MADARA Cosmetics
Chang. board/management/certified advisors
AS "MADARA Cosmetics" Management Board joined by Gunta Šulte

Inside information, 2023-07-18 16:08 CEST -- AS "MADARA Cosmetics" Management Board joined by Gunta Šulte


With the decision of 12 July 2023 of AS "MADARA Cosmetics" Supervisory Board, the CEO of the Company Gunta Šulte has been approved and appointed as the Company's Management Board member.

On 22 May 2023 Gunta Šulte joined the management team of the Company as the CEO, and further on will also hold the position of Management Board member, strengthening and expanding the existing Management Board composition - Board Chairwoman Lote Tisenkopfa-Iltnere and Board members Uldis Iltners and Tatjana Nagle.

G.Šulte is a professional manager with 20 years of expertise, who has been on the Scandinavian and Baltic management team of a global company over past three years. G.Šulte joined AS "MADARA Cosmetics" management team to facilitate the expansion of the Company's exports across Europe and Scandinavia with a greater scope.

Additional information on existing experience and professional expertise of G.Šulte is available on the Company's announcement of 18 May 2023:

https://view.news.eu.nasdaq.com/view?id=b0f9899538b2a9632b6cb6b2bf374fca8&lang=en

The respective Management Board changes will be registeredin the Enterprises Register.

Gunta Šulte does not own any AS "MADARA Cosmetics" shares.

The shares of Madara Cosmetics are admitted to trading on Nasdaq Baltic First North Market.

The Certified Adviser for AS Madara Cosmetics is ZAB Eversheds Sutherland Bitāns SIA.

AS "MADARA Cosmetics" was founded in 2006 and has become one of the leading cosmetics manufacturers in Northern Europe and a leader in Latvia. The company' s brand MÁDARA is a pioneer in the natural skincare and make-up segment in Latvia. Since November 2017, the company's shares have been listed on the Nasdaq Baltic alternative market First North. For more information, visit investors.madaracosmetics.com.

Contact information:
Address: 131 Zeltiņu Street, Mārupe district, Mārupe, LV 2167, Latvia
Contact person: Uldis Iltners, member of the Management Board
E-mail: uldis@madaracosmetics.com
Phone: +371 67 470 243

Certified adviser:
ZAB Eversheds Sutherland Bitāns SIA
Contact person: Justīne Ignatavičute
E-mail: justine.ignatavicute@eversheds-sutherland.lv
Phone: +371 28 665 066

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MADARA Cosmetics AS published this content on 18 July 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 July 2023 14:10:08 UTC.