Changes to the Supervisory Board of Apollo Group OÜ
Liisi Znatokov will step down from the Supervisory Board of Apollo Group OÜ upon the expiry of her term of office on 30 October 2026.
With effect from the same date, Priit Heinaste will join the Supervisory Board of Apollo Group OÜ. Priit Heinaste is a member of the Management Board and Chief Financial Officer of MM Grupp OÜ. During the past three years, he has also served as Chief Financial Officer of Postimees Grupp.
In addition, Priit Heinaste serves on the management bodies of the following companies:
- Member of the Management Board of various companies associated with the MM Grupp group, including Transgreen OÜ;
- Member of the Management Board of MM Pharma OÜ and Rohepööre OÜ;
- Member of the Supervisory Board of Magnum AS, Semetron AS, Postimees Grupp AS, Benita Kodu AS, Linnamäe Lihatööstus AS, Wolfram Europa OÜ and the Jaan Tõnisson Postimees Foundation.
Further information on the companies belonging to the MM Grupp group is available at www.mmgrupp.ee.
The Audit Committee of Apollo Group OÜ
The Supervisory Board of Apollo Group OÜ resolved to establish an Audit Committee. The Supervisory Board unanimously appointed Priit Heinaste as Chairman and member of the Audit Committee and Kristjan Maaroos as a member of the Audit Committee.
The Supervisory Board confirmed that both members of the Audit Committee meet all applicable requirements regarding independence and professional competence.
Priit Heinaste is a member of the Management Board and Chief Financial Officer of MM Grupp OÜ. He previously served as Chief Financial Officer of Postimees Grupp and worked for KPMG in Estonia for more than ten years, including as a certified public accountant.
Kristjan Maaroos is a member of the Supervisory Board of Apollo Group OÜ and Head of Real Estate and Lease Relations at MM Grupp, with extensive management experience in the real estate and retail sectors, including as manager of the Kristiine and Rocca al Mare shopping centres.
The role of the Audit Committee is to assist the Supervisory Board, in particular in matters relating to audit, financial reporting, internal control and risk management. The Audit Committee monitors and analyses the relevant processes and significant risks and makes recommendations to the Supervisory Board regarding the development of these areas. For the purpose of performing its duties, the Audit Committee is entitled to obtain all necessary information and documents from the Management Board, auditors and persons responsible for risk management, finance, compliance and other control functions.
Further information about Apollo Group and the companies belonging to the group is available at www.apollogroup.ee.
Additional information:
Toomas Tiivel
Chaiman of the Management Board
+372 550 5285
toomas.tiivel@apollogroup.ee
