Tallink Group has appointed Peep Jalakas as its new chairman of the board, a decision made by the company's council. Jalakas will officially assume his position on April 6, 2026, for a term of three years. His appointment comes as current chairman Margus Schults is set to leave the board but will continue to work for the company as the head of its operations in Finland.

The decision reflects Tallink Group's commitment to strategic growth and maintaining its competitive edge in changing economic conditions. According to Enn Pant, chairman of the council, Jalakas' extensive experience in finance is seen as a valuable asset for the company moving forward. As Tallink Group positions itself in the international market, there is a clear focus on sustainable development and long-term value creation for shareholders.

The transition from Schults to Jalakas symbolizes a shift towards strengthening the company’s strategic objectives amid evolving market dynamics. With Jalakas at the helm, there is anticipation regarding how his background and expertise will influence the company's operations, especially in reinforcing its market position and enhancing stakeholder value over the next few years.