OREANDA-NEWS. On July 08, 2008, at the extraordinary shareholders meeting, the sitting Board of the company was revoked and a new Board was elected. Darius Masionis became the Chairman of the Board and General Director of the company, reported the press-centre of Lietuvos Energija.

Before that he had worked in the positions of the General Director of Baltrema AB, Finance Director and member of the Board of Lietuvos Draudimas AB, General Director and Chairman of the Board of Bite GSM UAB.

Rimantas Sukys, the former Finance Director of Lietuvos Energija, and Petras Povilas Skiudas, the former Grid Director of Lietuvos Energija, were elected as the members of the Board. 

‘We are bringing together an experienced team which is be able to implement the objectives raised for Lietuvos Energija – to achieve corporate simplicity for the electric energy transmission activity by outsourcing non-core activities, to efficiently unbundle activities which are not typical for the transmission system operator, such as the new nuclear power plant which will be transferred to other LEO LT subsidiaries”, says Rymanats Juozaitis, the Chairman of the Board of LEO LT - the main shareholder of the company. Mr. Juozaitis is confident that the new General Director of the Company together with the experienced staff of Lietuvos Energija will ensure the continuation and further development of the company’s activities.

By electing new members of Lietuvos Energija Board, the Board of the patronising company LEO LT AB took into consideration their personal features, experience and management competencies.

“I have joined the team of Lietuvos Energija with expectations to successfully apply my knowledge and experience gained from management of the major telecommunications, insurance and construction companies, together with the experienced specialists of the energy sector of Lithuania to ensure reliable operation of Lietuvos Energija, and to make our contribution to important changes in the domestic electricity sector”, says Darius Masionis, the new General Director of Lietuvos Energija. 

Moreover, at the meeting the resolution regarding selection of an audit company and setting the terms and conditions of payment for the audit services was revoked, and terms and conditions of the agreement to be concluded with the members of the Board were approved.