Board changes at Pärnu Riverside Development OÜ
Pärnu Riverside Development OÜ, a subsidiary of Nordic Fibreboard AS, has refreshed its leadership. The company has appointed Alo Nõmmik as a new member of the board, a step that signals a new phase for the subsidiary and supports the broader direction of its parent company.
About Alo Nõmmik
Alo Nõmmik brings a track record that fits the moment. He joined the Trigon Capital group in May 2024 as the Head of Real Estate Development, and he now steps onto the Pärnu Riverside Development OÜ board with that experience in hand.
Previously, he served as CEO of Kaamos Ehitus OÜ, overseeing significant construction projects and day?to?day execution. He also worked as the construction and real estate director at AS Restor, adding depth across planning, delivery, and portfolio oversight.
He holds a degree in construction engineering from Tallinn University of Technology (TalTech). Since starting his career in 1993, Alo has worked in real estate development and construction, both locally and internationally. That breadth is directly relevant as Pärnu Riverside Development OÜ sharpens its strategy for the next stage of growth and innovation.
Management changes in detail
Alongside Nõmmik’s appointment, Nordic Fibreboard AS has recalled Enel Äkke from the board. His term is set to conclude at the end of September 2024, clearing the way for leadership approaches that reflect the company’s current goals and focus.
About Pärnu Riverside Development OÜ
Pärnu Riverside Development OÜ is a subsidiary of Nordic Fibreboard AS and operates in real estate ownership and management. Based at Suur-Jõe 48 in Pärnu, the company concentrates on strengthening its portfolio and developing properties that meet the evolving needs of the local community and market.
Contact
Questions about these management changes or related matters can be directed to Enel Äkke, Member of the Management Board, at group@nordicfibreboard.com.
Frequently Asked Questions
What’s changing at Pärnu Riverside Development OÜ?
The company has appointed Alo Nõmmik to its board and recalled Enel Äkke. These steps align leadership with the current priorities of Nordic Fibreboard AS.
Who is Alo Nõmmik?
He’s the newly appointed board member at Pärnu Riverside Development OÜ. He joined the Trigon Capital group in May 2024 as Head of Real Estate Development and previously held senior roles at Kaamos Ehitus OÜ and AS Restor.
What does Pärnu Riverside Development OÜ do?
It manages and owns real estate. The subsidiary focuses on its portfolio and property development in Pärnu, contributing to local market activity.
When does Enel Äkke’s term end, and what follows?
His term concludes at the end of September 2024. He will no longer serve on the board effective September 30, 2024, as the company transitions to the updated leadership setup.
How could these changes affect Nordic Fibreboard AS?
The refreshed board is intended to support growth and innovation at the subsidiary level, which, in turn, can strengthen the overall operations of Nordic Fibreboard AS.