AS Storent Holding is proud to appoint Baiba Onkele as a Member of the Board and to welcome Mišels Zavadskis as the new Chairman of the Supervisory Board.

Baiba Onkele has advanced from Chairman of the Supervisory Board to Member of the Board, with the authority to represent the company.

CFO Baiba Onkele has managed Storent's finances since day one. Under her leadership, Storent has raised funds for development and expanded its operations to 28 rental points in five countries. She has found ways to attract financing for growth and expansion, ensuring that the funds were safeguarded and utilized effectively.

“Baiba’s understanding of the business and strong control over finances have proven to be a great advantage for the entire group. I’m proud to appoint such a capable expert as a Member of the Board, thus expanding her responsibilities beyond finances. Baiba will ensure that the company implements its strategies in the most efficient way possible,” explains Andris Pavlovs, co-founder and Chairman of the Board of Storent.

From now on, the role of Chairman of the Supervisory Board will be assigned to Mišels Zavadskis. He brings over 20 years of expertise in building and developing sales organizations across multiple countries, with over a decade of hands-on experience in the equipment rental industry.

“During our cooperation, Mišels has brought invaluable improvements to our active sales team, which is one of Storent’s biggest advantages in the market. His ability to analyze and improve sales organizations in international teams is vital. His expertise will guide us in finding new approaches and advantages, helping the company grow,” states Andris Pavlovs.

Starting from November 27, 2024, the Supervisory Board will be as follows:

Mišels Zavadskis, Chairman of the Supervisory Board

Erī Esta, Deputy Chairman of the Supervisory Board

Daiga Auziņa-Melalksne, Independent Member of the Supervisory Board

Baiba Onkele

Storent Holdings CFO

Mobile: + 371 29340012

E-mail: baiba.onkele@storent.com

www.storent.com