Eco Baltia shareholders re-elect the Supervisory Board and appoint a new Supervisory Board member
The shareholders' meeting of Eco Baltia AS (JSC), the largest environmental resource management and waste recycling group in the Baltics, was held on 3 April. During the meeting, the current Eco Baltia Supervisory Board was re-elected and it was also decided to increase the number of members of the existing Supervisory Board from five to six. Algimantas Markauskas, the former CEO of Thermo Fisher Scientific Baltics, one of the most valuable companies in the Baltics, was elected as a new member of the Supervisory Board. The changes are aimed at strengthening the Eco Baltia Group's governance and further development in the international market.
"I am honoured to continue my professional career in a group of companies focused on the circular economy, which has been able to successfully captured a significant share of the international market in a relatively short period of time. The global market is now open to growth-oriented companies. I see Eco Baltia as one of them. I am grateful to all my partners and colleagues who have been involved in influential business development projects in global companies. And now I am ready to contribute my expertise to the growth of the Eco Baltia Group," says Algimantas Markauskas, newly elected member of the Supervisory Board of Eco Baltia.
Algimantas Markauskas has worked for more than 14 years in leading positions at Thermo Fisher Scientific, a global leader in scientific services. During his tenure, Mr Markauskas successfully developed the company's subsidiary (UAB Thermo Fisher Scientific Baltics) in Vilnius, which was recognised as the most valuable company in the Baltics in 2022. In the future, Mr Markauskas will be responsible for the development and implementation of the Eco Baltia Group's future development strategy, thus contributing to the company's operational excellence in the international market.
Following the re-election of the Supervisory Board at the Shareholders Meeting, Vytautas Plunksnis has been re-elected as Chairman and Deimante Korsakaite as Deputy Chairperson, representing INVL Baltic Sea Growth Fund. The Supervisory Board will also include Alberto Atienza Güell from the European Bank for Reconstruction and Development (EBRD), Jurgita Petrauskienė, an independent industry expert, and Gints Pucēns, who represents the interests of minority shareholders.
“Eco Baltia has rapidly expanded its international operations in recent years. Through acquisitions in Poland, the Czech Republic, Lithuania and Latvia, the Group's range of services, market shares and contribution to the circular economy have been significantly expanded. In order to contribute to this growth, we have strengthened the composition of the Supervisory Board by adding top-level experts from various sectors. I am grateful to shareholders for the confidence they have shown in the Supervisory Board elections. We are also honoured that Algimantas Markauskas, a long-standing CEO of one of the most valuable companies in the Baltics, has joined the Supervisory Board and will bring his experience and vision to strengthen the Eco Baltia Group in its future development," says V. Plunksnis, Chairman of the Supervisory Board of Eco Baltia AS.
In addition to the re-election of Eco Baltia's Supervisory Board and the appointment of a new Supervisory Board member at the Shareholders' Meeting, changes have also been made to the company's Articles of Association in line with the amendments to the Commercial Law.
About Eco Baltia:
Eco Baltia is the largest environmental resource management and waste recycling group in the Baltics by turnover, providing the full waste management cycle from waste collection and sorting to recycled materials logistics, wholesale and recycling.
According to the current unaudited financial figures of the company, Eco Baltia AS will reach its highest ever consolidated turnover of EUR 218.5 million in 2023. Compared to 2022, turnover has increased by 4%. The increase was mainly driven by the solid and convincing performance in the environmental management sector, the acquisition of new businesses and expansion in the international market, as well as the process automation and streamlining measures implemented.
The group employs more than 2.500 people in Latvia, Lithuania, Poland and the Czech Republic. Its leading companies are PET Baltija, Eco Baltia vide, Latvijas zaļais punkts, Nordic Plast, JUMIS, TESIL Fibres in Czech Republic, UAB Ecoservice in Lithuania, and Metal Plast in Poland.
Eco Baltia's shareholders are the private equity fund INVL Baltic Sea Growth Fund (52.81% through its subsidiary UAB BSGF Salvus), the European Bank for Reconstruction and Development (30.51%) and Māris Simanovičs (16.68%).
Additional information:
Alise Zvaigzne
Public Relations Project Manager
Eco Baltia
Phone +371 28780467
alise.zvaigzne@ecobaltia.lv
www.ecobaltia.lv
|
