Market announcement

AS BALTIKA

LEI code

48510000I3W254YEMG75

General information

Categories

Other corporate action

Unique data record identifier

7858

Submission date and time

12.03.2020 16:15:00

Content of announcement in Estonian

Title

Muudatused AS Baltika juhatuses

Message

AS Baltika juhatuse liikme Mae Leyreriga sõlmitud 14-kuine leping lõpeb 22. mail
2020. Juhatuse liikme Maigi Pärnik-Perniku leping lõpeb märtsis 2020 ja 11.
märtsi nõukogu otsusega pikendatakse seda 22. maini 2020. Lepingute lõppemiseni
jätkavad nii Leyrer kui ka Pärnik-Pernik ettevõtte juhatuse liikmetena
aktiivselt ettevõtte restruktureerimisplaani elluviimist andes samal ajal järk-
järguliselt juhtimist üle uuele juhatusele. Mae Leyrer vastutab müügi, turunduse
ja jaeäri puudutavate protsesside eest ning Maigi Pärnik-Pernik tootearenduse ja
tugifunktsioonide eest.

11. märtsi  nõukogu  otsuse  alusel  on  alates 1. aprillist 2020 AS Baltika uus
tegevjuht   ja  juhatuse  esimees  Flavio  Perini.  Perinil  on  üle  22-aastane
rahvusvahelise  moeäri kogemus, mille  jooksul on ta  töötanud selliste kuulsate
brändidega nagu Levi`s, Prenatali, Max Mara ja OKAIDI. Ta on juhtinud ettevõtete
restruktureerimise,  muudatuste juhtimise ja  rahvusvahelise laienemise projekte
nii   Ida-Euroopas,  Lähis-Idas,  Aasias  kui  ka  Lõuna-Ameerikas.  Perinil  on
kõrgharidus õigusteaduses (Università degli Studi di Parma).

Viimase  kolme aasta  jooksul on  Flavio Perini  töötanud peadirektorina Itaalia
juhtivas  lasterõivaste ettevõttes  Original Marines  ja Globaalse Frantsiisi ja
Hulgimüügi  Direktorina  Poola  jaekaubandusettevõttes  SMYK  GROUP,  mis kuulub
Bridgepoint Capital LTD erakapitali portfelli.

Flavio  Perini ei kuulu ühegi muu ettevõtte  juhatusse ega nõukogusse ega oma AS
Baltika aktsiaid.

Flavio  Perini  eestvedamisel  ja  koostöös  tänase juhatusega komplekteeritakse
lähikuudel uus AS Baltika juhatus.


Maigi Pärnik-Pernik
Juhatuse liige
[email protected] (mailto:[email protected])

Content of announcement in English

Title

Changes in AS Baltika Management Board

Message

Mae Leyrer`s, Member of the Management Board of AS Baltika 14-months contract
expires on 22 May 2020. The contract of Maigi Pärnik-Pernik, Member of the
Management Board, expires in March 2020 and will be extended by 22 May 2020
according to the decision made on 11 March by Supervisory Board. Until the end
of the contracts, both Leyrer and Pärnik-Pernik, as members of the management
board, will continue to actively implement company's restructuring plan, while
gradually transferring management to the new Management Board. Mae Leyrer is
responsible for sales, marketing and retail operations, and Maigi Pärnik-Pernik
for product development and support functions.

According  to the  decision of  the Supervisory  Board held  in 11 March, Flavio
Perini  will be the new CEO and Chairman of Management Board of AS Baltika since
1 April  2020. Perin has more  than 22 years of  experience in the international
fashion  business where he has worked  with famous brands like Levi`s, Prenatal,
Max  Mara and OKAID. He has  led companies` restructuring, change management and
international  expansion projects in Eastern Europe, Middle East, Asia and South
America. Perini holds a law degree (Università degli Studi di Parma).

For  the  past  three  years,  Flavio  Perini  has  served as General Manager at
Original  Marines, an Italian leading children's clothing company, and as Global
Franchise  and Wholesale Director at SMYK GROUP, a Polish retail company part of
the private equity portfolio of Bridgepoint Capital LTD.

Flavio  Perini is not a  member of the Management  Board or Supervisory Board of
any other company and does not own any shares of AS Baltika.

Under  the leadership of Flavio Perin and in cooperation with today's Management
Board, a new Management Board of AS Baltika will be formed in the coming months.


Maigi Pärnik-Pernik
Member of the Management Board
[email protected] (mailto:[email protected])