SELECTION FOR 6 INDEPENDENT MEMBERS OF AB “IGNITIS GRUPĖ” SUPERVISORY BOARD  

The Ministry of Finance of the Republic of Lithuania, budgetary institution code 288601650, address Lukiškių g. 2, 01108 Vilnius, Lithuania, implementing the rights of the majority shareholder of AB “Ignitis grupė”, legal entity code 301844044, registered address Laisvės pr. 10, LT-04215 Vilnius, Lithuania, (hereinafter referred to as ‘Ignitis Group’ or the ‘Parent Company’), announces the selection of 6 (six) independent members of the Supervisory Board of Ignitis Group. The term of office for the new Supervisory Board is 4 years from the day of the election of the Supervisory Board at Ignitis Group's General Meeting of Shareholders.

Ignitis Group is a renewables-focused integrated utility, active in the Baltic states, Poland and Finland. Ignitis Gruop has a diverse team of 4,600+ energy smart people united by a common purpose to create a 100% green and secure energy ecosystem.

Ignitis Group sets focus on onshore and offshore wind, batteries, pumped-storage hydro and power-to-X technologies, to deliver 4–5 GW of installed green generation and green flexibility capacity by 2030, thus strengthening its contribution to Europe's decarbonisation and energy security in the region.

 

About the Supervisory Board’s composition

The Supervisory Board shall consist of 9 members: 6 independent members and 3 civil servants. Civil servant will be nominated following the Guidelines on Procedures for the Selection of Persons to a Company's Supervisory or Management Body approved by the Minister of Finance.

To support its responsibilities, the Supervisory Board shall form the following three advisory committees from among its members:

  • Audit and Risk Committee,
  • Sustainability Committee,
  • Nomination and Remuneration Committee.

Each committee should consist of at least half independent members from the Supervisory Board. All Supervisory Board members participate in one or more of these committees, contributing their knowledge and experience to ensure effective oversight.

 

About the Supervisory Board’s role

The Supervisory Board is a collegial body of Ignitis Group whose key competence includes supervision of Ignitis Group’s activities, approval of Ignitis Group’s strategy, as well as analysis and supervision of its implementation.

Supervisory Board members shall bring diverse expertise, including in renewable energy, organizational development, sustainability, and corporate finance.

 

About requirements for candidates

The Supervisory Board competency areas are aligned with Ignitis Group’s strategic directions and the functions of the committees. Candidates will be selected on the basis of the general, special and independence requirements set out below. Each independent member is expected to demonstrate broad leadership experience and deep expertise in at least one of the specified competency areas outlined under the special requirements.

Candidates applying for the position of an independent member of the Supervisory Board of the Parent Company must comply with the  General, Special, and Independence requirements.

 

GENERAL REQUIREMENTS:

  • The candidate must have a higher (university) or equivalent education.
  • The candidate must have an impeccable reputation. A person shall not be considered to be of impeccable reputation if he/she has been convicted, in accordance with the procedure laid down by law, of a serious or very serious criminal offence, a criminal offence against property, property rights and property interests, the economy and business order, the financial system, the civil service and public interests, justice, public security or  government order and his/her criminal record is unspent or has not been revoked.
  • The candidate must be free from any relationship with other natural or legal persons which would give rise to a conflict of interest in the exercise of his/her duties as a member of a collegial body.
  • The candidate must not be disqualified or restricted from holding the position he/she is applying for or from exercising the functions assigned to that position.
  • The candidate must not have been removed from a single member or a collegial body of a legal person within the last 5 years on grounds of misconduct.
  • The candidate may not be a career civil servant in a ministry, a government agency or a body attached to a ministry who is entrusted with the functions of forming public policies in the sector of the company for whose collegial body he/she is applying.
  • The candidate may not be elected or appointed as a politician in accordance with the procedure laid down by law and may not be a civil servant of a political (personal) trust.
  • If the candidate is a civil servant, he/she may not be a member of more than 2 collegial bodies in total in state-owned and municipally-owned companies.

