Tallink Group, one of the most valuable companies in Estonia, will get a new chief executive officer, after Enn Pant, in the post since 1996, said he will step down.
Current chief financial officer, Janek Stalmeister, will take over from January 1, with Pant, who is a major shareholder through holding company Infortar, is expected to take charge of the supervisory board.
Pant said that the company has reached a very high level in operating its fleet in the Baltic Sea and in Europe, and he will still help formulate future strategies.
Tallink has a fleet of 18 ships, having invested hundreds of millions in the past decade. Turnover was around 940 million euros last year, with a net profit of 43 million euros. Valued at over 1.8 billion euros, it is the second highest in the Baltic states, after Swedbank.