Market announcement

AS BALTIKA

LEI code

48510000I3W254YEMG75

General information

Categories

Other corporate action

Unique data record identifier

7380

Submission date and time

27.06.2019 09:45:00

Content of announcement in Estonian

Title

Meelis Milder lahkub AS Baltika tegevjuhi ametikohalt

Message

AS  Baltika  teavitab  muudatusest  juhatuses  seoses  tegevjuhi  Meelis Milderi
tagasiastumise  sooviga, mille ettevõtte  nõukogu 2019. aasta 26. juuni otsusega
rahuldas.  Samal kuupäeval  lõppesid Meelis  Milderi juhatuse  liikme volitused.
Meelis   Milder   jätkab  26. juunil  2019 sõlmitud  üheaastase  lepingu  alusel
ettevõtte nõukogu nõunikuna.

Ümberkorralduste   tulemusena   jätkab   AS   Baltika  juhatus  kaheliikmelisena
koosseisus  Mae Hansen, kes vastutab  tegevjuhi positsioonis müügi, turunduse ja
jaeäri  puudutavate  protsesside  eest,  ning  Maigi Pärnik-Pernik, kes vastutab
tootearenduse ja tugifunktsioonide eest.

Meelis  Milder  on  töötanud  AS-i  Baltika  tegevjuhina  alates  1987. aastast.
"Teavitasime     tänavu     börsi    ja    avalikkust    uuest    tegevus-    ja
finantseerimisplaanist, mis on Baltika ajaloo üks radikaalsemaid samme. Jõulised
ja  julged  lähiaastate eesmärgid  on  andnud  meie  töötajatele, klientidele ja
partneritele  vajaliku signaali, et Baltika on muutumas. Mul on hea meel, et see
plaan  on saanud  heakskiidu ka  aktsionäridelt. Andsin  juba kevadel mõista, et
minu  roll tulevikus võiks muutuda  ning mõistlik on see  muutus viia ellu nüüd,
kus  oleme  juhatuse  liikmetega  edasised  vastutusvaldkonnad  kokku leppinud,"
kommenteeris Meelis Milder.

AS  Baltika nõukogu esimees Jaakko Salmelin  tänab nõukogu nimel Meelis Milderit
olulise  panuse  eest  Baltika  juhtimisse  ning  jätkuva  toetuse eest. "Meelis
Milderil  oli  võtmeroll  Baltika  strateegilise  pöörde  ellu  kutsumisel. Tema
laialdased  teadmised ning pikaajaline kogemus  moeäris on suure väärtusega ning
mul  on hea meel, et saame tema  nõuannetele ja toetusele tugineda ka edaspidi,"
ütles Jaakko Salmelin.


Maigi Pärnik-Pernik
Juhatuse liige
[email protected]

Content of announcement in English

Title

Meelis Milder will resign from the position of CEO of AS Baltika

Message

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
[email protected]