The board of directors of Afarak Group Plc appointed on 8 May 2015, announced changes in the Company's management structure so that its current executive management team and board member Dr. Alistair Ruiters is appointed new Chief Executive Officer of the Company. The current CEO, Dr. Danko Koncar, will then focus on the operational matters of the Company as Business Development Director, reporting to the CEO. Dr. Ruiters will continue to serve as a board member of the Company.

Further, Mr. Michael Lillja, currently head of marketing and a board member, will take on the responsibilities of Marketing Director while continuing as a board member. The changes have been agreed to take immediate effect. Furthermore, the board has also reviewed the composition of the board committees.

The new committees are as Audit Committee: Barry Rourke, Chairman; Markku Kankaala; Ivan Jakovcic. The Nomination and Remuneration committee: Jelena Manojlovic, Chairman; Markku Kankaala; Ivan Jakovcic. The Committee for Health Safety and sustainable development: Alfredo Parodi, Chairman; Michael Lillja; Markku Kankaala.