Elected a new Supervisory Board of Ignitis Group

During the General Meeting of Shareholders of the renewables-focused integrated utility Ignitis Group, held on 24 October, a new Supervisory Board was approved. It will comprise six independent members and three civil servants, all selected by the Group’s majority shareholder, the Ministry of Finance.

The majority shareholder submitted the candidates of the new Ignitis Group Supervisory Board members in October.

The selected independent members of the Ignitis Group Supervisory Board are Alfonso Faubel (renewable energy), Lorraine Wrafter (organizational development), Sian Lloyd Rees (risk oversight), Tim Brooks (sustainability and ESG, including HSE), Judith Buss (finance and investment ) and Jutta Maria Hildegard Dissen (energy transition and flexibility technologies ). The civil servants, selected to the Supervisory Board are the experts from the Ministry of Finance, Aušra Vičkačkienė (public policy and governance) and Ingrida Muckutė (accounting and audit), and the expert from the Office of the Government, Lina Liubauskaitė (regulatory).

The term of office of the current Supervisory Board ends on 25 October 2025. The newly elected members of Ignitis Group Supervisory Board shall commence their activities on the date of registration of Ignitis Group Articles of Association, as amended by the resolution of the General Meeting of Shareholders of Ignitis Group on 7 May 2025.

According to the Corporate Governance Guidelines of Ignitis Group, the Supervisory Board is a supervisory collegial body, which is elected by the General Meeting of Shareholders for a four-year term.

The Supervisory Board will elect the Chair from among its members in the near future.