     

SPECIAL REQUIREMENTS:

Special requirements applied to all competency profiles

  • At least 5 years’ experience in a management position (CEO, executive level manager) of a company or group of companies which has at least 500 employees and operates internationally, including experience with direct responsibility for business / area strategy development, execution, and performance management.
  • At least 4 years’ experience in heavily regulated sectors e.g. financial services, nuclear, energy and utilities, telecom, defence.​
  • At least 4 years of experience serving as a member of collegial body, or serving as a member in several collegial bodies at the same time for 2 and more years, in a large (more than 500 employees) privately-owned or state-owned enterprise (SOE) or group of companies.
  • Proficiency in English at an advanced (C1) level.

Special requirements applied to specific competency profiles

Special requirements linked to specific competency profiles indicate the level of expertise expected. Candidates must qualify for at least one profile.

1. Renewable energy:

  • At least 10 years’ experience in the field of renewable energy (e.g. in the development of energy capacity—acquisition, management, development, operation and maintenance of wind farms and solar parks, flexibility technologies, P2X) and development of renewable energy capacity in various parts of the world.
  • Experience in forming renewable energy business strategy and policy, as well as deep knowledge of geographical development trends, with particular emphasis on the European market.
  • At least 5 years’ experience in a management position (CEO, executive) in large (which has at least 500 employees) international renewable energy company.

Advantages:

  • Oversight or responsibility for large renewable infrastructure projects (including budgeting, risk, and execution).
  • Proven experience of at least one developed offshore wind farm.
  • At least 5 years’ experience in a management position (CEO, executive) in an international renewable energy company with assets/revenues over EUR 1bn.
  • Proven ability to lead initiatives that advance renewable energy adoption, optimization and integration within the energy grid.
  • Experience in corporate governance matters through service as a board member of a listed company with a market capitalization over EUR 0.5 billion and a free float above 10%.
  • At least 5 years of significant experience over the last 10 years in the energy sector, through a full-time senior role; this includes renewables (e.g., in the development of energy capacity—acquisition, management, development, operation, and maintenance of wind farms and solar parks—as well as hands-on experience in project execution) or non-renewables. 
  • At least 5 years’ experience over the past 10 years in developing international business operations for a company, including its subsidiaries.
  • Understanding of energy sector operations, regulation, and development trends in Lithuania and internationally.

2. Organizational Development:

  • At least 10 years’ international experience in the management and development of human capital, gained through roles such as Human Resources Leader, Chief Executive Officer, executive-level roles or other full-time managerial positions. This experience should include responsibilities such as the selection and evaluation of top executives, organizational and cultural development, remuneration, succession planning, and change management. Experience should be gained in large, fast-changing, and dynamic organizations (with more than 500 employees), as well as involvement in transformation initiatives requiring significant human capital management responsibilities.
  • At least 5 years’ experience in selecting top executives, directly or in collaboration with agencies, and in developing and applying executive evaluation systems.
  • Significant experience in leading or overseeing strategic organizational transformation initiatives in large organizations (at least 500 employees), including structuring organizational design, operating model redesign, or cultural change.
  • At least 5 years’ experience in designing executive remuneration and incentive programmes and policies, including long- and short-term motivation systems for C-level executives.
  • Knowledge and skills in corporate governance.

