Novaturas Group appoints new Board of Directors

Group 1 - A new board of directors has been elected at Novaturas, with Sebnem Gunel and Chris Mottershead joining as new members, while Gediminas Almantas continues as Chair [1][6] - The appointment of the new board is aimed at reinforcing governance and strengthening market position, with a focus on strategic decision-making and growth in the Baltic market [2][3] - Novaturas has onboarded a strategic investor, Neset Kockar, who acquired a 23.2% stake earlier this year, with plans to increase his share to 33.19% after the final stage of the transaction [3] Group 2 - Sebnem Gunel has extensive experience in the tourism industry and has held various executive roles, currently serving as Director of operations in the Netherlands for Anex Group [4] - Chris Mottershead brings over 30 years of international experience in the travel industry, having held leadership positions at major companies and currently serving as President of the Institute of Travel and Tourism [5] - Gediminas Almantas has significant leadership experience and continues to serve as an independent member of the board, having previously been the CEO of Lithuanian Airports [6] Group 3 - Novaturas Group is a leading tour operator in the Baltic States, offering a wide range of travel destinations and services, with revenues of EUR 201 million and 239,000 passengers served in 2024 [7]