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Amber Latvijas balzams announces changes in the Management and Supervisory Board

On the Annual Meeting of Shareholders of JSC Amber Latvijas balzams, which took place on October 1, 2024, the shareholders decided to amend the Articles of Association of the Company to reduce the number of the Management Board members and Supervisory Board members till the number stipulated by law.

During the Shareholders’ meeting a new Supervisory Board was elected for the next five years: Valizhan Abidov, Velga Celmiņa and Boriss Nešatajevs. According to the resolution of the newly elected Supervisory Board, Valizhan Abidov, who served at the Supervisory board for significant period, was appointed as the Chairman, while Boriss Ņešatajevs was appointed as the deputy.

Considering the amendments in the Articles of Association, Guntars Betlers decided to leave his position in the Management Board, while continuing his role as the leader of the logistic division within the Company.

Joint stock company Amber Latvijas balzams is the leading producer of alcoholic beverages in the Baltics with a rich history since 1900. The company owns two alcoholic beverage plants in Riga – a strong alcoholic beverage plant and a sparkling wine and light alcoholic beverage plant. Amber Latvijas balzams is one of Latvia’s leading exporters – its products are available in 180 countries around the world.

More information about the decisions of the Shareholders’ meeting on October 1, 2024 can be read in the section Investors of the Company’s website.

JSC Amber Latvijas balzams

Chairman of the Management Board

Andrejs Višņausks