airBaltic Supervisory Board Extends Agreement with Executive Board

posted on 7th October 2022 by Eddie Saunders
airBaltic Supervisory Board Extends Agreement with Executive Board

The Supervisory Board members of the Latvian airline airBaltic, delegated by both the state and the private investor, have agreed to extend agreements with the current airBaltic Executive Board for the next term of office.

Thus, it is now aligned with the time frame of the company’s business plan Above 2026.

The Board consists of three members – Martin Gauss (Chief Executive Officer and Chairman of the Board), Pauls Cālītis (Chief Operations Officer) and Vitolds Jakovļevs (Chief Financial Officer).

airBaltic Supervisory Board: “Under their leadership, airBaltic has seen and overcome a number of exceptional external global challenges.

“The executives have demonstrated the highest level of professionalism and dedication. We are confident that under their leadership airBaltic will continue its sustainable growth path, including implementation and execution of the planned IPO (initial public offering), return of the state aid, and the strengthening the company’s balance sheet.”

Martin Gauss has been the CEO and Chairman of the Executive Board of airBaltic since November 2011.

With the early decision of ordering up to 80 Airbus A220-300, he has built a foundation for the airline’s global success story. Martin Gauss is an experienced CEO who has worked in the aviation industry in different countries for 30 years.

Pauls Cālītis joined airBaltic as a pilot in 1995, over the years also took the role of SVP Flight Operations and in 2020, was appointed as the Chief Operations Officer and Board member of the company.

He is responsible for flight operations, technical and logistics departments, ground operations, customer support, security, safety and quality of the airline.

Vitolds Jakovļevs joined airBaltic in 2011 and was part of the turnaround team that brought the company from heavy losses to a sustainable growth.

As Chief Financial Officer, he is responsible for information technology, finance and control, as well as procurement and administration departments at the company.

Prior to joining airBaltic, he had an over 10-year-long career in investment banking and asset management sectors in Latvia.