The contract between the parties and the head of Baltika has been terminated
22 June 2022 - 3:30PM
The contract between the parties and the head of Baltika has been
terminated
By mutual agreement, the Supervisory Board of
Baltika recalled Flavio Perini from his position as Chairman of the
Management Board on June 21. Additionally, the Supervisory Board of
Baltika elected Kristjan Kotkas as the new Chairman of the
Supervisory Board.
According to Kristjan Kotkas, Chairman of
Baltika's Supervisory Board and a representative of KJK Fund
SICAV-SIF, a major shareholder, the change in management signifies
the conclusion of a phase for the company. "We are extremely
appreciative of Flavio's efforts. He was a charismatic leader with
a clear vision who led Baltika successfully in reversing the
company's business and reorganizing the company" added Kotkas.
Brigitta Kippak, the company's current COO and
member of the Management Board, is the new CEO of Baltika. Baltika
will continue to implement its strategy, cultivate the Ivo Nikkolo
brand, and bolster its e-channel for entering new markets.
with respect
Contact:
Kristjan Kotkas
Chairman of Supervisory Board
kkotkas@kjkcapital.com
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