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Management Bodies
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.
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.
The term of the Ignitis Group’s current Management Board ends on 18 February 2026.
Darius Maikštėnas
Chair of the Management Board, Chief Executive Officer
Darius Maikštėnas
Chair, CEO since 01/02/2018
Re-elected on 18/02/2022
Competence: strategy and management, sustainability
Term of office expires: 17/02/2026
Experience
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 then he serves as CEO and Chair of the Management Board. Mr. Darius Maikštėnas successfully prepared Ignitis Group for transitioning from a local monopoly to a renewable-focused integrated utility and the largest energy group in the Baltic States, oversaw Ignitis Group’s IPO, and has been leading the group towards ESG excellence. Prior to joining Ignitis Group, he had led an international company based in Silicon Valley offering innovative telecommunications solutions and operating in the United States and the UK.
Education
Harvard Business School, General Management Program; Baltic Management Institute, Executive MBA degree; Kaunas University of Technology, Bachelor’s degree in Business Administration.
Other current place of employment, position
Eurelectric, Member of Board of Directors; Energijos skirstymo operatorius, Member of the Board.
Owned shares of the parent company1
3,000.
1 The number indicates shares owned at the end of the 2023 reporting period.
Dr. Živilė Skibarkienė
Member of the Management Board, Chief Organisational Development Officer
Dr. Živilė Skibarkienė
Member since 01/02/2018
Re-elected on 18/02/2022
Competence: organisational development
Term of office expires: 17/02/2026
Experience
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, resulting in the Group being constantly awarded the highest governance rating by the State Governance Centre. She also led the conversion of the organisation into an attractive employer, whose compliance with the best human resources policies and practices has been certified by the Top Employer’s Institute (the Netherlands). This achievement was supported by growing employee net promoter score from 9 to 65 over several years.
Živilė also serves as a Member of the Board at ESO and chairs the Board of Ignitis Grupės Paslaugų Centras. Prior to that, Živilė gained executive experience while working in the financial sector. She was Head of Legal and Administrative Division at Šiaulių Bankas, Member of the Management Board and Deputy CEO at Finasta Bank, as well as Head of Compliance at DNB Bankas (now Luminor), and Head of Legal Department at SEB Bankas. Živilė holds a board member’s education certificate issued by the Baltic Institute of Corporate Governance.
Education
Harvard Business School, Business Leadership Program; Saïd Business School, University of Oxford, Executive Leadership Program; Mykolas Romeris University, Doctor in Philosophy (PhD in Law); Vilnius University, Master’s degree in Law.
Other current place of employment, position
Ignitis Grupės Paslaugų Centras, Chair and Member of the Board; Energijos skirstymo operatorius, Member of the Board.
Owned shares of the parent company1
300.
1 The number indicates shares owned at the end of the 2023 reporting period.
Jonas Rimavičius
Member of the Management Board, CFO
Jonas Rimavičius
Member since 18/02/2022
Competence: finance
Term of office expires: 17/02/2026
Experience
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. Additionally, Jonas has been serving as Chair and Member of the Management Board at Ignitis Renewables since January 2019. Prior to joining the Group, Jonas had accumulated experience in the areas of investment banking and corporate finance at Swedbank, EY and Telia.
Education
University of Cambridge, Master's degree in Business Administration; University of Warwick, Bachelor's degree in Accounting and Finance; former CFA charterholder.
Other current place of employment, position
Ignitis Renewables, Chair and Member of the Board; Ignitis renewables offshore development, Member of the Board; Ignitis renewables projektai 5, Member of the Board; Ignitis renewables projektai 6, Chair and Member of the Board.
Owned shares of the parent company1
500.
1 The number indicates shares owned at the end of the 2023 reporting period.
Mantas Mikalajūnas
Member of the Management Board, Group Head of Regulated Activities
Mantas Mikalajūnas
Member since 18/02/2022
Competence: regulated activities
Term of office expires: 17/02/2026
Experience
Mantas, who has almost 20 years of executive experience in various energy sector’s companies, launched his career in Lietuvos Dujos. Later, he had an internship in a German energy group. After returning to Lithuania, he was working in strategic positions at Lietuvos Dujos, where he served as an executive team member and was responsible for issues related to investor relations, state authorities and the regulator as well as integration of Lietuvos Dujos into Lietuvos Energija (current Ignitis Group). Before transitioning to the current position of Head of Group Regulated Activities, Mantas had served as Head of Business Development at Ignitis Group and CEO at Lietuvos Dujų Tiekimas (later, Lietuvos Energijos Tiekimas).
Education
Vilnius University, Master’s degree in Business Administration and Management.
Other current place of employment, position
Ignitis, Member of the Board; Vilniaus Kogeneracinė Jėgainė, Member of the Board; Kauno kogeneracinė jėgainė, Chair and Member of the Board; Ignitis Gamyba, Member of the Board.
Owned shares of the parent company1
220.
1 The number indicates shares owned at the end of the 2023 reporting period.
Vidmantas Salietis
Member of the Management Board, Chief Commercial Officer
Vidmantas Salietis
Member since 01/02/2018
Re-elected on 18/02/2022
Competence: commercial
Term of office expires: 17/02/2026
Experience
Vidmantas, who is a professional with 10+ years of experience in top-level positions in the energy sector, joined the Group in 2011 and since has served as an executive in various Group companies. During this time, he spearheaded one of the major changes in the electricity sector – market deregulation. In addition to becoming a Member of the Management Board of Group in 2018, Vidmantas was also serving as a Chair of the Supervisory Board at Ignitis, a Chair of the Supervisory Board of Ignitis Gamyba as well as a Member of the Management Board of Ignitis Renewables. Prior to that, he had served as CEO at Energijos Tiekimas, and had led an electricity wholesale trading department
at Ignitis Gamyba. He had also served as Chair and Member of the Management Board of Elektroninių Mokėjimų Agentūra and Member of the Management Board of Gamybos Optimizavimas.
Education
Stockholm School of Economics in Riga (SSE Riga), Bachelor’s degree in Economics and Business.
Other current place of employment, position
Ignitis, Chair and Member of the Board; Ignitis Gamyba, Chair and Member of the Board; Ignitis Renewables, Member of the Board.
Owned shares of the parent company1
200.
1 The number indicates shares owned at the end of the 2023 reporting period.