Estonia-based Admirals forex broker has officially confirmed its plans to reorganize its leadership structure, leading to the departure of two high-ranking executives. The company’s Supervisory Board has officially confirmed the resignation of Sergei Bogatenkov, who served as the Management Board Chairman, and Andreas Ioannou, the Board member and Executive Director of the Cyprus branch.

Moreover, according to the official announcement, the roles of Sergei Bogatenkov and Andreas Ioannou will conclude on February 29 and 25, 2024, respectively. The company has wasted no time in appointing Alexander Tsikhilov as the new Chairman of the Management Committee, with his inauguration set to take place in early March 2024.

Alexander Tsikhilov brings a wealth of professional experience to his new role, having served on the boards of various organizations, including the Order of Malta Foundation in Estonia and DVF Group OÜ.

Admirals Shares Plans to Reorganize Leadership Structure.

Following a general meeting of shareholders, Admirals has welcomed two new members to its Supervisory Board. Eduard Kelvet and Olga Senjuškina assumed their responsibilities on February 5, 2024. Eduard Kelvet, who joined the broker in August 2022, has already made significant contributions as a member of the MoneyZen OÜ board and as the head of compliance for Admiral. On the other hand, Olga Senjuškina boasts a professional career spanning over 20 years, including leadership positions at Admirals since 2014, as well as expertise in accounting, tax consulting, and asset management.

Also, in line with the restructuring plan, the Admirals Supervisory Board will execute the necessary changes from February 5 to February 29, 2024, with the final transition set for March 1, 2024. The newly formed board, consisting of Anatolii Mikhalchenko, Dmitri Lauš, Priit Rohumaa, Eduard Kelvet, and Olga Senjuškina, will take charge from March 1 onwards. This strategic move aims to enhance the leadership team and reinforce Admirals’ commitment to delivering exceptional services in the competitive forex broker industry.

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