Announcement of the selection of an independent member of the Supervisory Board of AB “Ignitis grupė”
The Ministry of Finance announces the selection of an independent member of the Supervisory Board of AB “Ignitis grupė” (Ignitis Group), an international public limited liability energy company, who will oversee the areas of strategic management and international development. You can apply for the position by 28 May.
The selection is being announced following the letter of resignation received by the parent company on 21 December 2023 from Bent Christensen, an independent Supervisory Board and Nomination and Remuneration Committee member. B. Christensen’s last day of office as an independent Supervisory Board and Nomination and Remuneration Committee member was 4 January 2024.
The successful candidate will be appointed to the Supervisory Board of AB “Ignitis grupė” by the decision of the General Meeting of Shareholders of Ignitis Group.
The international selection of candidates will be conducted by a committee, formed following the resolution of the Ministry of Finance of the Republic of Lithuania, and by engaging an agency conducting manager and managing personnel recruitment, J. Friisberg and Partners International, together with the partners of the network, J. Friisberg and Partners International.
The announcement about the ongoing selection of a member of the Supervisory Board, including the requirements for an independent member of the Supervisory Board, can be found here.
The Supervisory Board of AB “Ignitis grupė” comprises 7 members in total: 5 independent members and 2 representatives of the Ministry of Finance. Alfonso Faubel, Tim Brooks and Judith Buss, who have accumulated extensive international experience in energy sector companies, especially in the field of renewable energy, and Lorraine Wrafter, an experienced manager of organizational development and human resources, are the current independent members of the Supervisory Board of AB “Ignitis grupė”. Ministry experts Aušra Vičkačkienė and Ingrida Muckutė are the delegated representatives of the Ministry of Finance.
The Supervisory Board is a collegial body elected for a 4-year term that oversees the activities of AB “Ignitis grupė”. The term of the current Supervisory Board will end on 25 October 2025. A newly elected member of the Supervisory Board will hold the office until the end of term of the current Supervisory Board.
74.99% of the company’s shares are managed by the Ministry of Finance, while retail investors own 25.01% of the shares.
Last updated: 08-05-2024
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