OREANDA-NEWS. April 10, 2012.  With a view to enhancing the management structure of the Nordecon group and regulating the management of the core business, the Chairman of the Supervisory Board of Nordecon AS will propose, at the regular meeting of the Supervisory Board to be held on 30 April 2012, to change the composition of the Management Board of Nordecon AS. The proposed change is connected with the aggregation of the management duties of the current two members of the Management Board to just one.

Pursuant to the proposed resolution of the Chairman of the Supervisory Board, Member of the Management Board Marko Raudsik, who to date has managed the buildings segment, will be recalled from the board. As of 1 May 2012, Member of the Management Board Erkki Suurorg, who to date has managed the facilities segment, will be responsible for the core business of the Nordecon group.

The Chairman of the Supervisory Board will not propose any further changes to the composition and areas of responsibility of the Management Board. Member of the Management Board Avo Ambur will carry on in the sales and construction preparation segment, Chairman of the Management Board Jaano Vink will be responsible for the general management of the group.