Market announcement
AS TALLINNA SADAM
Category
Other price sensitive information
Date
26.09.2008 09:55:52
Title
The supervisory board of Port of Tallinn extended the service contracts of the members of the management board of the company
Message
On it's 9 September 2008 meeting the Supervisory Board of Port of Tallinn decided to extend the service contracts of Ain Kaljurand and Allan Kiil, the members of the management board of the public limited company, for the following three years. The former service contracts of Ain Kaljurand and Allan Kiil will end in the end of October. According to Neinar Seli, the chairman of the Supervisory Board of Port of Tallinn, the work of the management of the company can be considered satisfactory and many important projects are unfinished, which sustainability is presently best carried by the present members of the management board. “Despite complicated times in Estonian transit Port of Tallinn has considering the situation been able to survive. The net profit of the first half year of the company was even higher than that of the previous year at the same time,” stated Seli. Also, according to Seli it is important to continue the started work at vigorous development of Muuga Harbour and Paldiski South Harbour and cooperation between Port of Tallinn with Chinese Ningbo Port could continue. In June this year the Supervisory Board of Port of Tallinn approved the main directions of the company until 2015, which main objectives include ensuring sustainable growth in the changed economic environment. Neinar Seli Chairman of the Supervisory Board Port of Tallinn Ph: 6 318 002