Linas Agro Group
Notification on material event
Changes in management of Latvian poultry farming companies owned by AB Linas Agro Group
Panevezys, Lithuania, 2015-08-27 09:00 CEST --
In September, Andrius Pranckevičius will become the chairman of the board of poultry companies AS Putnu Fabrika Ķekava and SIA Lielzeltiņi. Changes to the management of the companies are a result of decision of the current chairman of the companies Andris Vilcmeiers to accept new professional challenges in another company. Continuing the targeted growth, both poultry companies will proceed to work actively on the product portfolio expansion with new and innovative products and new export markets in the Baltic States, the Scandinavian countries and Western Europe, offering the highest quality production.
Andrius Pranckevičius has graduated several business management programs in Harvard Business School, is member of the board of AB Linas Agro Group and works in the company for more than 15 years.
“Putnu Fabrika Ķekava and Lielzeltiņi have strengthened their positions not only in Latvia but also in the Baltics over the last years. We will continue to invest in business growth, focusing on new and competitive product development and foreign markets. In the upcoming years we plan to invest several tens of millions of euros in the development of the companies,” says Andrius Pranckevičius.
A. Pranckevičius will enter the position of chairman of the board in SIA Lielzeltiņi as from September 7 and in AS Putnu Fabrika Ķekava - after the general meeting of shareholders of the company takes place.
This summer AB Linas Agro Group started reforms in Latvian poultry farms in order to increase the competitiveness of enterprise – modernizing production process and merging of some departments of the companies.
About AS Putnu Fabrika Ķekava and SIA Lielzeltiņi
AS Putnu Fabrika Ķekava is the leading Latvian poultry producer with 48 years of experience. As a producer that ensures full production cycle, PF Ķekava produces more than 65% from total poultry meat amount produced in Latvia. PF Ķekava employs over 600 people. Company produces more than 240 different products.
SIA Lielzeltiņi has more than 20 year experience in aviculture and chicken processing and produce more than 50 different products. Company ensures workplaces for 430 people.
About AB Linas Agro Group
AB Linas Agro Group is a parent company with subsidiaries that produce, handle and merchandise agricultural and food products, also provide products and services for farming. The Group operates in four countries – Lithuania, Latvia, Estonia and Denmark. The core produced and traded products are grain, oilseed, feedstuff, poultry and poultry products, also agricultural inputs (certified seeds, plant protection products, fertilizers, agricultural machinery and equipment). The Group is the leading exporter of grain and owns network of modern grain storage facilities in Lithuania, also recently opened grain elevator in Latvia. Also the Group is a major milk producer in Lithuania and poultry producer in Latvia.
As at 30 June, 2015 the total headcount of the Group amounted to 2,334 employees. The financial year of the company begins on 1 July.
From 17 February 2010 AB Linas Agro Group is included in the main list of companies of Nasdaq Vilnius stock exchange.
For more information please contact:
AB Linas Agro Group
Deputy General Director
Mob. + 37068771419