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Supervisory board

Chairman of Supervisory board

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+372 614 4630

In company since 1993

Mr. Luitsalu has graduated from the University of Tartu with a decree in law in 1994. In 1993, Mr. Luitsalu joined Arco Vara AS and has been active in the management of different companies in Arco Vara Group since then. During the years 1999 - 2004 he Luitsalu was the member of the Management Board of Arco Vara AS. Mr Luitsalu has also served as member of Supervisory Board of Arco Vara AS since 2005.
Mr. Luitsalu serves as member of Management Board of OÜ HM Investeeringud, OÜ P457, Loodusvarade Halduse Mittetulundusühing, OÜ TIK Spordimaja, and as a member of the Supervisory Board of Arco Investeeringute AS and AS Kolde.
Mr. Luitsalu owns via his holding company OÜ HM Investeeringud a 5,403% (as at 7 July 2016) shareholding in Arco Vara AS. He resides in Tallinn.

 

Member of Supervisory board

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+372 6144630

In company since 2013

Mr. Niinepuu has graduated Estonian Center of Maritime Education in 1992 as shipmaster. After two years’ work at Estonian Shipping Company, he established in 1994 his first company AS Kavass, that initially was involved in shipping consumables business and thereafter acquired and operated a local supermarkets set in Tallinn. Currently its main activities are providing management services and investing.
Mr. Niinepuu has served as Member of Supervisory Board of Arco Vara AS since 2013. He is also member of Management Board of Alarmo Kapital OÜ, Intelligent Robots OÜ and OÜ Kavass and Chairman of Supervisory Board of AS IuteCredit Europe.
Mr. Niinepuu owns via Alarmo Kapital OÜ a 7,9% shareholding in Arco Vara AS (as at 19 January 2015). He resides in Tallinn.

Member of Supervisory Board

+372 614 4630

In company since 2015

Mr. Gorelik has graduated Carnegie Mellon University and Columbia University. He joined Firebird Private Equity Advisors LLC in 2005 and currently serves there as Portfolio Manager. Mr. Gorelik also holds CFA (Chartered Financial Analyst) charter.
Mr. Gorelik is member of Supervisory Board of Farmsintez OAO (LIFE.MM).
Mr. Gorelik owns personally 3150 shares of Arco Vara AS (as at 19 January 2015). He resides in New York.

Member of Supervisory Board

+372 614 4630

In company since 2015

Mr. Keskpaik has graduated Tallinn Technical University in 2007 with a degree in business management. Mr. Keskpaik has been a practicing real estate broker in Tallinn until 2010.

Mr. Keskpaik is the founder and member of Management Board of OÜ K Vara. His company has been an active Tallinn Stock Exchange investor since 2000. Mr. Keskpaik also founded in 2001 a skating sports club Spordiklubi Albe Team where he serves as member of Management Board, and has won multiple Estonian Championships in speed skating and inline skating.

Mr. Keskpaik is also member of Management Board of Uisuklubi Albe ja Sporditurg OÜ and member of Supervisory Board of Arco Transport AS.

Mr. Keskpaik owns via OÜ K Vara and personally a 3,3% shareholding in the Arco Vara AS (as of 25 May 2016, according to Estonian CSD). He resides in Tallinn.

Member of Supervisory board

+372 614 4630

In company since 2012

Mr Lõhmus graduated in 1988 from Tallinn Technical University with a degree in business administration. He has extensive work experience in various financial institutions, including Bank of Estonia and AS Hansapank. He is the founder and the biggest shareholder of AS LHV Group and Member of Supervisory Board of AS LHV Pank.
Mr. Lõhmus is also member of Management Board of AS LHV Group, AS LH Capital, AS Lõhmus Holdings, OÜ Merona Systems, OÜ Umblu Records and Zerospotnrg OÜ. He serves as member of Supervisory Board of AS LHV Finance, AS Audentes, AS Arhiivikeskus, Baltic Digital Archive AS and Kodumajagupi AS.
Mr. Lõhmus owns via his holding company AS Lõhmus Holdings a 9,6% shareholding in the Company (as at 19 January 2015). He resides in Switzerland.