Feb 26 โ€ข 14:05 UTC ๐Ÿ‡ช๐Ÿ‡ช Estonia Postimees

The leadership change at Tallink continues

Tallink Grupp announces the appointment of Peep Jalakas as the new chairman to strengthen its market position and strategic growth amid changing economic conditions.

Tallink Grupp, a robust and sustainable international company, has recently appointed Peep Jalakas as the new chairman, reflecting its commitment to strategic growth and enhancing competitiveness in an evolving economic environment. The decision was confirmed by Enn Pant, the chairman of the board, who emphasized Jalakas's extensive expertise in finance as crucial for the company's future direction. With this leadership change, Tallink aims to create long-term value for its shareholders as well.

Margus Schults, the former head of finance, will be returning to Finland to continue as the leader of Tallink Silja OY, which marks a significant shift in the company's management structure. This transition is part of Tallink's strategy to adapt to current market challenges and capitalize on opportunities for growth. The board's decision underscores the importance of having leadership with a strong financial background to navigate potential uncertainties and foster further development.

This internal leadership change signals Tallink's proactive approach to maintain its strong market position and address the demands of shareholders for sustained growth. As the company adapts to changes in the economic landscape, it emphasizes its commitment to resilience and long-term value creation, vital in a competitive sector often influenced by external factors such as global economic shifts and consumer behavior changes.

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