S. L. Rees has been appointed to the Supervisory Board of Ignitis Group
Sian Lloyd Rees has been appointed as an independent Supervisory Board member at Ignitis Group, a renewables-focused integrated utility. She will supervise the areas of strategic management and international development. On Wednesday, the General Meeting of Shareholders of the Group agreed to her appointment.
S. L. Rees, a British national, was chosen due to her extensive international experience, wide expert knowledge in the energy sector and digitalisation competences. During the Supervisory Board meeting to be held on Thursday, the new member will be considered for a position in the Nomination and Remuneration Committee.
S. L. Rees is a top-level executive with over 17 years of international experience in the energy sector and more than 5 years of experience sitting in boards as well as remuneration, nomination, audit and sustainability committees. Sian Lloyd Rees was trusted with managerial positions in Aker ASA, Stena AB group and Halliburn Corporation. Under her leadership, strategic business transformation was carried out, shifting from servicing the oil and gas industry to servicing offshore wind farms, including the development of the offshore expansion strategy and the implementation of large-scale, technically complex projects (construction of a 2.3 GW offshore wind farm in deep waters and a 200 MW hydrogen production plant onshore).
Besides the energy sector, the new member of the Supervisory Board worked for over 13 years in Oracle Corporation UK, where she was responsible for creating digitalisation strategies and implementing them at a global scale. The candidate also has notable experience in implementing international development projects, managing changes and transforming organisations, creating and implementing strategies, taking on the responsibilities of digitalisation, initiating and supervising the implementation of ESG processes.
The term of the current Supervisory Board will end on 25 October 2025. The term of the new Supervisory Board member corresponds to the term of the current Supervisory Board.
The Supervisory Board is a collegial body of Ignitis Group that carries out supervisory functions and is elected for a four-year term. The company’s Supervisory Board comprises seven members in total: five independent members, including the Supervisory Board Chair, and two representatives of the Ministry of Finance. The current independent members of Ignitis Group's Supervisory Board are Alfonso Faubel, Tim Brooks and Judith Buss, who have extensive international experience in the energy sector, mainly renewables, as well as Lorraine Wrafter, who is an experienced organisational development and human resources executive. Aušra Vičkačkienė and Ingrida Muckutė are the experts delegated to represent the Ministry of Finance.
The international selection was conducted by an inter-institutional commission formed by the Ministry of Finance following a resolution of the Government of the Republic of Lithuania with the help of an agency conducting manager and managing personnel recruitment, J. Friisberg and Partners International, and the partners of the J. Friisberg and Partners International network. 28 candidates participated in the selection.
The selection of an independent member was announced following the letter of resignation received by the parent company on 21 December 2023 from Bent Christensen, an independent Supervisory Board and Nomination and Remuneration Committee member. B. Christensen’s last day as an independent Supervisory Board and Nomination and Remuneration Committee member was 4 January 2024.
