focus on data-driven organisation, financial management and technological progress

Novaturas Team, the major tour operator in the Baltic States, announces improvements in its administration staff. On 13 March, Vygantas Reifonas, who has lots of decades of encounter in this discipline, can take up the situation of Chief Financial Officer (CFO) and joins the company’s administration board. Arūnas Žilys, who has held this placement right up until now, usually takes about the Head of Analytics of the Team in buy to strengthen knowledge integration in company’s operations and put into practice state-of-the-art pricing methods.

“Mr. Reifonas’s various knowledge, know-how and management expertise will help us more create our associations with the investment decision group and shareholders, and make sure sustainable expansion. Accordingly, Mr. Žilys’s contribution to the strengthening of analytical features at the Team stage will undoubtedly be considerable in securing our competitive benefits. We aim to more boost the company’s value and profitability, and we are continually hunting for technological methods to improve the purchaser expertise and consequently sustain our market place leadership,” suggests Vitalij Rakovski, CEO of Novaturas Team.

Mr. Rakovski provides that the current modifications in the management team of various divisions reflect the aim to really encourage inside profession enhancement – to produce talents, to spot their strongest competences and to present them with genuine chances to act as properly as make certain workforce drive.  
Vygantas Reifonas has much more than 20 years of expertise in financial  administration, organisation development, possibility management, and so on. Mr. Reifonas has held the situation of Chief Executive Officer of Baltic Mill, a Baltic grain processing group, and worked as CFO in the organization. He also labored as Director of the Organisation Support of the Bank of Lithuania, Director of the Finance Division and Member of the Administration Board of AB Lietuvos Draudimas.

“I appreciate the prospect to sign up for the Novaturas group, which has managed the difficulties of the pandemic and subsequently the effects of the war in Ukraine that inevitably affected company. I am inspired by the company’s bold decision-creating and the solid growth in customer figures final yr, even in the experience of expanding competitiveness. I believe that that my practical experience in finance will make certain the economical and sustainable operation of the Group and open up additional alternatives to aim on new locations of financially rewarding development,” reviews Vygantas Reifonas, the new CFO of Novaturas Team.

Story carries on

Arūnas Žilys, who has taken above the placement of Head of Analytics of Novaturas Group, says that the resilience, adaptability and sustainability shown by the company in excess of the earlier a long time permits it to transfer forward. 1 of the most important goals is to put into action engineering and information-driven answers with increasing quality.

“Strategically thought-out, effective and engineering-primarily based pricing, and expedient responsiveness to consumer anticipations will strengthen our management, increase shareholder benefit, and make improvements to the consumer knowledge,” says Mr. Žilys.

Through his initial calendar year at Novaturas, Arūnas Žilys has targeted on profits and cost administration and handle, investor relations, funding administration, as well as drastically strengthened his competences in pricing, small business arranging and investigation, which he will now apply to the administration of the Analytics Office.

About the company 
Novaturas Group is the largest tour operator in the Baltic States, presenting summertime and wintertime package deal vacations by aircraft to much more than 30 locations worldwide and far more than 100 excursions.

Vygantas Reifonas
CFO of AB Novaturas  
+370 615 88259