CFO Taavi Ojala is the new member of the management board of E.L.L. Real Estate

Starting March 2010, Taavi Ojala will become the Chief Financial Officer (CFO) and a member of the board of E.L.L. Real Estate, the property development company operating in Estonia, Latvia and Lithuania. The current CFO Katrin Mühls will become the finance director of Ektornet Management Estonia, a property management company in the Swedbank AB group.

Aldo Dapon, Chairman of the Board of E.L.L. Real Estate, said that the company is very grateful to Katrin Mühls for her contribution to the company’s growth. According to Dapon, the company was very lucky to escape a void in the company with Mühls’ departure, as they managed to recruit the very suitably qualified

Taavi Ojala. Taavi Ojala worked at E.L.L. Real Estate from 2000 to 2004 as a financial analyst. After that, he was the CEO of Ober-Haus Kinnisvara and worked for Swedbank, fulfilling different positions in the property department of the corporate banking division (incl. head of department).

“I am happy to be back. After many years of working at a bank, it is a good challenge to be in the opposite position again – in the shoes of the borrower,” said Ojala. “This year and the next will still be difficult for the Baltic countries. Therefore, we must preserve trusting and constructive relationships with both the banks and the tenants, so we can survive the difficult times together and continue our cooperation in the long term.”