Skano Group Changes board/management/auditors 26.04.2016

Changes in the Management Board of Skano Group AS

Pärnu, 2016-04-26 08:28 CEST (GLOBE NEWSWIRE) --

Changes in the Management Board of Skano Group AS and its subsidiaries and
decisions of the Supervisory Board of Skano Group AS

Skano Group AS informs that the Supervisory Board convened on April 25, 2016
and decided the following:

1. Changes to the Management of Skano Group AS (including all the Group's

Effective April 25, 2016, board member Gregory Devine Grace is appointed to the
position of Chairman of the Board. Former Chairman Martin Kalle will continue
as a board member of Skano Group AS (including the group's commercial
subsidiaries) until May 25, 2016, in order to ensure a smooth transfer of

Gregory Devine Grace has been a member of the board of Skano Group AS since
June 2014, responsible for sales and strategy for the organization. As Chairman
of the Board Gregory Devine Grace will take over the daily management of Skano
Group AS.

2. Martin Kalle’s agreement on Skano Group AS share options

In connection with the departure, the share option agreement with Martin Kalle
ends and the departing member loses the right to use the share options.

3. Skano Group Ltd. Chief Financial Officer

Mare Eltermann has been appointed as the Chief Financial Officer for Skano
Group AS. Mare Eltermann has long-term work experience as A/S Trigon Agri
group and Trigon Capital group financial controller.

Ülo Adamson
Chairman of the Supervisory Board
Phone +372 513 94 24
E-mail This email address is being protected from spambots. You need JavaScript enabled to view it.