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PlusPlus Capital announces changes in management

Tallinn, Estonia, November 29, 2024. PlusPlus Capital (“PPC”), a leading pan-Baltic and Finnish technology-driven accounts receivable management group, has implemented changes in the company’s management in the context of the extraordinary general meeting of October 30, 2024.

Following the resignation of members of the Supervisory Board Viljar Kahari And Mirje Trumsifour new members were elected to the Supervisory Board:

• Sacha Verveckkena key member of the investor group that recently acquired a majority stake in the company was also appointed chairman of the Supervisory Board.
• Armand Reinmaaexperienced lawyer and partner at Reinmaa & Partnerid, brings extensive expertise in the field of civil, administrative and criminal law.
• Jaanus LaidveeCountry Manager for PPC’s Estonian operations, with over 20 years of experience in debt management, having previously served as Managing Director and board member for several leading companies in the sector.
• Karl Mittwith more than twenty years of experience in the debt collection industry, having previously held various positions within PlusPlus Capital Group and other leading companies within the industry.

Rasmus Pikkani will continue as a member of the Supervisory Board.

This was mutually agreed as part of the planned transition under the new owner Peter Piho will resign from his position as member of the Board of Directors and CEO. Former member of the Board of Directors Linda Visocka will continue as Country Manager of the Latvian operations. Kaarel Raik remains a member of the Board of Directors.

PlusPlus Capital expresses its sincere gratitude to Peeter Piho for his long-term commitment and contribution to the growth and success of the company.

To lead the company into the next phase of development, the Supervisory Board has appointed Reimo Tomingas as a new member of the Board of Directors and CEO. Reimo Tomingas has been with PlusPlus Capital Group since 2019 and is Chairman of the Board of Directors of PlusPlus Capital OY, which manages the Group’s Finnish activities. Before joining PPC, he was Country Manager and CEO of Creditreform Eesti OÜ, part of Creditreform International Group, for over ten years, where he was responsible for setting up and managing the activities as part of the Group. He also previously headed a recognized consumer finance company.

The new shareholders express their confidence in Mr. Tomingas and wish him success in his new role. They believe that his leadership, combined with the expertise of the newly constituted Supervisory Board, positions the company to effectively execute its ongoing reorganization plan, restore stability and unlock new growth opportunities.

Contact:

PlusPlus Capital
Kaarel Raik, member of the board of directors
Email: (email protected)
Phone: +372 56 606 148

About PlusPlus Capital:

PlusPlus is a pan-Baltic and Finnish technology-driven accounts receivable management company with offices in Tallinn, Riga, Vilnius and Helsinki. The Company acquires delinquent loans and other non-performing exposures from financial institutions and non-financial sector traders. With its core competency in handling claims against private individuals, PlusPlus favors diversified portfolios, balanced by geography, portfolio type and other metrics.

Since its founding in 2010, PlusPlus has purchased more than 120,000 receivables with a nominal value of approximately € 270 million. The company provides its customers with affordable recovery solutions and strives to avoid litigious scenarios. PlusPlus strives for win-win solutions that allow sellers to focus on their core activities, offer affordable solutions to borrowers and guarantee sufficient returns for investors.

PlusPlus is a transparent and socially responsible company that helps people solve problems related to their insufficient solvency. PlusPlus’ ambition is to increase its market share and further strengthen its position as a leading player in its regional market.

pluspluscapital.eu