Latest news with #MarttiKrass
Yahoo
28-05-2025
- Business
- Yahoo
Changes in the management of Hepsor AS
The Supervisory Board of Hepsor AS has elected Martti Krass, the current Latvian Country Manager, as a new member of the Management Board of Hepsor AS (hereinafter Hepsor), who will take office on 1 August 2025 with a five-year mandate. The mandate of the current Chairman of the Management Board, Henri Laks, will expire on 1 August 2025, when he will become a member of the Supervisory Board of Hepsor, in accordance with the resolution of the General Meeting of Hepsor shareholders held on 21 May 2025. Martti Krass has been working at Hepsor since 2014 – first as an engineer and project manager, then as a Latvian Country Manager since 2017. Krass holds a Master's degree in civil engineering from TalTech. The new Chairman holds 1 288 Hepsor shares and a 20% stake in Hepsor's subsidiary Hepsor Latvia OÜ. "The foundations are in place for Hepsor's future development and growth – I am taking over a company that is well capitalised, ambitious and has great potential in its team," said Martti Krass. "Our future goal is clear, we will focus on increasing profitability through increased efficiency, stronger teamwork and a focus on client expectations. We will continue to build confidence in domestic markets." Andres Pärloja, Chairman of the Supervisory Board of Hepsor, expressed confidence that under the leadership of Martti Krass, the company will reach the next level of development: "Martti knows Hepsor inside out – he has been with us since the very first development projects and has played an important role in the company's growth. He is a strategic leader who is able to maintain focus on what is important and who is able to lead the team to results," said the Chairman. "Today, the company has a strong foundation, which was created under the leadership of the previous Chairman Henri Laks. We are grateful to Henri for what he has done and are pleased that his contribution to the long-term development of Hepsor will continue on the Supervisory Board." Hepsor will continue its planned activities in its home markets in Estonia and Latvia, focusing on sustainable development projects and improving the quality of living environment. Work also continues on the company's investments in Canada. Hepsor AS ( is a developer of residential and commercial real estate. The Group operates in Estonia, Latvia and Canada. In fourteen years of operation, we have created 2 076 homes and nearly 36 300 m2 of commercial space. Hepsor is the first developer in the Baltic States to implement a number of innovative engineering solutions that will make the buildings it builds more energy efficient and thus more environmentally friendly. The company has a portfolio of 25 development projects with a total area of 172 800 in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
26-04-2025
- Business
- Yahoo
Changes planned in the Management Board and the Supervisory Board of Hepsor
A proposal is made to the General Meeting of Shareholders of Hepsor AS (hereinafter 'Hepsor') that the current Chairman of the Management Board, Henri Laks, would join the Supervisory Board of the company. The new candidate for the Member of the Management Board is the current Latvian Country Manager, Martti Krass. Henri Laks is one of the founders of Hepsor AS and has been the Member of the Management Board of various companies in the Hepsor Group since 2011. Laks has been active in the field of real estate development since 2004. Over the past 14 years, Hepsor has grown into one of the largest companies in the field of real estate development in Estonia and Latvia, and in 2023, it expanded to the Canadian market. Under the management of Laks, Hepsor was listed on the stock exchange in 2021 and became a part of the Baltic Main List of the Nasdaq Tallinn Stock Exchange. On 25 April 2025, he notified the Supervisory Board of Hepsor of his request to resign from the position of the Member of the Management Board. The Supervisory Board responded to the notification of Laks with a proposal to continue working as the Chairman of the Supervisory Board from 1 August and to add the relevant item to the agenda of the Annual General Meeting of Shareholders to be held on 21 May 2025. According to the initial proposal of the Supervisory Board, the new candidate for the position of the Member of the Management Board of the company is Martti Krass, who has worked in Hepsor since 2014 as the Project Manager and later as the Latvian Country Manager. 'Every organisation needs a fresh view and change from time to time. Nearly 15 years has been a long enough time to be the driving force of Hepsor. For me, it is time to hand on the torch for the next development cycle of Hepsor to my dear colleague who knows our company through and through, and has good knowledge of the field,' Laks said. Laks added: 'I believe that now is the best time for change, as the last five years have been a turbulent and crisis-ridden time in the economy, including in the real estate sector, which is now showing signs of calming down, and the real estate market, on the other hand, offers new growth opportunities.' Lauri Meidla, who has so far been the Member of the Supervisory Board, has expressed his wish to leave the Supervisory Board, which is why the relevant item will also be added to the agenda of the Annual General Meeting. Andres Pärloja and Kristjan Mitt will continue as the Members of the Supervisory Board. 'My wish is to continue working on a strategic level so that I can contribute to the long-term development of Hepsor and support the company where my experience is most valuable,' Laks confirmed. 'Under Henri's long-term and dedicated leadership, Hepsor has gone through a remarkable path of development and grown into a strong and innovation-oriented company. We are glad that we can also build on his experience and knowledge at the level of the Supervisory Board. We are grateful for what has been done and wish continued enthusiasm to contribute to the future of Hepsor together,' the Member of the Supervisory Board, Andres Pärloja, commented. The planned changes will take effect in accordance with the resolution of the Supervisory Board and the General Meeting of Shareholders. Henri Laks Member of the Management Board Phone: +372 5693 9114 e-mail: henri@ Hepsor AS ( is a developer of residential and commercial real estate. The Group operates in Estonia, Latvia and Canada. During our thirteen years of operation, we have created 2,076 homes and nearly 36,300 m2 of commercial space. As the first developer in the Baltic countries, Hepsor has implemented several innovative engineering and technical solutions that make the buildings built by the company more energy-efficient and thus more environmentally friendly. The company's portfolio includes a total of 24 development projects with a total area of 172,500 in to access your portfolio
