Vaidrius Verikas became the financial director of Novaturo

Novaturo Group, the Baltic tourism market leader, announces changes in the management team. From May 2 Vaidrius Verikas, who has solid experience, is taking over the position of the group’s financial director, who also joins the top-level management team. He will replace Vygantas Reifonas, who managed the company’s finances for more than a year, who will continue his career outside the organization.

“I am sure that the contribution of Vaidriaus Veriks will be extremely important in further strengthening the financial capacity of the company on the scale of the entire group, as well as in developing relations with the investor community, shareholders and ensuring sustainable financial returns.” Last year, we returned to the path of profitable growth, and with the arrival of a manager with versatile experience in the fields of both finance and corporate management, we will aim to continue increasing the company’s value and profitability in a dynamic market,” says Kristijonas Kaikaris, head of the Novaturo group.

K. Kaikaris also thanked Vygantas Reifonas, who has been the group’s finance manager until now, whose work he values ​​professionally and significantly, recording the successful results of the previous year. It is reminded that according to audited data, “Novaturo group” received 208.3 million in the Baltic countries last year. euro income and this is 6 percent. more than in 2022, the company’s EBITDA reached 5.5 million euros.

The new financial manager of the company, V. Verikas, worked for almost three years at the international company “Omniva”, which manages the largest network of post machines in Lithuania, where he held the position of finance and later the company’s general director, and was a member of the board. During this period, V. Verikas contributed to the successful implementation of the largest investment projects, organizational changes and double growth of operations. Seven years before that, Novaturo’s new finance manager worked at the audit and tax consulting company PwC, where he was responsible for financial audit projects of the largest Lithuanian companies, evaluation of the company’s internal control processes and other financial issues. He has accumulated extensive experience in managing organizational changes, and recently V. Verikas also engaged in financial consulting.

“I appreciate the opportunity to join Novatur, which has a long and successful history and is able to maintain leadership positions even in the extremely dynamic tourism industry.” I believe that my expertise will not only bring new insights to transform certain company management processes, but will also contribute to the strengthening and growth of the financial strategy. Upon joining the team, I would name the formation and development of a strong financial team, increasing and automating operational efficiency, as well as financial risk management as key priorities,” says Vaidrius Verikas, the new CFO of Novaturo Group.

The company associates the changes in the management team with the goal of further increasing the company’s financial capacity and profitability, making operations more efficient and ensuring sustainable financial returns for investors and shareholders. The company will also pay attention to organizational transformation processes, including improving customer experience, strategic partnerships, and the organizational structure of the company. Novaturas is also implementing other organizational changes to strengthen direct sales, e-commerce, and more. commercial tools and implement data-based and other technological solutions with increasing quality.

about the company
Novaturo Group is the largest and only local capital charter tour operator in the Baltic States, offering summer and winter tours to more than 30 destinations around the world and more than 100 sightseeing itineraries. According to audited data, in 2023 Novaturo group recorded 208.3 million. EUR of income and served 259 thousand passengers in Lithuania, Latvia, Estonia.