“Tallink Grupp is a strong and sustainable international company whose solid market position and long-term experience provide a foundation for continued development. Today’s decision by the Supervisory Board to appoint Peep Jalakas as the new Chairman of the Management Board confirms our clear ambition to continue the company’s strategic growth, strengthen our competitiveness in a changing economic environment, and create long-term value for shareholders. Since Peep Jalakas’ expertise is strongly rooted in the financial sector, the current Management Board member responsible for this area, Margus Schults, will return full-time to Finland, where he will continue as the CEO of Tallink Silja OY,” commented Enn Pant, Chairman of the Supervisory Board.

Incoming CEO Peep Jalakas (born on May 18, 1985) has been a member of the Management Board of AS SEB Pank and Head of Corporate Banking since 2023. Over the past 20 years, he has held various roles at the bank and has led, among other things, the corporate client and credit department teams.

“Joining the region’s leading provider of maritime transport as well as retail and entertainment services is both a great honor and a significant responsibility. I have worked with Tallink in my previous roles in the banking sector and know that it is a dedicated and highly professional team. I look forward to contributing to the continued development of Tallink Grupp,” said Peep Jalakas, who is joining Tallink.

Tallink’s current CEO Paavo Nõgene announced his resignation last week but will continue as a member of the Management Board until 22 May, following Peep Jalakas’ arrival. The Management Board of Tallink will also include Piret Mürk-Dubout, Elise Nassar, and Harri Hanschmidt going forward.

© Shippax