Advantages:

  • Understanding of the energy sector’s C-level job market—locally and internationally—and the competencies required for leadership roles.
  • 5 or more years of experience in efficient succession planning, leadership pipeline development, and the implementation of talent management strategies and transformations at the executive or board level.
  • Experience in applying change management practices and HR tools to enhance organisational resilience, agility, and long-term value creation.
  • Understanding of salary benchmarks and trends in the international job market, incl. energy sector.
  • Experience in developing DEI (diversity, equity, and inclusion) initiatives and strategies.
  • Experience in corporate governance matters through service as a board member of a listed company with a market capitalization over EUR 0.5 billion and a free float above 10%.
  • At least 5 years of significant experience over the last 10 years in the energy sector, through a full-time senior role; this includes renewables (e.g., in the development of energy capacity—acquisition, management, development, operation, and maintenance of wind farms and solar parks—as well as hands-on experience in project execution) or non-renewables. 
  • At least 5 years’ experience over the past 10 years in developing international business operations for a company, including its subsidiaries.
  • Understanding of energy sector operations, regulation, and development trends in Lithuania and internationally.

3. Energy Transition and Flexibility Technologies:

  • At least 10 years’ experience in the field of energy transition and flexibility technologies (e.g. in the development and integration of renewable energy sources such as solar, wind, hydro, bioenergy etc; in the implementation of grid flexibility technologies including energy storage systems (BESS), or smart grid infrastructure or P2X.
  • At least 5 years’ experience in a C- level position such as CTO or head of engineering in the area of renewable energy.
  • Knowledge and skills in corporate governance.

Advantages:

  • Experience in stakeholder engagement to support the transition to a low-carbon energy system.
  • Hands-on experience in developing and implementing engineering solutions for energy transition and flexibility technologies, such as offshore wind technologies, BESS and P2X, green hydrogen.
  • Experience in corporate governance matters through service as a board member of a listed company with a market capitalization over EUR 0.5 billion and a free float above 10%.
  • At least 5 years of significant experience over the last 10 years in the energy sector, through a full-time senior role; this includes renewables (e.g., in the development of energy capacity—acquisition, management, development, operation, and maintenance of wind farms and solar parks—as well as hands-on experience in project execution) or non-renewables. 
  • At least 5 years’ experience over the past 10 years in developing international business operations for a company, including its subsidiaries.
  • Understanding of energy sector operations, regulation, and development trends in Lithuania and internationally.

4. Finance & Investment:

  • At least 10 years’ experience in financial management, including investment evaluation, financing, M&A, consulting, financial services, auditing, or financial reporting in large (which has at least 500 employees) international settings.
  • At least 5 years’ experience in global capital markets, including capital raising, securities issuance, and working with investment banks or financial institutions.
  • At least 5 years’ experience in corporate finance, investment evaluation, M&A execution, financial structuring, or financial advisory in international or complex organizations.
  • Knowledge and skills in corporate governance.

Advantages:

  • Experience in corporate governance matters through service as a board member of a listed company with a market capitalization over EUR 0.5 billion and a free float above 10%.
  • At least 5 years of significant experience over the last 10 years in the energy sector, through a full-time senior role; this includes renewables (e.g., in the development of energy capacity—acquisition, management, development, operation, and maintenance of wind farms and solar parks—as well as hands-on experience in project execution) or non-renewables. 
  • At least 5 years’ experience over the past 10 years in developing international business operations for a company, including its subsidiaries.
  • Understanding of energy sector operations, regulation, and development trends in Lithuania and internationally.

5. Risk Oversight:

  • At least 10 years of experience in the field of risk oversight e.g., in managing and mitigating organizational risks, overseeing internal control systems, ensuring compliance with relevant regulations, and developing strategies to address potential threats to the organization's financial health and operational stability.
  • At least 5 years of hands-on experience (identifying, managing or overseeing) in key energy sector risks, such as regulatory, cybersecurity, financial (especially, market/commodity related risks), including oversight of internal control systems.
  • Knowledge and skills in corporate governance.

