon the strong foundation established by Sergei. The focus remains steadfast on increasing productivity and fostering growth within the company. This transition period is seen as an opportunity to enhance the direction and offerings of Admiral Markets, reflecting the commitment to excellence that has been a hallmark under past leadership.

New Management Board Composition

Effective from September 10, 2024, Admiral Markets AS will be led by a newly configured Management Board, featuring Eduard Kelvet as chairman alongside Andrey Koks. This new leadership setup aims to bring innovative perspectives and strategies to ensure continued business success and market competitiveness.

Commitment to Future Success

The board is eager to carry forward the legacy of hard work and dedication that has characterized Admiral Markets. The leadership transition is expected to usher in fresh ideas and initiatives that will align with the company's goals of providing top-tier financial services and expanding its market share in a competitive landscape.

Contact Information for Further Inquiries

For additional queries or insights regarding these changes at Admiral Markets AS, interested parties can reach out to Alexander Tsikhilov, Chairman of the Supervisory Board, by email at alexander.tsikhilov@admirals.com or by phone at +372 6309 300. Further information on the organization can also be found at https://www.admirals.group/.

Frequently Asked Questions

What prompted the management change at Admiral Markets AS?

The change was initiated after Sergei Bogatenkov submitted his resignation, seeking new professional opportunities after implementing his strategic vision for the company.

Who will lead Admiral Markets AS after the changes?

Eduard Kelvet is appointed as the chairman, joined by Andrey Koks in the newly formed Management Board from September 10, 2024.

What significant achievements did Sergei Bogatenkov accomplish?

Under his leadership, Admiral Markets reached record business results and was declared Estonia's most competitive financial services company at the end of 2023.

What is the focus of the new leadership at Admiral Markets AS?

The new management is committed to enhancing productivity and growth while continuing the legacy of strategic excellence established by the previous leadership.

Who should be contacted for more information on these changes?

Inquiries can be directed to Alexander Tsikhilov, the Chairman of the Supervisory Board, via email at alexander.tsikhilov@admirals.com.

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