AS Tallinna Vesi shareholder Tallinn City Government has decided to recall
council member Elmar Sepp and appoint Ardo Ojasalu as a new member of the
Supervisory Council of AS Tallinna Vesi. Elmar Sepp will be recalled on April
30th and Ardo Ojasalu will be appointed on May 1st.
Ardo Ojasalu is chairman of the board of IMG Konsultant AS, Supervisory Council
member of OÜ IMG Numeri and chairman of the Supervisory Council of AS Eesti
Loto. He has previously held the post of chairman of the Supervisory Council at
Eesti Raudtee, Elektriraudtee and Ringhäälingu Saatekeskus, he has also worked
for Optiva Bank and Hoiupank. He has graduated from Tallinn Technical
University in Computers and Computer Networks. Ardo Ojasalu does not own any
shares of AS Tallinna Vesi.
According to the articles of association of AS Tallinna Vesi, United Utilities
(Tallinn) B.V. as a majority shareholder in AS Tallinna Vesi (35,3%) has the
right to appoint 2 supervisory council members of AS Tallinna Vesi and the City
of Tallinn as the other majority shareholder (34,7%) also has the right to
appoint two supervisory council members. UU also has the right to present two
supervisory council member candidates and the City of Tallinn has the right to
present one supervisory council member candidate to be elected by the annual
general meeting of AS Tallinna Vesi shareholders, which also elects the two
independent supervisory council members.
As of May 1st the members of AS Tallinna Vesi Supervisory Council will be
Robert John Gallienne (UU), Leslie Anthony Bell (UU), Matti Hyyrynen (EBRD),
Andrew James Prescott (UU), Rein Ratas (Tallinn City), Ardo Ojasalu (Tallinn
City), Deniss Boroditš (Tallinn City), Mart Mägi (independent) and Valdur Laid
(independent).
Priit Koff
Head of Communications
AS Tallinna Vesi
Tel +372 62 62 209
priit.koff@tvesi.ee
