JSC Latvijas Balzams announced that in compliance with the decision from March 3, 2016 by the Council of Latvijas Balzams, Seymour Paul Ferreira has been recalled from the position of the Chairman of the board and Intars Geidans has been appointed as a the new Chairman of the board. Intars Geidans has proved himself as dedicated manager working for Latvijas Balzams in the position of Director of Logistics Department for 5 years. Ronalds Žarinovs will continue to fulfil his duties of deputy chairman of the board and Jekaterina Stuge – her duties of the board member.

Intars Geidans has been assigned sole representation rights of the company, while all the other board members have the right to represent the company together with another member of the board.