Advantages:

  • At least 5 years’ experience in direct or supervising work managing compliance-related matters, including the design and oversight of compliance frameworks, monitoring adherence to legal and regulatory requirements, and mitigating compliance risks or senior executive accountable for corporate compliance.
  • Experience in corporate governance matters through service as a board member of a listed company with a market capitalization over EUR 0.5 billion and a free float above 10%.
  • At least 5 years of significant experience over the last 10 years in the energy sector, through a full-time senior role; this includes renewables (e.g., in the development of energy capacity—acquisition, management, development, operation, and maintenance of wind farms and solar parks—as well as hands-on experience in project execution) or non-renewables. 
  • At least 5 years’ experience over the past 10 years in developing international business operations for a company, including its subsidiaries.
  • Understanding of energy sector operations, regulation, and development trends in Lithuania and internationally.

6. Sustainability & ESG incl. HSE:

  • At least 5 years’ experience at the board or executive level in the strategic oversight of sustainability and ESG priorities, with a strong focus on power generation and/or energy use and/or renewable energy. This includes responsibility for integrating sustainability into corporate strategy and contributing to decision-making at the board level.
  • Experience as a full-time senior executive, with proven experience in designing sustainability and ESG governance and reporting systems. This includes areas such as climate and environmental risk, human rights, business ethics, sustainable supply chains, stakeholder engagement, and compliance with key EU legislation related to sustainability due diligence and reporting.
  • At least 5 years’ experience as a full-time senior executive in a high-risk industry significantly exposed to health and safety issues and/or as an executive leader whose remit covers health and safety matters or oversight of personnel responsible for health and safety.
  • Knowledge and skills in corporate governance.

Advantages:

  • Experience in corporate governance matters through service as a board member of a listed company with a market capitalization over EUR 0.5 billion and a free float above 10%.
  • At least 5 years of significant experience over the last 10 years in the energy sector, through a full-time senior role; this includes renewables (e.g., in the development of energy capacity—acquisition, management, development, operation, and maintenance of wind farms and solar parks—as well as hands-on experience in project execution) or non-renewables. 
  • At least 5 years’ experience over the past 10 years in developing international business operations for a company, including its subsidiaries.
  • Understanding of energy sector operations, regulation, and development trends in Lithuania and internationally. 

     

INDEPENDENCE REQUIREMENTS:

  • The candidate must not have been, for at least one year, a civil servant working in, or an employee of, the company for whose collegial body he/she is applying, its subsidiary or parent company, a related legal person in which the companies referred to in this clause are participants (hereinafter referred to as a ‘related legal person’), the entity initiating the selection process or a legal person subordinate to it.
  • The candidate must not have been, for at least one year, a manager, member of another collegial body, employee or shareholder of the company for whose collegial body he/she is applying or a manager, member of a collegial body, employee or shareholder of a subsidiary or parent company of that company or a related legal person.
  • The candidate must not be a close relative (a spouse, cohabiting partner, partner, where the partnership is registered in accordance with the procedure established by law, as well as their father (adoptive father), mother (adoptive mother), child (adopted child), brother (adoptive brother), sister (adoptive sister), grandfather (grandmother), grandchild, including their spouses, cohabiting partners or partners) of a manager or member of a collegial body  of the company for whose collegial body he/she is applying, its subsidiary or parent company or a shareholder of a related legal person that owns shares carrying more than 1/5 of the votes at a General Meeting of Shareholders.
  • The candidate must have no business ties with the company for whose collegial body he/she is applying, its subsidiary or parent company, or with a related legal person or its founder either directly or as a participant, member of a collegial management body or manager of a legal person with such ties. A natural or legal person that is a supplier of goods or provider of services (including financial, legal, advisory and consultancy services) and receives or has received income from the company or legal entity described in this clause within the last financial year, except for remuneration for activities as a member of a collegial body or a committee set up by a collegial body, shall be deemed to have business ties.
  • The candidate must not have been, for the last 2 years, a partner, participant, manager, member of a collegial body or employee of an audit firm which carries out or has carried out an audit of the company for whose collegial body he/she is applying, its subsidiary or parent company, or a related legal person.
  • The candidate must not have been a member of a collegial body of the company for whose collegial body he/she is applying, its subsidiary or parent company for more than 10 years. This period shall be calculated by adding the term of office for which the candidate would be appointed and the previous terms of office as a member of a collegial body of the same company with a maximum interval of one year between the terms of office.
  • The candidate must not be a member of more than 3 collegial bodies of the companies owned by the State and municipalities.

