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Ivo Volkov to take the helm of Merko Ehitus Eesti

17.10.2019

The AS Merko Ehitus Eesti supervisory board has appointed Ivo Volkov the new chairman of the management board from 1 January 2020. The current chairman, Keit Paal, will serve until the end of 2019. Besides Volkov, the other members of the AS Merko Ehitus Eesti management board are Jaan Mäe, Alar Lagus and Veljo Viitmann.

“We’re very glad that we have found, in the person of Ivo Volkov, a capable leader for our team, a person whose work at the helm of elite competitors will bring new experiences and competency to Merko. We believe that Ivo is a strong addition to Merko’s experienced team so that we can continue offering our customers the best construction service and the best possible product to our apartment buyers,” said the chairman of the AS Merko Ehitus Eesti supervisory board, Andres Trink.

“The current chairman of the management board, Keit Paal, along with the management as a whole and our employees, has done a good job for the largest subsidiary in the Merko Group – new investments have been made, there has been investment into the company’s BIM and quality management fields and a number of key development processes have been launched. In terms of its economic results as well, the company has been in good shape and this is a strong foundation to go forward with,” added Trink.

Volkov currently works as the PKC Group Plc’s vice-president for European and South American operations. He is also member of the management board of PKC Eesti AS. Volkov previously served as South American regional director for PKC Group Plc, chairman of the board of Cargotec Estonia AS, in various positions in the Elcoteq Group.

“It is a great honour and pleasure to be selected as the CEO of one of Estonia’s most valuable companies. I’m joining Merko during an exciting and fast-changing time that will require much effort to remain competitive and developing further as a company. After 15 years of working in Estonia and abroad, I believe that together with Merko’s professional and dedicated team, we will be able to remain successful in the real estate and construction market in the future as well. I want to do my best to make that happen,” said Volkov.

AS Merko Ehitus is an international real estate and construction group whose subsidiaries operate in Estonia, Latvia, Lithuania and Norway. The group employs over 760 people with close to 500 working for the Estonian subsidiary. AS Merko Ehitus Eesti offers comprehensive general contracting service for the construction of buildings, civil engineering and energy infrastructure, and also performs concrete work, pipeline and road construction with its own workforce. Merko is among Estonia’s largest apartment developers and has built homes for thousands of families.