OREANDA-NEWS. December 10, 2015. LESTO AB (hereinafter - LESTO, Company), identification code 302577612, registered office placed at Aguon? str. 26, Vilnius, Republic of Lithuania. The total number of registered ordinary shares issued by company is 603 944 593; ISIN code LT0000128449. 

The company informs that on 8 December 2015 LESTO received a notification from the Chairman of the Board and General Manager Aidas Ignatavi?ius regarding the Board of UAB Vilniaus Vandenys (legal entity code 120545849) decision to elect him as the Chief Executive Officer of UAB Vilniaus Vandenys. Due to this, Aidas Ignatavi?ius presented a notification regarding his resignation from Chairman of the Board and General Manager positions of LESTO and AB Energijos skirstymo operatorius since January 1, 2016.

"Leading the company Vilniaus Vandenys I accept as a new challenge. I am convinced that my diverse experience in the group of energy companies Lietuvos energija will contribute to the goal of Vilniaus Vandenys to ensure more transparent and efficient company operations as well as even more convenient services for the residents of Vilnius. I am leaving the energy sector having delivered the goals, that were set: LESTO is ready to merge with Lietuvos dujos, management team of Energijos Skirstymo Operatorius (ESO) is formed and approved and it will continue to pursue the strategic projects ", - said Aidas Ignatavi?ius.

Chairman of ESO Supervisory Board Dr. Dalius Misi?nas says that strategic reforms implemented in LESTO in recent years have made it possible to achieve significant results.

"Both customer satisfaction and electricity distribution network reliability improved significantly. I have no doubt that experience of Aidas Ignatavi?ius in Lietuvos Energija group of energy companies and his competencies will contribute to the goal of Vilniaus Vandenys to become efficiently managed and customer oriented company. We are pleased that Aidas Ignatavi?ius will continue to work for the service-delivering company, with which we see opportunities for cooperation", - said D. Misi?nas.

The last working day of LESTO Chairman of the Board and General Manager is December 31 2015.

"Meanwhile, in agreement with the Nomination and Remuneration Committee and the Supervisory Board of Lietuvos Energija, we will make decisions and inform regarding new appointment CEO of ESO", - said D. Misi?nas.

The company notes that on 3 December 2015 in the extraordinary general shareholders' meetings of LESTO and public limited liability company Lietuvos Dujos decisions to reorganize these companies by merger, establishing AB Energijos Skirstymo Operatorius. At the same day the Supervisory Board and the Board of the AB Energijos skirstymo operatorius decided to elect Aidas Ignatavi?ius as the Chairman of the Board and Managing director of AB Energijos Skirstymo Operatorius.