The following persons cannot be members of the Supervisory Board:

  • the Chief Executive Officer of the Parent Company,
  • a member of the Management Board of the Parent Company,
  • a member of the Board, the head or an administrative employee of a company of the Parent Company’s group of companies,
  • a member of the supervisory body, management body or an employee of the administration of a legal entity carrying out electricity or gas transmission activities,
  • an auditor, an assurance specialist, an employee of an audit firm or of an independent assurance service provider who participates and/or has participated in the audit of the Parent Company’s financial statements or in the verification of information on sustainability matters which is provided in the Parent Company’s management report where less than 2 (two) years have elapsed since the performance thereof,
  • a person who is not legally entitled to hold such a position.

Since the Audit and Risk Committee will be formed from members of the Supervisory Board, at least three independent members of the Supervisory Board must also meet the requirements set by the Bank of Lithuania for Audit Committee members (Order No. 03-14 on the Approval of the Description of Requirements for Audit Committees):

  • The candidate must not be, and must not have been within the past five years, a manager of the Parent Company or a related company.
  • The candidate must not be, and must not have been within the past three years, an employee of the Parent Company or a related company.
  • The candidate must not receive, and must not have received, significant additional remuneration from the Parent Company or a related company in comparison to the income received as a member of the Audit Committee, except remuneration for duties performed as a member of the Audit Committee and/or supervisory body.
  • The candidate must not be a controlling shareholder or member, nor represent such a shareholder or member.
  • The candidate must not have, and must not have had in the past year, significant business ties with the Parent Company or a related company—whether directly or as a partner, shareholder, member, or senior employee of an entity that has such ties. A business tie is considered significant if the entity is a major supplier of goods or services (including financial, legal, advisory, or consulting services), a major customer, or an organization that derives a significant portion of its revenue from the Parent Company or its group.
  • The candidate must not be, and must not have been in the past three years, a partner or employee of the Parent Company’s or related company’s current or previous external audit firm.
  • The candidate must not have served as a member of the Parent Company’s Audit Committee for more than 12 years.
  • The candidate must not be a close family member of the Parent Company’s manager or of any of the individuals listed in the points above. A close family member is considered to be a spouse (or cohabiting partner), child (including adopted child), parent (including adoptive parent), brother (including adoptive brother), or sister (including adoptive sister).

Note: A related company, in this context, refers to an entity that: (1) directly or indirectly controls the Parent Company or is controlled by it; (2) can exert significant influence over the Parent Company; (3) jointly controls the Parent Company under a joint venture agreement; (4) is controlled by the same legal or natural person (or group) as the Parent Company; (5) is an associated company; (6) is a jointly controlled entity under a joint venture agreement; (7) is a company that accumulates and pays pensions or other benefits after employment ends.

About terms and conditions of activity in the Supervisory Board

Remuneration for the members of the Supervisory Board of Ignitis Group is determined in accordance with the Remuneration Policy of AB “Ignitis grupė” group of companies (Ignitis Group Remuneration Policy), paid monthly:

  • For an independent member – EUR 4,070 (before taxes) or
  • For an independent member who is elected as Chair of the Supervisory Board – EUR 6,780 (before taxes)

Additional remuneration for activities in the Supervisory Board’s committees (no more than the remuneration for his/her activities in two Supervisory Board committees):

  • For a member of the Committee – EUR 500 (before taxes) or
  • For the Chair of the Committee – EUR 1,000 (before taxes)

A member of the Parent Company's Supervisory Board may be paid, in addition to the remuneration of a member or the Chair of the Supervisory Board, no more than the remuneration for his/her activities in two Supervisory Board committees. If a member of the Supervisory Board is elected as Chair of a committee, he/she shall be paid, in addition to the remuneration of a Supervisory Board member, the additional remuneration of the Chair of the committee for the duration of his/her term of office as the Chair of the committee, instead of the committee member's additional remuneration.

