Market announcement
Arco Vara AS
LEI code
097900BHCB0000066171
Size of the entity
Small group
Economic activities
Professional, Scientific and Technical Activities
Country of registered office
Estonia
General information
Categories
Other corporate action
Does the information contain personal data?
Yes
Is the data provided voluntary or not?
No
Original language of the information to be provided
Estonian
Is information covering a period?
No
The date to which the information relates
12.11.2026
Version
1
Unique data record identifier
19221
Submission date and time
12.11.2026 16:00:00
Content of announcement in Estonian
Title
Arco Vara AS finantsjuhi muudatus
Message
Arco Vara AS-i uueks finantsjuhiks sai 12. novembril 2026 Märt Meerits. Senine finantsjuht Darja Bolšakova lahkub ettevõttest detsembris 2026. Kuni lahkumiseni tagab Bolšakova finantsjuhtimise sujuva üleandmise.
Ettevõte keskendub 8. oktoobril 2026 Arco Vara AS-i juhatajaks asunud Kert Keskpaiga eestvedamisel kapitalikasutuse tõhustamisele ning arendusprojektide tasuvuse seadmisele ettevõtte tegevuse keskmesse.
Kert Keskpaik, Arco Vara AS-i juhataja: „Arco Vara järgmise etapi keskmes on arendusprojektide tasuvus ja kapitali tulemuslik kasutamine ning finantsjuhi roll on selles keskne. Märdil on pikaajaline kogemus finantsjuhtimises, kapitali kaasamises ja börsiettevõtte juhtimises. Ta on Volta kvartali näitel vahetult kogenud, mida tähendab endise tööstusala ümberarendamise finantseerimine. Just see kogemus toetab Lutheri kvartali arenduse järgmiste etappide rahastamist.“
„Tänan Darjat hea koostöö eest. Tema eestvedamisel on automatiseeritud finantsprotsesse ning edukalt läbi viidud 15 miljoni euro suurune võlakirjaemissioon. Hindan kõrgelt tema professionaalsust ja panust Arco Vara arengusse ning soovin talle edu edaspidistes ettevõtmistes,“ lisas Keskpaik.
Märt Meeritsal on ligi 30-aastane kogemus finantsjuhtimises, investeeringute valdkonnas ja ettevõtete juhtimises. Viimati töötas ta rahvusvahelise ettevõtete grupi Cryotech Nordic finantsjuhina. 2025. aastal oli ta Endoveri tähtajaline finantsjuht. Sel perioodil käivitas Endover oma ajaloo suurima võlakirjaprogrammi Volta SKAI arenduse finantseerimiseks. Aastatel 2019–2025 oli Meerits Exmet Groupi kontserni finantsjuht. Aastatel 2018–2019 töötas ta Endoveri projektijuhina ning aastatel 2015–2018 tegeles Crowdestate’is kinnisvaraprojektide kapitali kaasamisega. Aastatel 2010–2015 oli Meerits Nasdaqi Tallinna ja Varssavi börsil noteeritud AS-i Silvano Fashion Group juhatuse liige. Varem on ta töötanud Trilliance Capital AG tegevjuhi (CEO) ja investeeringute juhina (Head of Investments), LFS Asset Managementi investeeringute juhtimise juhina ning olnud SEB Varahaldus AS-i juhatuse liige ja SEB erapanganduse juht. Meerits on lõpetanud Estonian Business Schooli rahvusvahelise ärijuhtimise erialal ning omandanud Stockholmi Majanduskõrgkoolis Riias Executive MBA kraadi.
Märt Meerits ei oma Arco Vara AS-i aktsiat.
Finantsjuhi vahetus ei too kaasa muudatusi Arco Vara AS-i juhatuse ega nõukogu koosseisus. Märt Meerits nimetatakse kõigi Arco Vara AS-i Eesti tütarettevõtete juhatuse liikmeks.
Kert Keskpaik
Tegevjuht
Arco Vara AS
[email protected]
Content of announcement in English
Title
Change of Chief Financial Officer at Arco Vara AS
Message
Märt Meerits was appointed Chief Financial Officer of Arco Vara AS on 12 November 2026. The current Chief Financial Officer, Darja Boshakova, will leave the company in December 2026. Until her departure, Bolshakova will ensure a smooth handover of financial management responsibilities.
Under the leadership of Kert Keskpaik, who took office as CEO of Arco Vara AS on 8 October 2026, the company is focusing on improving capital efficiency and placing the profitability of development projects at the core of its operations.
Kert Keskpaik, CEO of Arco Vara AS, commented: “The next phase of Arco Vara’s development will focus on the profitability of development projects and the efficient use of capital, with the CFO playing a central role in achieving these objectives. Märt has extensive experience in financial management, raising capital and managing a listed company. Through his involvement in the Volta Quarter development, he has gained first-hand experience in financing the redevelopment of a former industrial site. This experience will be particularly valuable in financing the next stages of the Luther Quarter development.”
“I would like to thank Darja for her excellent cooperation. Under her leadership, financial processes have been automated and a EUR 15 million bond issue was successfully completed. I highly value her professionalism and contribution to Arco Vara’s development and wish her every success in her future endeavours,” Keskpaik added.
Märt Meerits has nearly 30 years of experience in financial management, investment and corporate leadership. Most recently, he served as Chief Financial Officer of the international corporate group Cryotech Nordic. In 2025, he held a fixed-term position as Chief Financial Officer of Endover. During this period, Endover launched the largest bond programme in its history to finance the Volta SKAI development. From 2019 to 2025, Meerits served as Chief Financial Officer of Exmet Group. From 2018 to 2019, he worked as a Project Manager at Endover, and from 2015 to 2018, he was involved in raising capital for real estate projects at Crowdestate. From 2010 to 2015, Meerits was a Member of the Management Board of AS Silvano Fashion Group, a company listed on the Nasdaq Tallinn and Warsaw stock exchanges. Previously, he served as Chief Executive Officer (CEO) and Head of Investments at Trilliance Capital AG, Head of Investment Management at LFS Asset Management, Member of the Management Board of SEB Varahaldus AS, and Head of Private Banking at SEB. Meerits graduated from Estonian Business School with a degree in International Business Administration and holds an Executive MBA from the Stockholm School of Economics in Riga.
Märt Meerits does not own any shares in Arco Vara AS.
The change of Chief Financial Officer will not result in any changes to the composition of the Management Board or Supervisory Board of Arco Vara AS. Märt Meerits will become a Member of the Management Board of all Estonian subsidiaries of Arco Vara AS.
Kert Keskpaik
CEO
Arco Vara AS
[email protected]