Changes in Management of European Lingerie Group

Previous CEO Peter Patma has stepped down from his role as CEO and as Member of the Board of Directors, but will remain on hand for a transition period, and will be available to the group throughout fall 2019. Mr Rahumaa’s previous role as Chairman of the Board of Directors puts him in good stead to take on this new role in the group, in which he will aim to lead the transformation required to improve profitability and grow the business. 
Mr. Rahumaa is one of European Lingerie Group’s shareholders and founders, as well as the Chairman of the Board of Directors since 2018. Mr. Rahumaa became an investor of the Group’s main subsidiary, Lauma Fabrics, back in 2004 and has been active in the industry and business affairs ever since. Having a Master’s Degree in Finance (Stockholm School of Economics), he has served as a member of the management and supervisory bodies in various companies over the past 20 years, including active management duties.

(Pictured: Indrek Rahumaa)