Change in the Management Board of a group’s subs

Tallinn, Estonia, 2017-03-31 16:45 CEST (GLOBE NEWSWIRE) --  

On 31 March 2017, the Supervisory Board of AS Merko Infra, Estonian subsidiary, part of AS Merko Ehitus group, decided to appoint Mr. Leino Lootus as a new member of the Management Board for three years, from 31 March 2017 until 27 March 2020. The Supervisory Board of AS Merko Infra additionally decided to recall the former chairman of the Management Board Mr. Arno Elias and appoint Mr. Boris Tehnikov, former Management Board Member, as the new Chairman of the Management Board. The Management Board of AS Merko Infra will continue with three members: Mr. Boris Tehnikov (Chairman), Mr. Marek Hergauk and Mr. Leino Lootus.

Leino Lootus’s CVs is enclosed to the stock exchange release.

AS Merko Infra´s main activities include building external networks of water, sewerage and gas pipelines, installing sewerage pump rooms and constructing and renovating storm water systems. Additionally the company is engaged in designing, setting up and building medium- and high-voltage substations and electrical lines.

AS Merko Ehitus Eesti ( www.merko.ee ) is Estonian leading construction company, which offers construction services in general construction, civil engineering, road, electrical and residential construction.

Merit Kullasepp Communication and Marketing Manager AS Merko Ehitus Phone: +372 650 1250 E-mail:  merit.kullasepp@merko.ee

AS Merko Ehitus  ( group.merko.ee )  group consists of Estonia’s leading construction company AS Merko Ehitus Eesti, the Latvian-market-oriented SIA Merks, UAB Merko Statyba that is operating on the Lithuanian market, construction company Peritus Entreprenør AS in Norway and the real estate development business unit along with real estate holding companies. As at the end of 2016, the group employed 797 people and the company’s 2016 revenue was EUR 252 million.