Silvano Fashion Group announced that in connection with expiration of the term of the board member agreement, Mr. Aleksei Kadõrko shall leave the company and Kati Kusmin shall become the new board member, effective from August 1, 2016. For the past three years, Kati Kusmin served as the board member of Baltika AS, Estonia and has previously been a member of the management board of Estonian Consumer Keskühistu TÜH (now Coop), Chairman of the Board, Chairman of the Board of AS Kalev Chocolate Factory and Tallinna Kaubamaja Department Store Director.