OREANDA-NEWS. March 30, 2010. The new Council has been approved by March 29, 2010 by decision of the sole shareholder of the Company, and these changes were registered in the Commercial Register of the Republic of Latvia on March 29, 2010. As a result of such changes the Company Council shall continue its work composed of the following members: Chairman of the Council Nils Melngailis and the Council members Solvita Deglava, Anatoly Friedman and Russel James Breiding.

Solvita Deglava currently is a Head of Credit restructuring financial and administrative departments of AS Parex Banka and deputy Head of Credit restructuring department of AS Parex Banka. From December 2008 to March 2010 she was the Chairman of Audit Department of AS Parex Banka. Before AS Parex Banka, since year 2005 to 2008 Solvita Deglava has been a Member of the Management Board, a Member of a Council and Senior vice president of finances in a company AS "Latvijas kugnieciba" (Latvian Shipping Company).