Composition of the Management Board of Nordecon AS to change10. april 2012
With a view to enhancing the management structure of the Nordecon group and regulating the management of the core business, the Chairman of the Supervisory Board of Nordecon AS will propose, at the regular meeting of the Supervisory Board to be held on 30 April 2012, to change the composition of the Management Board of Nordecon AS. The proposed change is connected with the aggregation of the management duties of the current two members of the Management Board to just one. Pursuant to the proposed resolution of the Chairman of the Supervisory Board, Member of the Management Board Marko Raudsik, who to date has managed the buildings segment, will be recalled from the board. As of 1 May 2012, Member of the Management Board Erkki Suurorg, who to date has managed the facilities segment, will be responsible for the core business of the Nordecon group. The Chairman of the Supervisory Board will not propose any further changes to the composition and areas of responsibility of the Management Board. Member of the Management Board Avo Ambur will carry on in the sales and construction preparation segment, Chairman of the Management Board Jaano Vink will be responsible for the general management of the group.
The sales revenue of Nordecon AS amounted to €27.1 million in the 1st quarter of 2013, which is 20% more than in the same period the year before. The Group’s gross profit in the 1st quarter was €593,000, increasing by more than half a million euros compared to the quarter a year ago.
Today, Nordecon AS delivered the completed commercial and residential building at the address Rotermanni 10 in the Tallinn City Centre to Rotermanni City OÜ, a company engaged in developing the Rotermanni Quarter. The construction of the commercial building with guest apartments lasted 12 months.
The management board of Nordecon AS (registry code 10099962, address Pärnu mnt 158/1, 11317 Tallinn) summons an annual general meeting of shareholders, which shall be held on 24 May 2013 at 10.00 a.m. in the conference centre of Radisson Blu Hotel Olümpia, room Beta (Liivalaia 33, 10118 Tallinn).
Nordecon enter into a contract with AS Paide Vesi for reconstruction of the water treatment plant in Paide. The total value of the work with the reserve of the contracting entity is 6.74 million euros exclusive of VAT.