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Amber Beverage Group’s (ABG or the Group) solid corporate governance underpins our endurance and plays an important role in maintaining corporate integrity and managing the risk of corporate fraud, combating against management misconduct and corruption. Amber Beverage Group Holding S.a r.l. is a limited liability company incorporated on 26 September 2017 under the laws of Grand Dutchy of Luxembourg. The Company’s Articles of Association are available here.
The Supervisory Board of ABG oversees and implements the Group’s corporate governance framework, provides strategic direction for the Group’s development and expertise and guidance in relation to the Group’s international functions and supervises key areas of the Group’s operations, performance, and compliance.
The strategic resolutions to be taken by the management require the prior approval of the Board.
The Chairman of the Board is a member of the Supervisory Board whose responsibilities cover the territories of all countries where the companies belonging to the Group conduct, or plan to conduct, business. The duties of the Chairman comprise the following: to lead and manage the ABG`s activities; to lead the development plan implementation e.g., evaluation of potential alliances via M&A activities and to lead M&A processes; to participate in negotiations with financial institutions and strategic partners to ensure the sustainable development of the Company; to develop and lead ABG’s long term strategy; to represent ABG externally and to protect interests of ABG; to manage Board activities, plan its work, chair meetings of the Board.
The Secretary is a member of the Supervisory Board, with all respective responsibilities with the exception of voting rights at the meetings of the Supervisory Board. The Secretary’s vote is not counted at quorum determination of the Supervisory Board meetings. The main functions of the Secretary of the Supervisory Board are related to organizational matters within the Board. The Secretary is responsible for corporate disclosure and compliance with country corporation laws, standards, reporting and compliance, monitoring corporate governance developments and assisting the Supervisory Board in tailoring governance practices, meeting the Supervisory Board’s needs and shareholder’s expectations, serving as a focal point for communication and engagement on corporate governance issues, and performing other tasks if needed.
The Board holds a meeting at least once per quarter to discuss the business strategy of the Group and to review the financial results. The annual financial results of the Group for the previous year as well as the budget for the current year are normally reviewed and approved by the Board in May each year. The intermediate financial results and possible adjustment of the budget for the current year are reviewed and approved by the Board each November. From 2020 on, all the members may participate in the Supervisory Board meeting by any suitable telecommunication means. Written resolutions, drafts of resolutions, decisions, and minutes, as well as any documents related to the meeting, may be transmitted by ordinary mail, electronic means, or any other suitable digital means. Written resolutions can either be documented in a single document or in counterparts having the same content. The Supervisory Board may meet virtually, using audio-video conferencing, to ensure that Board members based in different locations and time zones are able to participate in meetings.
Risk management is a topic that is regularly discussed at Supervisory Board meetings. The Board regularly considers the nature and extent of the risks the group is willing to take to achieve its strategic goals. The Board monitors the economic conditions within the market, reviews the group’s product portfolio and routes-to-market and adjusts the group’s activities accordingly. Members of the Board are continuously looking for ways to diversify the group’s market presence and look for business and investment opportunities.
Normunds Stanevics is a respected corporate leader with extensive experience in finance, FMCG, and healthcare, specialising in change and transformation projects delivering innovation, operational efficiencies, sustainable growth and shareholder value. Prior to joining Amber Beverage Group as Chief Executive Officer in July 2025, Mr. Stanevics served as Chairman of the Board and CEO of Riga’s largest hospital, leading the organization through significant change initiatives. Previously, he was CEO of Food Union Europe, where he led the company's strategic expansion across multiple European markets and substantially improved financial performance. Mr. Stanevics holds an MBA from the Stockholm School of Economics in Riga and has completed executive studies at Harvard Business School.
Simon Rowe brings with him over 30 years of experience in financial industry, with an impressive 21-year tenure in the private financial services industry holding such a notable position as the Managing Director of Swicorp, a private financial services group providing solutions in the spheres of investment banking, private equity and asset management in the Middle East and North Africa. Currently, Mr. Rowe is the Founder and Managing Partner of Monsar Capital - an independent international financial advisory and investment firm with a core focus on dynamic emerging markets. As a seasoned professional in the field, Mr. Rowe possesses a strategic view of global financial infrastructures and an invaluable experience in leading large-scale businesses. Mr. Rowe's achievements are further enhanced by his academic accomplishments. He holds a B.A. Hons in Modern History from Oxford University.
Douglas Cunningham is an experienced beverage industry professional working in FMCG sector for over a decade. He is the Founder of Indie Brands, a London-based spirits distribution company offering distribution, marketing and brand building expertise for premium spirit brands. The company has extensive experience of building brands within the UK’s premium on and off premise sectors and possesses a strong sales footprint across national and regional wholesale, wider on-premise, multiple grocers, specialist off-premise and online channels. Mr. Cunningham holds a BA degree in Politics and Business Management from the University of Stirling, Scotland.
Arturs Evarts is an experienced board member with a demonstrated history of working in the beverage industry. Mr. Evarts is a strong legal professional with more than 15 years of experience in the field, and he has spent more than a decade holding notable positions within Amber Beverage Group’s companies. As a Board Member, he takes active participation at CSR Latvia, an association that brings together private, public and NGO sectoral organizations as well as experts that promote the activities and development of Latvian entrepreneurs by introducing corporate social responsibility principles into the organization's strategies. He holds a Master’s degree in Law from the University of Latvia, as well as a MBA degree of Business Administration and Management from RISEBA University.