The members of the Management Board, within their competence, must ensure the proper conduct of the company’s operations and/or attention to the relevant areas at the Group level. , neither can a member of a supervisory body, management body or administrative body of a legal entity engaged in electricity or gas distribution activities, an auditor or an employee of an audit company who participates and/or participated in the audit of financial statements if a period of more than 2 years has not elapsed.
Management bodies
Here is information on the procedure for electing the Board of Directors and the Chief Executive Officer of Ignitis Group.
Management Board and CEO
Management Board is a collegial management body set out in the Ignitis Group’s Articles of Association. The activities of the Management Board are regulated by the Law on Companies, its implemented legislation, the Corporate Governance Guidelines, the Articles of Association of Ignitis Group and the Rules of Procedure of the Management Board.
The Management Board consists of five members and elects the Chair, who is also the CEO of Ignitis Group, from among its members. The members of the Management Board are employees of the parent company, they are elected by the Supervisory Board on the proposal of the Nomination and Remuneration Committee. The Management Board is elected for a term of four years.
The Members of the Board of the Company must meet the general and specific criteria laid down by law. The Management Board of the parent company shall be formed in view of the provision that the competencies of the members of the Management Board must be diverse. The need for competencies is determined by the Nomination and Remuneration Committee and the Supervisory Board, which identify the required skills and, accordingly, approve the profiles of competencies of each of the Management Board members, during the formation of the Management Board.
Management Board
Darius Maikštėnas
CEO, Chair of the Management Board
Darius is a top-level executive with 20+ years of executive experience in energy, telecommunications, IT, and venture capital sectors. He joined Ignitis Group in 2018 and since...
Dr. Živilė Skibarkienė
Management Board Member, Chief Organisational Development Officer
Živilė is a professional in law and organisational development with over 10 years of executive experience. She joined the Group in 2018 and has since transformed how the Group is governed...
Jonas Rimavičius
Management Board Member, Chief Finance Officer
Jonas is an experienced finance professional. Since joining the Group in 2016, Jonas has been leading M&A activities and capital raising projects, including Ignitis Group’s IPO, and Green Bonds issues...
Mantas Mikalajūnas
Management Board Member, Chief Regulatory Officer
Vytenis Koryzna
Management Board Member, Chief Commercial Officer
Vytenis has more than ten years of experience in renewable energy and strategic leadership, as well as in the development of business models for energy management, supply and generation, including solar energy...
Other relevant information
Corporate Governance
According to the Governance Index published by the Governance Coordination Centre, Ignitis Group is among the best governed state-owned enterprises in Lithuania, with the highest-possible (A+) rating.
Operational documents
Ignitis Group is determined to act justly and according to legislative requirements and international standards. All Group’s activities are regulated in our policies.
Annual Report
Explore strategic and financial highlights, related reports and other relevant information
Remuneration
By implementing the strategy of the Group, we aim to attract and retain competent, fast-learning, technologically advanced, globally thinking and innovating employees.