Gert Tiivas (pictured), CEO of East Capital Explorer since its launch in 2007, is to leave his current position to take up a new role within the East Capital Group. In his new position Tiivas will be responsible for developing East Capital’s Private Equity investment business in the Baltic countries.
Tiivas says: "I would like to thank the Board, and the shareholders, for the opportunity to work at East Capital Explorer during these exciting years. The Baltic States are now firmly back on a recovery path, with many interesting companies seeking capital for the new growth cycle, and I am looking forward to developing this business area for East Capital."
Paul Bergqvist, Chairman of the East Capital Explorer Board, says: "I would like to thank Gert for his service to East Capital Explorer and continued support as the Board carries out its search for a new CEO. I wish Gert all the best in his new position."
The Board has initiated its search for a successor. Tiivas will continue his work with the company while the Board seeks to appoint a new CEO.