Alfonso Faubel Steers New Supervisory Board at Ignitis Group
Introduction of the New Chair at Ignitis Group
AB “Ignitis grup?” is pleased to announce significant changes in its leadership structure as it ushered in a new Supervisory Board, electing Alfonso Faubel as Chair. With an impressive background in diverse industries, Faubel brings a wealth of experience to the role, particularly in the energy sector.
Experience and Vision of Alfonso Faubel
Faubel, with 36 years of executive experience, is particularly recognized for his expertise in energy, digitalization, and automotive ventures. His distinguished career has provided him with insights into business turnaround strategies and fostering operational excellence. Over his decade-long journey in the energy sector, he has specialized in renewables, gaining invaluable experience in both onshore and offshore wind energy.
Throughout his career, Faubel held significant roles at major companies including Siemens Gamesa and Alstom/GE, where he played a key part in launching business operations in 16 new markets while serving as Senior Vice President. Notably, he previously served as Chair of the Group’s Supervisory Board, ensuring continuity in leadership.
A Commitment to Sustainable Energy Development
In his acceptance statement, Faubel expressed gratitude for the opportunity to serve again, indicating that the Supervisory Board's decision reflects confidence in the strategic direction undertaken in previous years. He emphasized the Group's commitment to establishing a 100% green energy ecosystem in Lithuania, highlighting the Board's readiness to support these ambitious goals moving forward.
The composition of the new Supervisory Board includes a balanced mix of nine members, comprising six independent figures and three civil servants, ensuring a diverse range of perspectives in decision-making processes.
Formation of Key Committees
During its inaugural meeting, the Supervisory Board undertook vital steps in enhancing operational governance by forming several committees to oversee critical areas of the Group's work. The committees established include the Audit and Risk Committee, the Nomination and Remuneration Committee, and the Sustainability Committee, all of which will operate for a term of four years.
The Audit and Risk Committee is chaired by Judith Buss, with members including Sian Lloyd Rees, Ingrida Muckut?, and Alfonso Faubel himself. This committee's responsibilities will focus on ensuring robust financial and operational oversight.
Chairing the Nomination and Remuneration Committee is Lorraine Wrafter, joined by Jutta Dissen and Aušra Vi?ka?kien?. Their focus will be on shaping fair and competitive remuneration strategies and overseeing member nominations within the Group.
Lastly, the Sustainability Committee, helmed by Tim Brooks, includes members Lina Liubauskait? and Jutta Dissen, who are tasked with promoting environmentally sustainable practices throughout the organization.
Concluding Thoughts
With Alfonso Faubel at the helm of the Supervisory Board, Ignitis Group is set on a promising path toward achieving its goals in sustainable energy. The collaboration of new committee members further strengthens the Group's commitment to its strategic vision. Maintaining momentum in the journey towards a greener future requires teamwork, innovation, and consistent dedication, all of which the new Board members bring to the table.
Frequently Asked Questions
Who is the newly elected Chair of Ignitis Group?
Alfonso Faubel has been elected as the new Chair of the Supervisory Board of Ignitis Group.
What are Alfonso Faubel's qualifications?
He has 36 years of executive experience in energy, digitalization, and automotive sectors, with a strong focus on renewables.
What committees were formed by the Supervisory Board?
The Board established the Audit and Risk Committee, the Nomination and Remuneration Committee, and the Sustainability Committee.
How many members are on the Supervisory Board?
The Supervisory Board consists of nine members, including six independent members.
What is the mission of Ignitis Group under the new leadership?
The mission is to create a 100% green and secure energy ecosystem in Lithuania.
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