Changes in Telia Lietuva Board as Agneta Wallmark Resigns
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Changes in Leadership at Telia Lietuva
Telia Lietuva, AB has confirmed the resignation of Agneta Wallmark, a notable figure who has played a key role on the Board and led the Audit Committee. Her resignation coincides with her upcoming retirement and the conclusion of her career with Telia Company AB, where she notably served as the Head of Group Treasury. This departure signals a transition for both Wallmark and the company she represented.
Agneta Wallmark's Tenure
Since joining Telia Lietuva's Board in April 2018, Wallmark has contributed significantly to the company. Acting on behalf of Telia Company AB, which holds a substantial 88.15 percent share of Telia Lietuva, she has been integral to the governance and strategic guidance of the firm. Her leadership in the Audit Committee has been particularly impactful during her term.
Implications of the Resignation
The upcoming Board meeting at Telia Lietuva is set to address Wallmark's resignation by appointing a new member and Chair for the Audit Committee. This is an essential step to ensure continuity in oversight and governance. With the Audit Committee comprising three members, including two independent members, the transition is vital for maintaining the committee's effectiveness.
Future Governance at Telia Lietuva
As Telia Lietuva prepares for this change, it is important to note that the current two-year term of the Company’s Board is scheduled to end on 27 April 2025. This factor emphasizes the evolving corporate structure and the need for strong leadership moving forward. The company is committed to selecting a successor who can uphold the high standards established under Wallmark’s leadership.
Contact Information
For further inquiries regarding this transition, interested parties can reach out to Darius Džiaugys, Head of Investor Relations at Telia Lietuva. He is available via phone at +370 5 236 7878 or through email at darius.dziaugys@telia.lt.
Frequently Asked Questions
Who is Agneta Wallmark?
Agneta Wallmark was a member of Telia Lietuva’s Board and Chair of the Audit Committee, effectively contributing to corporate governance.
When did Agneta Wallmark resign?
Her resignation became effective on 20 September 2024, as she prepares for retirement.
What will happen after Wallmark's resignation?
The Board will elect a new member and Chair for the Audit Committee during the upcoming meeting.
How has Wallmark's tenure been at Telia Lietuva?
Wallmark joined the Board in April 2018 and has been a key player in shaping the company’s strategic direction.
Who can I contact for more information?
For inquiries, you can contact Darius Džiaugys at Telia Lietuva via phone or email for any additional information.
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