Arricano Real Estate appoints CFO Lauri Reinberg to its Board as Finance Director alongside Michaelis Michael joining as Non-Executive Director

– UKRAINE, Kyiv –  Arricano Real Estate Plc (LON: ARO) today announced the appointments to its Board of Directors of CFO Lauri Reinberg as Finance Director, Michaelis Michael as Non-Executive Director, effective immediately.

“We are delighted that Lauri, who has made a significant contribution to Arricano since he joined the Group in 2017, and Michalis, who has much relevant commercial leadership experience, have agreed to join the Board,” said CEO, Ganna Chubotina.

The company also announced that Volodymyr Tymochko has stood down from the Board.

About Lauri Reinberg

Lauri Reinberg, who joined Arricano in October 2017, has over 20 years of experience in financial management in Eastern European markets. Lauri previously served as CFO of Pocopay, a digital banking company based in Estonia, before which he held numerous senior finance roles at Swedbank. Between 2007 and 2009, Lauri served as CFO of Retail Real Estate S.A., Arricano’s largest shareholder.

Lauri received his Master of Science degree in Business Administration from the Estonian Business School in 2002 and his Bachelor of Science degree from the University of Tartu in 1995.

About Michalis Michael

Michalis Michael has a long professional career in business and audit services, both as a sole practitioner and as a Partner at KPMG Cyprus until his retirement last year. Michalis also has considerable experience in the Ukrainian market and has been Chairman of the Cyprus-Ukraine Business Association from 2012, again until last year. Michalis formerly served as a Member of the Board of Directors of the Cyprus Broadcasting Corporation, Chairman of the Board of Directors of the Cyprus Organisation of Land Development and the Cyprus Investment Promotion Agency, a Member of the Committee for the Supervision and Development of Cooperative Societies and a Member of the Board of Directors of The Cyprus University of Technology (2014-2016).

Michalis is a Chartered Certified Accountant, a Fellow member of the UK Association of Chartered Certified Accountants, and a Member of the Institute of Certified Public Accountants of Cyprus, of which he also served as a Member of the Board of Directors.

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