Maxima Grupė appoints Andris Vilcmeiers as new group CEO

– LITHUANIA, Vilnius –  Maxima Grupė (LON: IRSH) today announced that Andris Vilcmeiers, who has served as the CEO and Chairman of the Board of Maxima Latvija for more than four years, becomes the new CEO of the group and will also be appointed as the Head of Franmax, the subsidiary of Maxima Grupė.

Viktors Troicins takes over the CEO position of Maxima Latvija. He has been working as the CCO and Board member at this company since April 2016.

Jolanta Bivainytė, who has been leading Maxima Grupė till this day, becomes the CEO of Maxima LT, replacing Kristina Meidė in this position. K. Meidė has left the group.

“I am delighted with the opportunity to lead the largest Lithuanian-owned group of companies. The retail market constantly changes, requiring not only quick and expeditious solutions but sustainable management across the Group companies too. Myself, Viktors and Jolanta have been working in the field for many years, therefore, during this challenging economic period, we are taking a fresh approach while maintaining company’s core values and empowering experience”, said Andris Vilcmeiers, the new CEO of Maxima Grupė.

“With continuous work, social initiatives and effective solutions, we have regained the trust and respect of customers in Latvia. Consequently, I’m proud to take this leadership position and fulfil the goal to bring the company closer to customers’ expectations”, said Viktors Troicins, the new CEO of Maxima in Latvia.

“During almost three decades, Maxima in Lithuania has grown to 251 store retailer and gained the trust of customers. I understand that the most effective decisions are made while being closer to our customers. At work I value constant communication with employees, suppliers and partners, this is what I’ll continue to focus on. Therefore, starting as a new Head of Maxima LT, I appreciate the confidence put in me and thank Kristina for her sincere work during those years not only in Maxima LT, but also in other VP Group companies”, says Jolanta Bivainytė.

The new Board of Maxima Grupė will be comprised of the following members: Andris Vilcmeiers, Jolanta Bivainytė, Arūnas Zimnickas, Viktors Troicins, Edvinas Volkas and Vitalij Rakovski.

About Andris Vicmeiers

Prior to Maxima Latvija, Andris Vicmeiers led Poultry Farm Kekava and held various leadership positions at Venstpils Nafta, Latvian Shipping Company and other companies. He began his career in stevedoring company Noord Natie Ventspils Terminals and followed by the auditing company PricewaterhouseCoopers Latvia. Andris Vilcmeiers holds a Master degree in Management Science and Finance from Latvian University.

About Maxima Grupė

Maxima Grupė owns the retail chains Maxima, Stokrotka, and T-Market, as well as e-grocer Barbora which operates in the Baltics.

Maxima Grupė revenue increased by 23,9% versus the same period last year and reached EUR 1.9 billion in the first half of 2019. Consolidated EBITDA reached EUR 142 million. The Group invested more than EUR 49 million into fixed assets.

Maxima Grupė is part of the Vilniaus Prekyba group which controls and manages the group of subsidiary companies operating the chains of retail stores, pharmacies and real estate development and management companies in the Baltic States, Sweden, Poland and Bulgaria.

For more information: http://www.maximagrupe.eu

- DisclaimerNews, data, and statements included in this release are intended exclusively for general information purposes. Talent4Boards does not guarantee that news is accurate or about the correct person and accepts neither liability for the consequences of the reader’s reliance, nor responsibility for the accuracy of the information. Nothing in this release should be considered for decisions about referred securities. Products and brand names may be trademarks or registered trademarks of their respective owners.