Ministry of Finance presented the remaining two candidates for the new term of office of the Supervisory Board of Ignitis Group
The Ministry of Finance presented the remaining two candidates for independent members of the new term of office of the Ignitis Group Supervisory Board. They are Jutta M. Dissen (Energy Transformation and Flexible Technologies) and Judith Buss (Finance and Investments), who is currently on the board, both experienced managers with experience in the energy sector. The candidacies proposed by the Ministry of Finance still need to be approved by the company's shareholders.
The two independent members have been presented following the completion of their due diligence. The company’s Supervisory Board will consist of nine members in total – six independent members and three civil servants. Four independent members and three civil servants were already presented to the company on 3 October (more information can be found here).
J. M. Dissen is an experienced C-level Executive with over 20 years of management experience in global corporations (including DAX30), the energy sector and top-tier consulting firms. During her career, she has gained professional experience in leading companies across the full business lifecycle – from venture capital growth and digital innovation to consolidation, crisis management and organizational transformation. J. M. Dissen has expertise in regulatory compliance, corporate governance and ESG, with experience in the banking, energy and engineering sectors. She has experience in leading large, multicultural teams (more than 250 employees), managing P&L responsibilities, and delivering complex projects across multiple technologies and markets (offshore/onshore wind, PV, BESS).
J. Buss has held senior executive leadership positions in the E.ON Group (a leading European energy company in the DAX-40 Group) for more than 20 years, including as Chief Financial Officer of E.ON Climate & Renewables Group with a portfolio of assets >EUR 10billion in development, construction and operations of onshore and offshore wind and solar assets in Europe, North America and APAC. She has broad experience in the global energy industry and in financial markets/M&A (leading and executing >EUR 20billion of transaction value), debt and equity security issuance, as well as in corporate governance and sustainability/CSRD reporting, serving as independent member of several boards of directors in large multinational organisations.
On 3 October, the Ministry of Finance presented the following candidates for independent members: Alfonso Faubel (renewable energy) and Tim Brooks (Sustainability and ESG, including HSE), who have accumulated extensive international experience in companies in the energy sector, in particular in the renewable energy area, Lorraine Wrafter (organizational development) - an experienced organizational development and human resources manager, and Sian Lloyd Rees (risk oversight), who has many years of international experience, extensive expert knowledge in the energy sector and digitalization competencies. These candidates also hold positions in the current Supervisory Board of Ignitis Group.
The current council members, Aušra Vičkačkienė (public policy and management) and Ingrida Muckutė (accounting and audit), experts from the Ministry of Finance, who have won the selection, are proposed as civil servant representatives. The new civil servant representative is Lina Liubauskaitė (regulation), expert from the Office of the Government.
The Supervisory Board is a collegial body of Ignitis Group, the main competence of which includes supervision of the activities of the company and its managed companies, approval of the strategy, as well as analysis and supervision of its implementation, and is elected for a term of 4 years.
The Supervisory Board for the new term of office will include by 2 members more – 6 independent members and 3 civil servants (until now, the Supervisory Board consisted of 5 independent members and 2 ministry employees). Such changes in the composition of the Supervisory Board were made in order to continue to meet the highest standards of good governance and to expand the competencies relevant to the company's operations and the implementation of strategic energy projects of significance to society.
The full composition of the Ignitis Group Supervisory Board is expected to be approved at the company's general meeting of shareholders to be held on 24 October. The term of office of the current Supervisory Board expires on 25 October 2025.
The selection of the members to the Supervisory Board of the Company was subject to the regulation of the Republic of Lithuania Law on Equal Opportunities for Women and Men. The international selection of independent members of the Supervisory Board of Ignitis Group was carried out by a selection commission formed by the Minister of Finance, with the help of the agency Pedersen & Partners UAB, which is engaged in the search for managers and managerial personnel. 47 candidates participated in the selection.
The procedure for selecting civil servants to the Supervisory Board of the Company was carried out in accordance with the Guidelines for the Procedures for Selecting Persons to the Supervisory or Management Body of an Enterprise and was carried out by a commission formed by the Minister of Finance. 8 candidates participated in the selection.
74.99 % of the company's shares are owned by the Ministry of Finance, and 25.01 % of the shares are owned by small investors.
Last updated: 17-10-2025
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