LTG2023-01-18
The new board composition of LTG subsidiaries has been approved
The new composition of the boards of Lietuvos Geležinkeliai (LTG) subsidiaries – LTG Cargo, LTG Infra and LTG Link – has been approved. The newly elected boards will start their activities next week.
To apply good management practices and strengthen management competences, from 2023, the boards of LTG subsidiaries will consist of five members: two delegated by the holding company, two independent members and one civil servant.
“While implementing the transformation of LTG Group and its adaptation to the fundamentally changed business environment, the contribution of subsidiaries is extremely important. By forming the new composition boards of the subsidiary companies, we will concentrate even more of the necessary management competences. I believe that they will make a significant contribution to increasing operational efficiency, diversifying operations, expanding into new markets, and implementing other important aspirations,” says Egidijus Lazauskas, CEO of LTG.
A. Ūkeniekas and V. Rakovski are on the board of LTG Cargo.
Arnoldas Ūkeniekas and Vitalij Rakovski will take the positions of independent board members on the board of the cargo transportation company LTG Cargo.
Ūkeniekas has accumulated many years of experience in logistics companies, currently he is the head of business development at the logistics company Hegelmann Group. V. Rakovski is currently the director general of the Novaturas group of companies, having previously worked on strategic projects in the Ignitis Group of energy companies, and in Maxima Group.
LTG strategy and business development director Vytautas Radzevičius and personnel and culture director Irena Jankutė–Balkūnė will also work on the board.
The selection of a civil servant to take office of LTG Cargo board member was announced repeatedly.
Rimkus, G. Almantas, H. Nausėda join the board of LTG Infra.
Gediminas Almantas and Haroldas Nausėda will take office as independent board members of the LTG Group company LTG Infra, which ensures the management and maintenance of the railway infrastructure network.
Almantas has accumulated vast experience in the transport and energy sectors, currently he is an independent member on the boards of Lietuvos oro uostai, Oro navigacija, EPSO-G, and ACI Europe companies. H. Nausėda currently holds the office of a dependent board member in the companies Ignitis Eesti OU and Ignitis, is the chairman of the board of the Ignitis Suomi Oy. He has accumulated extensive experience in leading international teams and managing energy projects.
Ramūnas Rimkus, who currently holds the office of head of the Strategic Planning Department of the Budget and Investments Department at the Ministry of Transport, will take office as the board member-civil servant on the board of LTG Infra.
LTG Administration Director Ieva Lauraitytė and LTG Project and Investment Management Expert Sigitas Kubilis will also work on the board of LTG Infra.
Gasiūnienė, A. Kazlauskienė and V. Bachmetjevas start working on the board of LTG Link.
Aurelija Kazlauskienė, who currently holds office of Strategy and Commercial Director at the company Lietuvos draudimas, and Viktoras Bachmetjevas, who currently holds office of chairman of the board of Susisiekimos paslaugos, SĮ, will take the positions of independent board members in the board of the passenger transport company LTG Link.
Kazlauskienė has accumulated many years of valuable experience in the fields of brands, management of changes, sustainability, customer experience management and development of new services and products. V. Bachmetjevas is a professor at Vytautas Magnus University, who has accumulated experience in management and implementation of strategic goals in various companies.
Aistė Gasiūnienė, who currently holds the position of senior advisor of the Future Communications Group of the Ministry of Communications, assumes the position of board member – civil servant in the company LTG Link.
LTG Legal and Governance Director Irmantas Beržauskas and Finance Director Andrej Kosiakov will also work on the board of LTG Link.
The selection was carried out by the commission.
The board members were selected from the proposed candidates by a commission consisting of the representatives of the Ministry of Transport, the Management Coordination Centre (VKC) established by the Government, and LTG. Selection of the most suitable candidates for independent board members was assisted by MasterClass Lietuva, executive recruitment experts.
Until this year, the boards of subsidiary companies consisted of members delegated by the shareholder – the holding company LTG.
The LTG Group consists of five directly controlled companies: LTG Cargo, LTG Link, LTG Infra, Geležinkelio tiesimo centras, Rail Baltica Statyba. Boards have been established in three of the companies: cargo transport company LTG Cargo, passenger transport company LTG Link and infrastructure management company LTG Infra. 100% of the shares in these companies belong to LTG.
LTG is the largest state-owned railway group in the Baltic States, developing its activities in three main directions: cargo and passenger rail transport, as well as management, maintenance and development of public railway infrastructure.