VILNIUS - Akropolis Group, a prominent real estate development company, has announced significant changes to the management boards of its subsidiary companies, which are guarantors for the company's notes. The restructuring, which took place at the end of November, includes appointments across several subsidiaries and a change in the group's head office board as of today.
The new composition of the management boards for SIA „M257“ and SIA „Delta Property“ now includes Violeta Tvarijonienė as the chair, with Gabrielė Sapon and Kaspars Beitiņš as members. Meanwhile, Violeta Tvarijonienė also serves as the Director for OZO TURTAS, UAB, TAIKOS TURTAS, UAB, and AIDO TURTAS UAB, where management boards have not been formed.
As of today, Akropolis Group's head office has welcomed a new member to its board. Akvilė Mackay, the company’s Head of Legal, who joined the company in 2022, has been elected to the board. The current board is chaired by Nerijus Maknevičius and includes Gabrielė Sapon alongside the newly appointed Mackay.
SIA “Akropole Latvija,” another subsidiary of AKROPOLIS GROUP, UAB, which provides management services to the "AKROPOLE Rīga" and "AKROPOLE Alfa" shopping centers, has a management board composed of Kaspars Beitiņš and Gabrielė Sapon.
These changes reflect the company's strategic adjustments within its management structure. The information provided is based on a press release statement, which outlines the latest developments in the composition of the management boards of Akropolis Group and its subsidiaries. The group is known for its involvement in real estate development, particularly in the operation and management of shopping centers.
The announcement does not detail the reasons for the management changes or the strategic goals behind the restructuring. It remains focused on the factual changes within the company's governance.
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