AS Baltika announces of the changes in the Management Board as Meelis Milder,
the CEO has announced his resignation from the position, which was approved by
the Supervisory Board on 26 June, 2019. On the same day Meelis Milder`s powers
of the Member of the Management Board ended also. Meelis Milder will continue as
an Advisor of the Supervisory Board of the company on the basis of one-year
contract, which was signed on June 26, 2019.
As a result of the changes, the Management Board of AS Baltika continues with
two members, Mae Hansen as a CEO, who will be responsible for the sales,
marketing and retail business processes and Maigi Pärnik-Pernik, who will be
responsible for product development and support functions.
Meelis Milder has been the CEO of AS Baltika since 1987. "We informed this year
the stock and the public about the new business and financing plan, which is one
of the most radical one in Baltika's history. The strong and courageous goals of
the coming years have given our employees, customers and partners the necessary
signal that Baltika is changing. I am pleased that this plan has also been
approved by the shareholders. I already said in the spring that my role in the
future could change and it is wise to make this change now when we have agreed
the responsibilities between the Management Board Members.", commented Meelis
Milder.
Jaakko Salmelin, Chairman of the Supervisory Board of AS Baltika: "On behalf of
the Supervisory Board, I thank Meelis Milder for his substantial efforts and
continued support. Meelis Milder has played a very important part in getting
Baltika's transformation started. His extensive knowledge and long experience in
the fashion industry is a great asset to have and I am very happy that we can
also rely on his advice and support going forward. "
Maigi Pärnik-Pernik
Member of the Management Board
maigi.parnik@baltikagroup.com
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