It should be noted that the final decision on the remuneration of a member of the Supervisory Board will be made by the Parent Company’s General Meeting of Shareholders.

During the term of the contract with the member of the Supervisory Board, the member of the Supervisory Board will be covered by a civil liability insurance for bodies of legal persons. Also, under the terms and conditions of the contract, the costs of transport and accommodation related to attendance at the meetings of the Supervisory Board held at the registered office of the Parent Company will be reimbursed for the members of the Supervisory Board in cases where the member’s permanent place of residence or place of work is outside the Republic of Lithuania.


Documents that must be submitted by the candidates:

By submitting the documents, candidates confirm that they meet the general, special and independence selection requirements and that they are familiar with the legal obligations arising in the event of being selected and appointed as a member of the collegial body if they are elected to the collegial body.

Candidates may be requested to provide additional documents to verify their compliance with the above-mentioned requirements.

 

THE DEADLINE FOR THE SUBMISSION OF DOCUMENTS IS UNTIL 24 JULY 2025 (INCLUSIVE).

 

Candidates may submit the documents to the Selection Agency using one of the following methods:

  • Candidates can submit their documents to the recruitment agency by sending them via email to [email protected].

About selection procedures

  • The selection will be carried out in accordance with the Description of the Procedure for the Selection of Candidates for the Collegial Supervisory Body or Management Body of a State or Municipal Enterprise, a State-Owned or Municipally-Owned Company or its Subsidiary (hereinafter referred to as the ‘Selection Guidelines’) approved by Resolution No. 631 of the Government of the Republic of Lithuania of 17 June 2015.
  • The selection will be carried out by a selection committee comprising one representative proposed by the Prime Minister, one representative proposed by the Minister of Economy and Innovation, one representative of the Governance Coordination Centre and two representatives of the Ministry of Finance.
  • An external selection agency “Pedersen and Partners, UAB” will be engaged to carry out the selection process. The agency will participate in the meetings of the Selection Committee in an advisory capacity (except for the meeting during which the selection interviews will take place).
  • Selection will be conducted in the form of an interview.

About gender balance regulation

We would like to inform you that this selection process is subject to the Law on Equal Opportunities for Women and Men of the Republic of Lithuania, which stipulates the following:

  • Candidates for CEO, management board member, or supervisory board member positions in a large company must meet general, special, and independence requirements, based on which each candidate's qualifications will be comparatively assessed.
  • If, during the selection process, candidates are equally qualified, suitable for the position, and have comparable competencies and professional achievements, preference will be given to a candidate of the underrepresented gender within the large company. Exceptions may apply if, for example, in implementing diversity policies, an objective assessment—based on non-discriminatory criteria and considering the specific situation of a candidate of the other gender—results in a more favourable evaluation for that candidate.

Contact persons:

  • Selection agency representative – Client Partner, Country Manager Lithuania Kristina Vaivadaitė, +370 650 44440, e-mail [email protected].
  • Representative of the Ministry of Finance – Advisor to the Personnel Management Division, Arūnė Šerepkaitė, +37069032011, e-mail [email protected].
  • Person substituting the representative of the Ministry of Finance – Advisor to the Personnel Management Division, Eglė Tenenė, +370 633 35275, e-mail [email protected].

 

Additional information for candidates:

Join a growing and increasingly international team of energy smart people united by a common purpose. We all play our part in building a 100% green and secure energy ecosystem for current and future generations.  

Ignitis Group ensures equal opportunities. We welcome all applicants and do not discriminate against race, religion, gender, sexual orientation or gender identity, age, disability or other personal traits unrelated to work obligations.