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New CEO of Nordecon planning to expand company in Scandinavia

BC, Tallinn, 21.11.2017.Print version
Gerd Muller, who is to assume the position of CEO of the listed Estonian construction company Nordecon on Jan. 8, is planning to strengthen the company's present operations and expand it on Scandinavian markets, informs LETA/BNS.

"The company has a very clear development plan which should be followed. We are operating on the Finnish and Sweden markets and are definitely planning to grow there," Muller told BNS on Monday.


According to Muller, Nordecon is planning to continue offering all services in the field of construction. "Nordecon offers all services, from A to Z in construction and the plan is to continue with that," he added.


"Nordecon is an old and stable company. My interest is to challenge myself and implement my leadership experience," Muller said when asked why he wanted to join the company.


The supervisory board of the Nordecon on Friday appointed Gerd Muller, former head of Nordea's Estonian branch, as the new chairman of the management board as of Jan. 8, 2018. Muller will be responsible for the general management of Nordecon AS and its management board as well Nordecon's subsidiaries in the scope of strategic issues, the company told the stock exchange. 


Muller has previously worked in the field of banking and payment services. He has graduated from the faculty of economics of the Tallinn University of Technology.


As of August Nordecon's management board has been headed by acting chairman Erkki Suurorg who will continue in this post until Muller takes office. The former chairman, Jaano Vink, and a member of the management board, Avo Ambur, left the company on July 31.


The core business of Nordecon is construction project management and general contracting in the buildings and infrastructures segment. Geographically the group operates in Estonia, Ukraine, Finland and Sweden. In addition to the parent company, the group also includes 10 subsidiaries. Nordecon's consolidated revenue in 2016 totaled 183 million euros, while profit totaled 10 million euros. The group employs approximately 740 people.

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