During the September 13th shareholders and supervisory board meeting of UPP & CO Kauno 53 OÜ (the Company), it was decided to change the board of directors and supervisory board of the Company and its subsidiary Promalita UAB.
Marko Tali, former member of the supervisory board of the Company was appointed as a new member of board for the Company and Promalita UAB. Present board members of the Company Hallar Loogma and Kevin Soon are called back from the board. Hallar Loogma is also called back from the board of Promalita UAB. Hallar Loogma will continue as a member of the supervisory board of the Company.
Marko Tali has served as an investment manager for the direct investment portfolio of United Partners. The changes are related to optimizing the governance of United Partners’ investments.
The named changes in corporate governance bodies will be executed between 17th – 28th of September 2018.