Change in the management board of group subsidiary

By a resolution of the shareholders of Embach Ehitus OÜ, a 51%‑owned subsidiary of Nordecon AS, Ahto Aruväli has been appointed as a new member of the management board and will assume responsibility for leading Embach Ehitus OÜ’s North Estonia division.

Ahto Aruväli has graduated from Tallinn University of Applied Sciences with a degree in building construction and from the University of Tartu with a degree in strategic management. Previously, Ahto has served as a member of the management board of Bildgren Ehitus OÜ, INF Infra OÜ and INF Ehitus OÜ. He holds a Level 7 professional qualification as a Chartered Civil Engineer in construction activities, design management and construction cost estimation, and is a member of the management board of the Estonian Association of Construction Entrepreneurs. Ahto Aruväli does not hold shares in Nordecon AS.

The management board of Embach Ehitus OÜ will continue with three members: Andres Salusaar (Chairman), Peeter Voovere (Head of Sales and Pre‑Construction), and Ahto Aruväli (Head of the North Estonia Region).

Nordecon () is a group of construction companies whose core business is construction project management and general contracting in the buildings and infrastructures segment. Geographically the Group operates in Estonia, Ukraine and Sweden. The parent of the Group is Nordecon AS, a company registered and located in Tallinn, Estonia. The consolidated revenue of the Group in 2025 was 208 million euros. Currently Nordecon Group employs close 430 people. Since 18 May 2006 the company's shares have been quoted in the main list of the Nasdaq Tallinn Stock Exchange.

Andri Hõbemägi

Nordecon AS

Head of Investor Relations

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