Reverta informs that on 20th July 2012 its Chief Operating Officer, Member of the Management Board Jurijs Adamovičs is leaving the company as he has decided to accept new professional challenges outside Latvia.
„I have all the reasons to be happy for what have been accomplished while being part of such a dynamic and challenging project. Step-by-step together with Reverta’s team we have achieved a number of strategic and operational goals I had set for myself in 2010 upon taking up the position of the Board member at the former Parex banka. The bank has been successfully reorganized from a credit institution into the largest professional distressed asset management firm in the Baltics. The company has acquired a new name and a new corporate identity, and we have built a dedicated team of strong professionals.  I am proud that we were able to repay the syndicated loan and to successfully conclude large and complicated deals in the CIS countries as a result of which the State and the taxpayers have recovered substantial funds,” says Chief Operating Officer of Reverta Jurijs Adamovičs.
„I would like to thank all staff of Reverta and our cooperation partners, who helped and assisted us in achieving good results over last two years,” stresses Jurijs Adamovičs.
Michael Bourke, Chairman of the Supervisory Board of Reverta, says: „I have always had a high esteem for Jurijs’ professionalism and his contribution to the company. I would like to thank him for his commitment and accomplishments and to wish him every success in his future career.”   
The Supervisory Board of Reverta will deal with the replacement of this vacancy on the Management Board without delay, in the interest of continuity of the recovery operations.



To learn more about Reverta visit our company web page: www.reverta.lv.

For more information contact:
Marita Ozoliņa-Tumanovska
Head of Communication and Marketing Department
Phone: +371-6777-9142, mob.: +371-2928-7169
e-mail: Marita.Ozolina@reverta.lv