OREANDA-NEWS. On 10th September 2013 the first meeting of the new Board of the Lithuanian electricity transmission system operator Litgrid AB (company code - 302564383, legal status - public company, registered address: A. Juozapaviciaus str. 13, Vilnius, Vilnius city municipality, the Republic of Lithuania, data about the company are collected and stored at Vilnius branch of VI Registru Centras, Division of Registry of Legal Entities) took place. During the meeting of the Board, Mr. Daivis Virbickas has been elected as a Chairman of the Board and a new CEO of Litgrid.

The fields of responsibility of the Board members were split as follows:

Chairman of the Board Mr. Daivis Virbickas is in charge of strategic management and power system operation, member of the Board Mr. Karolis Sankovski is in charge of strategic electricity grid projects, member of the Board Mr. Vidmantas Grusas is in charge of transmission grid management, member of the Board Mr. Rimantas Busila is in charge of the finance management.

“The new Board of the Company consists of highly-experienced specialists of their field; therefore, we hope that they will contribute to ensuring the continuity of company's operations: the development of power grid infrastructure and implementation of the national energy independency strategy in the field of electricity energy, including timely implementation of the projects of power links with Poland and Sweden. Another key objective set for the new Board by the Supervisory Board is the creation of the transparent system of the use of transmission tariff funds”, notes Chairman of the Supervisory Board of Litgrid, Vice-Minister of Energy of the Republic of Lithuania Dr. Aleksandras Spruogis.

Chairman of the Board Mr. Daivis Virbickas has an extensive experience of developing and managing the transmission system strategies, electricity market analysis as well as business management.

“My key objectives in Litgrid will enclude assurance of transparent and effective use of electricity transmission tariff funds, smooth and timely development of the electricity transmission grid, timely implementation of the strategic projects of power links with Poland and Sweden, fully fledged integration in the European electricity market and power system. We will continue our responsible international participation in drafting the new European network codes together with other European transmission system operators”, says Daivis Virbickas, CEO and the Chairman of the Board of the electricity transmission system operator Litgrid.

Virgilijus Poderys, former CEO of Litgrid since December 2010, will take the position of the advisor to the Board in order to ensure the continuity of the Company policy.

“The Ministry of Energy of Lithuania appreciates the contribution of Mr. Virgilijus Poderys in developing electricity system of Lithuania and implementing strategic international projects. We expect that the collaboration with Mr. Poderys will continue and his valuable experience will be helpful in implementation of other significant strategic projects“, states Chairman of the Supervisory Board of Litgrid, Vice-Minister of Energy of the Republic of Lithuania Dr. Aleksandras Spruogis.