Leadership Updates at TKM Grupp AS
The Supervisory Boards of the subsidiaries of TKM Grupp AS, which include Selver AS, TKM Kinnisvara AS, and TKM Kinnisvara Tartu OÜ, have made key decisions regarding the Management Board's authority.
Prolongation of Management Board Members
Recent resolutions have seen the extension of authority for several important figures within the Management Board:
Kristi Simonsen's Continued Leadership
Under the resolution from the Supervisory Board of AS Selver, Kristi Simonsen (formerly known as Lomp) will remain a member of the Management Board, with her authority extended for an additional three years, set to conclude on 4 December 2025.
Peeter Kütt's Ongoing Role
From the Supervisory Board of TKM Kinnisvara AS, Peeter Kütt's term has also been extended for another three years, valid until 12 January 2026. This continuation signifies the trust the board places in his capabilities to drive the company's vision forward.
Management Role at Tartu
Moreover, Peeter Kütt also holds a similar position at TKM Kinnisvara Tartu OÜ, where his authority has been prolonged for another three years, achieving an effective date of 8 December 2025.
Functions of the Subsidiaries
Selver AS specializes in operating a robust super and hypermarket chain, focusing primarily on food and convenience goods. Catering to the diverse shopping needs, Selver ensures a comprehensive range of products.
On another front, TKM Kinnisvara AS is dedicated to the development, management, maintenance, and leasing of commercial premises owned by TKM Grupp AS. This vital role supports the infrastructure necessary for successful business operations.
Additionally, TKM Kinnisvara Tartu OÜ manages and leases the premises of the well-known Tartu Department Store, contributing to the local economy by providing commercial opportunities.
Audit Committee Resolutions
The Supervisory Board of TKM Grupp AS has also reaffirmed the roles of its Audit Committee members. The committee members, Kaia Salumets (chairman), Jüri Käo, Gunnar Kraft, and Kristo Anton, will continue their work with another three-year term extended as of 26 January 2026. This committee is crucial in advising the Supervisory Board on relevant supervision matters.
Corporate Contact Information
For more insights or inquiries related to the recent updates at TKM Grupp AS, please contact:
Raul Puusepp
Chairman of the Board
Phone: +372 731 5000
Email: info@tkmgrupp.ee
Frequently Asked Questions
What are the recent updates regarding TKM Grupp AS?
Recent updates include the prolongation of Management Board and Audit Committee members' terms.
Who is Kristi Simonsen?
Kristi Simonsen is a member of the Management Board at Selver AS with her term extended until 2025.
What is the role of the Audit Committee?
The Audit Committee advises the Supervisory Board on supervision-related matters.
How long are the terms for the Management Board members?
The terms for Management Board members have been extended for three years.
What does TKM Kinnisvara AS do?
TKM Kinnisvara AS focuses on the development, management, maintenance, and leasing of commercial premises.
