OREANDA-NEWS. On May 20, 2008 meeting Board of the National investor LEO LT elected the Chairman of the Board and Chief Executing Officer. The latter position was taken by Rymantas Juozaitis – the current  General Director of Lietuvos Energija AB, reported the press-centre of Lietuvos Energija.

“I would like to express my gratitude to the Board for the shown confidence – this is a big challenge for me as an individual, as an energy specialist and a manager. Meanwhile I confidently assert that the company has a single business trend, defined in the National Energy Strategy – ensure a reliable and secure electricity supply in Lithuania at cost-based and affordable prices” – said Mr. Rymantas Juozaitis.

According to the new leader of LEO LT, the company awaits a number of challenging tasks: immediate implementation of strategic Lithuanian energy goals – interconnection with Lithuanian and Swedish power systems, construction of a new nuclear power plant.

LEO LT is set to responsibly pursue its business goal – work for the benefit of its all shareholders, which also means the benefit of all electricity consumers, increase the value and trust in the company.” – said Rymantas Juozaitis.

Rymantas Juozaitis was born on May 6, 1953, in Kaunas. In 1976 he graduated from Kaunas Polytechnic Institute with a degree in thermal power engineering field. Since 1976 he worked for the Board of Gassed Equipment Commissioning and Gasification Orgtechnics as an engineer-commissioner. Since 1977 he worked as an Engineer for Major Construction Division, Kaunas District Heating Utility, as a Dispatch Officer of Region’s District Heating Utility, Deputy Director, Director of Subsidiary of Kaunas District Heating Utility, Director of Subsidiary of Kauno Energijos Paslaugos, Director of Subsidiary Kauno Elektrine. In 1977, after establishment of Kauno Energija SPAB, Rymantas Juozaitis was appointed for the position of the company's Deputy General Director, since 2000 - General Director of Kauno Energija AB. Since 2002 – General Director of Lietuvos Energija AB.