Luminor appoints new supervisory board chair
Baltic-based financial services provider Luminor has appointed Karl von Rohr as the new chairman of the supervisory boards of Luminor Holding and Luminor Bank. The 60 years old German banker has succeeded Latvian-American banker Nils Melngailis, who stepped down on 31 December 2025 after more than eight years at the top of the pan-Baltic bank. Von Rohr has three decades of international banking experience at German banking giant Deutsche Bank, where he served as a member of the Management Board. He was previously President of the Management Board and Chief Executive of Deutsche Bank’s Private Bank and, until recently, Chairman of the Supervisory Board of DWS Group, Deutsche Bank’s listed asset management arm.
New CEO of airBaltic has taken up duties
Finnish airline manager Erno Hildén took up his duties as the new CEO of airBaltic on 1 December 2025. The top executive brings more than 25 years of international experience in the aviation and finance industries. Until June, Hildén was Executive Vice President and CFO at SAS Scandinavian Airlines, where he was part of the management team during the company's transformation and capital increase. Previously, he held leadership positions at Saudi Arabian Airlines and Finnair. Hildén succeeded Martin Gauss, who was dismissed in April 2025 after he lost the confidence of the Latvian government – the company’ majority shareholder. The German manager had steered the airline as CEO since 2011, before COO Pauls Cālītis temporarily lead airBaltic until Hildén took office
