TKM Grupp Extends Sven Litvinov's Term and Names Jaanus Vihand as New Board Member

KIA Auto AS, a subsidiary of TKM Grupp AS, has extended the term of Sven Litvinov, a member of its Management Board. Litvinov, who has been with KIA Auto AS since 2004, will continue to serve in his role under a new three-year term starting on November 1, 2026. Under his leadership, the company has grown consistently and strengthened its position in the Baltic automotive market.

Jaanus Vihand, a senior executive with extensive management experience, has been elected as a new member of the Management Board of Selver AS, a TKM Grupp AS subsidiary. Vihand will take up his position on October 26, 2026, and will also become the Chairman of the Supervisory Board of Kulinaaria OÜ, another subsidiary of Selver AS. Kristi Simonsen, who has been a member of the Management Board of Selver AS since 2013 and the Chairman of the Supervisory Board of Kulinaaria OÜ, will leave TKM Grupp.

Vihand's career spans across various sectors, including retail, technology, and manufacturing. He has previously served as the managing director of Farmi (Rakvere Piim) and Bauhof Eesti, as well as the Chairman of the Management Board of Coop Eesti Keskühistu and Coop Pank. Additionally, he has held the position of managing director of Apollo Grupp, managing director of the cross-border e-commerce technology company Eurora Solutions, and, since 2022, as Chairman of the Management Board of A. Le Coq. Vihand was named Estonia’s Best Manager in 2019 and currently holds 7,144 shares in TKM Grupp AS.

Kristi Simonsen has been a key figure at Selver AS, working there since 2010 and serving as a member of the Management Board since 2013. Under her leadership, Selver has significantly increased its scale of operations and sales revenue. The company has also developed a nationwide food e-commerce service unique in Estonia, invested in the modernization of its stores, and strengthened its position among Estonia’s leading grocery retail chains.

TKM Grupp AS, a diversified group of companies, includes KIA Auto AS, which focuses on the import and wholesale distribution of Kia passenger cars and spare parts in Estonia, Latvia, and Lithuania, and Selver AS, which operates a chain of supermarkets and hypermarkets primarily selling food and everyday consumer goods. Kulinaaria OÜ, a subsidiary of Selver AS, specializes in the production and sale of prepared food.

TKM Grupp AS has acknowledged Kristi Simonsen’s dedicated and significant contribution to the long-term management and development of Selver AS, thanking her for her service. The appointments and changes reflect the ongoing strategic evolution of TKM Grupp AS and its subsidiaries.