AS Pro Kapital Grupp (Pro Kapital) announced that at the end of April 2022 the terms of office of Paolo Michelozzi, Member of the Management Board and Supervisory Board of the Group's subsidiaries, and Olga Rudzika, Member of the Management Board of Pro Kapital Latvia, will end. Andrus Laurits, who has previously worked in the group for a long time, will take over as the managing director of AS Pro Kapital Eesti and member of the management board in subsidiaries. Mr. Laurits will also be responsible for trans-Baltic executive management and will serve on the boards of subsidiaries Estonia and Germany. Martinš Kusinš, the company's technical project manager, will join the board in Pro Kapital Latvia group companies. After the implementation of the changes, the management boards of the subsidiaries belonging to the AS Pro Kapital Grupp group will proceed as follows: AS Pro Kapital Eesti: Edoardo Axel Preatoni and Andrus Laurits; AS Tondi Kvartal; Edoardo Axel Preatoni and Andrus Laurits; OÜ Marsi Elu: Edoardo Axel Preatoni and Andrus Laurits; OÜ Dunte Arendus: Edoardo Axel Preatoni and Andrus Laurits;
OÜ Kalaranna Kvartal: Edoardo Axel Preatoni and Andrus Laurits; PK Germany Holding OÜ: Edoardo Axel Preatoni and Andrus Laurits; OÜ Ilmarise Kvartal: Andrus Laurits; OÜ Pro Halduse: Kati Rõuk; Pro Kapital Latvia JSC: Edoardo Axel Preatoni and Martinš Kusinš;Kliversala SIA: Edoardo Axel Preatoni and Martinš Kusinš; Tallina Nekustamie Ipašumi SIA: Edoardo Axel Preatoni and Martinš Kusinš; Nekustamo ipašumu sabiedriba Zvaigznes centrs SIA: Edoardo Axel Preatoni and Martinš Kusinš; Pro Kapital Vilnius Real Estate UAB: Edoardo Axel Preatoni and Neringa Rasimaviciene; PK Invest UAB: Edoardo Axel Preatoni and Neringa Rasimaviciene; In Vitam UAB: no board; Pro Kapital Germany GmbH: Edoardo Axel Preatoni; PK Hotel Management Services GmbH: Edoardo Axel Preatoni and Andrus Laurits. There will be changes also in the Supervisory Council of AS Tondi Kvartal, where Paolo Michelozzi will be substituted by Petri Olkinuora (the Supervisory Council Member of AS Pro Kapital Grupp) and in the Supervisory Council of Pro Kapital Latvija JSC, where Edoardo Axel Preatoni will be substituted by Andrus Laurits.