The Management Board is a collegial management body envisaged in the Ignitis Group’s Articles of Association. Its members are elected for a four-year term, and removed, by the Supervisory Board on the proposal of the Nomination and Remuneration Committee.
The Management Board, which consists of five members, elects from among its members a chairman, who is the company’s CEO.
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. Information on the distribution of the areas supervised by the Management Board members is provided in this document.
Work on the Management Board is remunerated in keeping with the guidelines established by the company’s shareholder.
The term of the Ignitis Group’s current Management Board ends on 31 January 2022.
On September 16, 2020, the Share Allocation Rules of AB Ignitis Grupė (hereinafter – the Rules) were approved. The Rules entered into force on the day of admission of the Company’s shares to trading on the Main Trading List of AB Nasdaq Vilnius.
The Rules provide that employees of the Company and its subsidiaries, including members of the Management Board of the Company, will have the opportunity to participate in the share option program.
Among other things, the Rules aims to increase the motivation of employees to increase the value of the Group's companies, to create motivation for key managers to pursue sustainable and long-term strategic goals.
Darius Maikštėnas is the Chair of the Management Board and Chief Executive Officer at Ignitis Group.
Mr. Maikštėnas, who has 8 years of executive experience, joined Ignitis Group in 2018. Since 1 February 2018 he is the Chair of the Management Board and on 12 February he assumed the role of Chief Executive Officer. He is also a Chair of the Supervisory Board of AB "Energijos skirstymo operatorius" and is a member of the Management Board at Eurelectric.
Darius Maikštėnas gained executive experience while working in telecommunication and energy sectors. He led an international company located in Silicon Valley that offers innovative telecommunication solutions and operates in the United States and the UK under the WiderFi brand. Prevously, Darius Maikštėnas worked as an advisor for the venture capital fund Nextury Ventures, he served as Vice President at Omnitel, was an independent member of the Management Board and Chair of the Management Board at LESTO.
He received his bachelor’s degree in Business Management at Kaunas University of Technology before obtaining a master's degree in Business Administration at the Baltic Management Institute. He also completed an executive management programme at Harvard Business School.
Darius Maikštėnas owns 1,700 shares of Ignitis Group.
Dr. Skibarkienė is a member of the Management Board and Chief Organisational Development Officer at Ignitis Group.
Živilė, who has 5 years of executive experience, joined Ignitis Group in 2018. Since 1 February she holds the position of Chief Organisational Development Officer. She is also a member of the Management Board of UAB Elektroninių mokėjimų agentūra and a member of the Supervisory Board of AB "Ignitis gamyba". She is also a Chair of the Management Board of UAB "Ignitis grupės paslaugų centras".
Živilė gained executive experience while working in financial sector. She previously was the Head of Šiaulių Bankas Legal and Administration Division. In Finasta Bank she was Managing Director and member of the Management Board. She worked as Compliance Manager at DNB bank (now Luminor).
She holds a master’s degree in Law at Vilnius University and a doctoral degree in social sciences field of law at Mykolas Romeris University. She has also completed the Oxford Executive Leadership Programme at Saїd Business School, University of Oxford.
Živilė Skibarkienė owns 300 shares of Ignitis Group.
Darius Kašauskas is a member of the Management Board and Chief Financial Officer at Ignitis Group.
Mr. Kašauskas, who has 12 years of executive experience, joined Ignitis Group in 2008. Since 1 February he holds the position of Chief Financial Officer. He is also a member of the Supervisory Board of AB "Energijos skirstymo operatorius".
Darius gained his executive experience while working in energy sector. He served as a member of the Supervisory Board and the Chair of the Management Board at UAB Elektroninių mokėjimų agentūra. At NT Valdos he was a member of the Management Board and the Chair of the Management Board and at Lietuvos Dujos he was the Chair of the Supervisory Board.
Following his master's degree in Economics at Vilnius University, he obtained a further master's degree in Management at ISM University of Management and Economics and has undertaken doctoral studies in the field of economics at the same university.
Darius Kašauskas owns 250 shares of Ignitis Group.
Vidmantas Salietis is a member of the Management Board and Chief Commercial Officer at Ignitis Group.
Mr. Salietis, who has 7 years of executive experience, joined Ignitis Group in 2011. Since 1 February he holds the position of Chief Commercial Officer. He is the Chair of the Management Boards of NT Valdos and UAB Elektroninių mokėjimų agentūra, and the Chair of the Supervisory Board of UAB "Ignitis". He is also a member of the Management Board of UAB "Gamybos optimizavimas" and a member of the Supervisory Board of Ignitis Polska Sp. z o.o.
Vidmantas gained his executive experience in energy sector. He held the position of General Manager at Energijos Tiekimas. Previously, he was the Director of the Electricity Wholesale Division at Ignitis Gamyba.
Mr. Salietis obtained his bachelor's degree in Economics and Business Administration at the Stockholm School of Economics in Riga (SSE Riga).
Vidmantas Salietis owns 200 shares of Ignitis Group.