The Global Market Information Company TNS Strenghtens Management Team of its companies – BMF Latvia and Baltic Data House – in Latvia
15.01.2004.Global market information company, TNS, has decided to strenghten the management team by appointing new Boards to both of its operating subsidiaries in Latvia, Baltic Data House and BMF Latvia. Shareholders of both companies met on December 15 to approve the changes.
In order to satisfy the requirements of Latvia’s Commercial law, the shareholders transferred the functions of their directorship institutions to the new boards that were set up.
Valters Sičevs, the regional representative for TNS in Latvia, has been elected as Chairman of the Board for the Baltic Data House. Other members of Board include former Managing Director of the company, Kaspars Ulsts and Regional Director for TNS Central Europe, Margo Veskimägi.
For BMF Latvia, Ginta Krivma, a marketing professional with extensive experience, was approved as Chairwoman of the Board. Other members of the board will include Valters Sičevs, the regional representative for TNS in Latvia and Margo Veskimägi will also sit on the Board.
“We highly appreciate the work done by the directors of these companies, and we would like to praise the investment which they have made in ensuring that TNS can successfully pursue its strategy in the Latvian market. This ensured growth and market leadership positions for the companies. We will make use of the experience and professionalism of the employees of both companies, and we will also attract new human capital so as to take a new step towards growth in the Latvian market,” said the TNS representative and managing director for TNS Gallup OY (Suomen Gallup OY), Reijo Mesimäki.
“In the summer of this year TNS acquired one of the world’s top 10 research companies, NFO. One of the reason for this acquisition was that it strengthened TNS’ portfolio of Business Solutions. The extended portfolio means that we can offer new and improved solutions to our clients. The essence to the solutions is a platform, which allows our clients to develop effective business solutions for challenges they face in business short- and long-term.
Now our clients can make maximum use of all of the opportunities which TNS offers – the knowledge and experience of globally recognised experts and local specialists, the global infrastructure of TNS and the ability to make more effective use of co-operation opportunities with the network of TNS companies in the Baltic States. The changes to the management structure in Latvia is designed to help us capitalise on this opportunity”.
TNS is one of the world's leading market information groups. We provide market measurement, analysis and insight through our global network of operating companies in 70 countries. Working with national and multi-national organisations, we help our clients to develop effective business strategies and enhance relationships with their customers. In July 2003, the group completed the acquisition of NFO WorldGroup, Inc. Further information on TNS can be found on www.tns-global.com.
About Baltic Data House and BMF Latvia
The Baltic Data House and BMF Latvia are part of the world’s third largest market information company, TNS and together with TNS companies in Lithuania and Estonia form the largest centre for market and social research in the Baltic States. The companies offer a full range of services to aid marketing decisions, business planning and social marketing. Each year the companies’ services are used by more than 200 clients, including sector leaders, medium and small-size companies and enterprises, as well as state and local government institutions.
Baltic Data House was established in 1991 and BMF Latvia in 1993. Baltic Data House is owned 55% by TNS Gallup Oy (TNS subsidiary in Finland) and 45 % by private individuals in Latvia. The majority owner of BMF Latvia is TNS Emor (TNS subsidiary in Estonia), remaining 1/3 of shares belong to Baltic Data House. Turnover of TNS companies in Latvia in 2002 reached LVL 1,250,000.
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