Regarding the selection of Board members of AB Energijos Skirstymo Operatorius
Energijos Skirstymo Operatorius (hereinafter – the Company), identification code 304151376, registered office at Aguonų str. 24, Vilnius, Republic of Lithuania. The total number of registered ordinary shares issued by company is 894,630,333; ISIN code LT0000130023.
On 5 November 2018, the Supervisory Board of Energijos Skirstymo Operatorius adopted a decision to approve the initiation of public selection of four Board members for the following areas of oversight: finance and administration, customer experience and services, network development, and network operation.
The term of office of the current Board of Energijos Skirstymo Operatorius expires on 2 December 2019.
The selection of Board members is announced with regard to the fact that the Company revises its long-term operation strategy the implementation whereof will require sustainable decisions by the Company’s management. One year is left before expiry of the term of office of the current Board of the Company. The selection of the new board ought to be initiated already in the middle of next year; therefore, preliminary initiation of the selection is a rational decision aimed at synergy of the Company’s long-term strategy and management decisions.
Currently, the Company’s members holding the office of the Company’s Board members will further hold the office of the Company’s Board members until the Company’s Supervisory Board adopts respective decisions on the withdrawal of individual Board members or of the Board in corpore, or expiry of the Board’s term of office, depending which is earlier.
The Company’s Board currently consists of the Company’s CEO and Chairman of the Board Mindaugas Keizeris, Director of the Finance and Administration Division Augustas Dragūnas, Director of the Network Operations Division Saulius Vaičekauskas and Director of the Network Development Division Ovidijus Martinonis.
The Company will inform on its further actions after the selection results of the Board members under the procedure laid down in the legal acts.
Information is not confidential.
Person for contacts: Representative for Public Relations Tomas Kavaliauskas, tel. +370 617 51616.
