Margus Nõlvak, CEO of Mainor Ülemiste, to resign in February

,   2 minute reading

After almost seven years, Margus Nõlvak, the Chairman of the Management Board of AS Mainor Ülemiste, decided to take time for himself and his family and to find a new challenge. 

Margus Nõlvak joined the Mainor Group in 2010, first managing the environmental company Doranova Baltic. Four years later, Ülo Pärnits, the Group’s founder and major shareholder at the time, invited him to the position of CEO of Mainor Ülemiste, which was developing Ülemiste City. Today, the business campus has grown to be the largest in the Baltics, acquiring the dimensions of a city with more than 12,000 people working, studying, and living there every day.

‘Needless to say, it has been an exciting, discovery-filled journey. Without exaggeration: these years have flown by. I have always considered myself a maximalist, but I could hardly have really believed that the development of the region would prove to be so stormy when I took the bull by the horns. Many thanks to Mainor Ülemiste’s team and partners and the Group’s management for this – the key to our success is undeniably hidden in our joint contribution’, said Margus Nõlvak.

Nõlvak felt that now was the time to get off the train and dedicate himself to his family with four children. Therefore, he decided to resign from the position of the Chairman of the Management Board of Mainor Ülemiste at his own request. Nõlvak will resign in the middle of February. At the same time, his authorities in the Ülemiste Council of Technopolis Ülemiste, a co-developer of Ülemiste City, will also end.

‘For more than a decade, we got to know Margus as an ambitious and committed person. He is a modern, innovative, and most genuinely a thinking leader for his people. Margus worked for Mainor Ülemiste and managed it daily just like that’, said Guido Pärnits, Chairman of the Management Board of Mainor AS. ‘His current decision also proved that: Margus wants to create all the prerequisites for the business and its employees to move forward at full speed. I therefore fully understand his decision, I thank him for his long-term and great contribution and wish him success in his new challenges.’

The rapid development of the region and Nõlvaku’s contribution to it are evidenced, among other things, by the Young Manager of the Year award given to him, as well as reaching the top three in Äripäev’s Best Manager competition last year.

Related news

All news

Latest news

All news