Extension of the powers of the Chairman of the Management Board of group’s subsidiary entity and appointment of a new Chairman of the Management Board (AS Merko Ehitus Eesti)
The Supervisory Board of AS Merko Ehitus Eesti, part of AS Merko Ehitus group, decided to extend the powers of the Chairman of the Management Board, Mr. Keit Paal, until 31 December 2019, and to appoint Mr. Ivo Volkov as the new Chairman of the Management Board starting from 1 January 2020.
The powers of Mr. Ivo Volkov as the Chairman of AS Merko Ehitus Management Board are in place from 1 January 2020 until 31 December 2022. Mr. Jaan Mäe, Mr. Alar Lagus and Mr. Veljo Viitmann remain as members of the Management Board of AS Merko Ehitus Eesti.
Currently, Mr. Ivo Volkov is employed by PKC Group Plc as Vice President of Operations, Europe and South America. In addition, he is a member of PKC Eesti AS Management Board. Previously he has been Regional Director, South America, in PKC Group Plc, the Chairman of the Management Board of PKC Eesti AS and Chairman of the Management Board of Cargotec Estonia AS as well as held different positions in Elcoteq group.
The CV of Mr. Ivo Volkov is attached to this stock exchange release.
Chairman of the Management Board
AS Merko Ehitus
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 operating on the Lithuanian market, and the Norwegian construction company Peritus Entreprenør AS. Besides provision of construction service as a main contractor, the group’s other major area of activity is apartment development. As at the end of 2018, the group employed 764 people, and the group’s revenue for 2018 was EUR 418 million.