Melngailis holds onto CEO spot, Lattelecom privatization uncertain

By TBT staff

RIGA - Lattelecom CEO Nils Melngailis, one of the architects behind a complex 600 million euro transaction involving the state and several telecommunication companies, was removed as the firm’s chairman on Dec. 7, throwing doubt over the fate of the deal. He will, however, keep the CEO’s post. Lattelecom’s financial director and board member, Juris Gulbis, will assume the chairman’s position. Gundars Strautmanis, chairman of Lattelecom’s council, said that Melngailis’ place on the five-member ...

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