The supervisory board meeting of AS LHV Group held on November 23, 2016, the current CEO Erkki Raasuke announced he will resign from the position. The supervisory board plans to grant his resignation on December 5, 2016 and at the same time elect Madis Toomsalu as the new CEO of the company. Mr. Madis Toomsalu has worked in the company since 2007. He is currently the head of credits at LHV Bank and also chairman of the bank’s Credit Committee.