Alo Ivask, formerly CEO of Kesko Senukai, assumed his position as Enterprise Estonia’s new CEO on Monday. Ivask follows Hanno Tomberg, who had to leave following the scandal surrounding the company of former president Toomas Hendrik Ilves, OÜ Ermamaa.
Enterprise Estonia’s supervisory board voted in favor of hiring Ivask for the job already in February. According to its chairman, Erki Mölder, Ivask was chosen from among 69 applicants. “We had five strong candidates in the final round,” Mölder said, adding that Ivask’s balance and perseverance were what made the difference, as this was exactly what Enterprise Estonia needed.
Ivask said at the time that it was hard to say where exactly he would be headed with Enterprise Estonia, but that he wanted to continue developing the fund into a “competence center for entrepreneurship” rather than a simple issuer of support.
Ivask previously ran the Estonian and Latvian business of construction and home improvement chain Kesko Senukai. As head of Enterprise Estonia, Ivask’s contract is for a period of four years.
The previous CEO of Enterprise Estonia, Hanno Tomberg, was recalled in connection with the controversy surrounding the financing of Toomas Hendrik Ilves’ Ärma Farm.
Editor: Dario Cavegn