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Arco Vara Board/Management Information 2021

Jul 1, 2021

2211_iss_2021-07-01_563ebeaa-d1da-48f8-93bd-eebd649da406.pdf

Board/Management Information

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Company Arco Vara AS
Type Company Release
Category Other corporate action
Disclosure time 01 Jul 2021 16:01:43 +0300

Currency

Yordan Lumbev is appointed the new manager of Arco Invest EOOD Title

The Management Board of Arco Vara AS elected Yordan Lumbev as the new CEO of Arco Invest EOOD as of 1 of July 2021. Kaloyan Radosslavov, former CEO of Arco Invest EOOD, will continue as head of Bulgarian development entities of Arco Vara Group (Arco Vara Bulgaria EOOD, Iztok Parkside EOOD, Arco Lozen EOOD, Arco Manastirski EOOD).

Yordan Lumbev joined the Arco Vara team in 2011 and also works as the CFO of Arco Vara Bulgaria. His job as head of Arco Invest EOOD is to communicate with the bank and keep the Madrid project a profitable venture.

Yordan Lumbevil holds a Bachelor's degree (BA) in Finance from the University of Portsmouth and a Master's degree in International Business Administration (MBA, with merit) from Cardiff Metropolitan University in Bulgaria.

The new manager does not own any shares of Arco Vara AS.

Tiina Malm CFO Arco Vara AS Tel: +372 614 4630 [email protected]

Finantsinspektsioon http://www.fi.ee