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Shakeup at juice manufacturer

Dec 09, 1999
By Benjamin Smith

RIGA - The president and chairman of the board of the largest juice maker in the Baltics resigned last week in response to pressure from creditors, who hope to put the company back on the course it was setting before the 1998 Russian markets crisis.Nikolai Lovtsov, who started PAS Gutta in 1994 and owns the controlling interest in the company, could not be reached for comment by the Baltic Times deadline. He earlier told the Latvian news agency LETA that his resignation Dec. 1 was "linked to cre ...

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