Changes in AS Harju Elekter subsidiary’s management board

Supervisory Board of AS Harju Elekter Teletehnika decided on its meeting held on 27 October 2017 to appoint Alvar Sass the Chairman of the Management Board of the company as of 13 November 2017. Alvar Sass as a new member of the Management Board and CEO of AS Harju Elekter Teletehnika will be responsible for general administration of the company. Starting from 13 November 2017 the Management Board of AS Harju Elekter Teletehnika will continue with two members – Andre Koit and Alvar Sass.

Since 2006 Alvar Sass has been working for the metal processing company Radius Machining OÜ, from 2012 as CEO. Participation in the management bodies of business organisations: Radius Space OÜ, member of the Management Board; Vientitec OÜ, member of the Management Board. Alvar Sass owns 6,903 of Harju Elekter shares.

After launching its activities in 1968, Harju Elekter Group has developed into a leading producer of MV/LV electrical and engineering devices in the Baltic countries and a well-known and respected manufacturer in Scandinavia. Harju Elekter’s main field of business is the development, manufacturing and sale of equipment necessary for the distribution and transmission of electric energy. The main business is supported by a sheet metal plant in Estonia and the development and leasing of industrial real estate. Harju Elekter Group’s plants in Estonia, Finland and Lithuania employ more than 600 specialists, and 9 months sales revenue of the Group was 74 million euros. Shares of Harju Elekter are listed on Nasdaq Tallinn.

Andres Allikmäe
Chairman of the Board/CEO
+372 674 7400

 

Prepared by:
Moonika Vetevool
Corporate communication and investor relations manager
+372 671 2761