AS Merko Ehitus Eesti Adjusts Supervisory Board Memberships
News related to:AS Merko Ehitus Eesti · 2 min read
AS Merko Ehitus Eesti, a prominent Estonian construction company, has announced changes to its supervisory board membership, effective October 1, 2026. Martin Rebane has been appointed as a member of the supervisory boards of UAB Merko Statyba and UAB Merko Būstas, while Tõnu Toomik has been recalled from his position on the boards of AS Merko Ehitus Eesti, UAB Merko Statyba, and UAB Merko Būstas. This transition marks the end of a period that began with Toomik's election to the Supervisory Board of AS Merko Ehitus Eesti.
The updated supervisory boards for AS Merko Ehitus Eesti, UAB Merko Statyba, and UAB Merko Būstas will now consist of three members: Ivo Volkov (Chairman), Urmas Somelar, and Martin Rebane. AS Merko Ehitus Eesti, based in Estonia, is a recognized player in the construction industry, offering services in general construction, civil engineering, and residential construction. UAB Merko Statyba, based in Lithuania, and UAB Merko Būstas, also based in Lithuania, are both recognized for their expertise in construction and residential development, respectively.
Urmas Somelar, Head of Finance at AS Merko Ehitus Eesti, stated that the changes are part of a strategic realignment to ensure the best quality, convenience, and assurance for home buyers. AS Merko Ehitus Eesti, which operates in Estonia, Latvia, and Lithuania, employs 613 people and generated a revenue of EUR 311 million in 2025. The company continues to focus on creating a better living environment and building the future through its diverse portfolio of projects and services.
The changes to the supervisory boards reflect the company's ongoing efforts to strengthen its governance and oversight structures. With the addition of Martin Rebane, the company aims to bring fresh perspectives and expertise to its decision-making processes. The recall of Tõnu Toomik, who has been a key figure in the company's governance, is part of a planned transition to ensure a smooth and effective leadership structure.
AS Merko Ehitus Eesti's commitment to quality and innovation remains unwavering, as it continues to expand its operations and services across the region. The company's strategic moves to enhance its supervisory board composition are expected to contribute to its continued growth and success in the competitive construction and real estate development sectors.