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

Unique data record identifier

8922

Submission date and time

01.07.2021 16:01:43

Content of announcement in Estonian

Title

Yordan Lumbev määratakse Arco Invest EOOD uueks juhatajaks

Message

Arco  Vara AS-i  juhatus valis  alates 1. juulist  2021. aastal Arco Invest EOOD
uueks  juhatajaks  Yordan  Lumbevi.  Endine  Arco  Invest  EOOD juhataja Kaloyan
Radosslavov  jätkab  Arco  Vara  grupi  Bulgaaria  arendusettevõtete  (Arco Vara
Bulgaria EOOD, Iztok Parkside EOOD, Arco Lozen EOOD, Arco Manastirski EOOD) juhi
ametikohal.

Yordan Lumbev liitus Arco Vara meeskonnaga 2011. aastal ning töötab ühtlasi Arco
Vara  Bulgaria  finantsjuhina.  Tema  ülesandeks  Arco  Invest  EOOD  juhina  on
suhtlemine pangaga ning  Madridi projekti tulutoova ettevõtmisena hoidmine.

Yordan  Lumbevil on bakalaurusekraad (BA)  rahanduses Portsmouth Ülikoolist ning
rahvusvahelise ärijuhtimist magistrikraadi (MBA, kiitusega) Cardiff Metropolitan
Ülikoolist Bulgaarias.

Uus juhataja ei oma Arco Vara AS-i aktsiaid.


Tiina Malm
Finantsjuht
Arco Vara AS
Tel: +372 614 4630
[email protected]

Content of announcement in English

Title

Yordan Lumbev is appointed the new manager of Arco Invest EOOD

Message

The  Management Board of  Arco Vara AS  elected Yordan Lumbev  as the new CEO of
Arco  Invest EOOD as of 1 of July  2021. Kaloyan Radosslavov, former CEO of Arco
Invest  EOOD, will  continue as  head of  Bulgarian development entities of Arco
Vara  Group (Arco Vara Bulgaria EOOD, Iztok Parkside EOOD, Arco Lozen EOOD, Arco
Manastirski EOOD).

Yordan  Lumbev joined the  Arco Vara team  in 2011 and also  works as the CFO of
Arco  Vara Bulgaria. His job as head of  Arco Invest EOOD is to communicate with
the bank and keep the Madrid project a profitable venture.

Yordan Lumbevil holds a Bachelor's degree (BA) in Finance from the University of
Portsmouth  and a Master's degree in International Business Administration (MBA,
with merit) from Cardiff Metropolitan University in Bulgaria.

The new manager does not own any shares of Arco Vara AS.


Tiina Malm
CFO
Arco Vara AS
Tel: +372 614 4630
[email protected]