Leadership Changes at Telia Lietuva
Telia Lietuva, AB has announced the resignation of Agneta Wallmark, a prominent member of the Board who has also led the Audit Committee. Her departure comes as she approaches retirement and concludes her career with Telia Company AB, where she notably served as the Head of Group Treasury. This change marks a significant transition for both Wallmark and the organization she has represented.
Agneta Wallmark's Contributions
Since joining the Board of Telia Lietuva in April 2018, Wallmark has made substantial contributions to the company. Representing Telia Company AB, which holds a significant 88.15 percent stake in Telia Lietuva, she has been a key player in guiding the firm’s governance and strategic direction. Her leadership of the Audit Committee has been especially influential throughout her tenure.
Impact of the Resignation
The upcoming Board meeting at Telia Lietuva will focus on addressing Wallmark's resignation by appointing a new member and Chair for the Audit Committee. This is a crucial step to ensure ongoing oversight and governance. The Audit Committee consists of three members, including two independent members, making this transition essential for maintaining the committee's effectiveness.
Looking Ahead for Governance at Telia Lietuva
As Telia Lietuva navigates this change, it’s important to recognize that the current two-year term of the Company’s Board is set to conclude on 27 April 2025. This timeline highlights the evolving corporate structure and the necessity for strong leadership in the future. The company is dedicated to finding a successor who can uphold the high standards established under Wallmark’s guidance.
Contact Information
For more details regarding this transition, interested individuals can reach out to Darius Džiaugys, Head of Investor Relations at Telia Lietuva. He can be contacted by phone at +370 5 236 7878 or via email at darius.dziaugys@telia.lt.
Frequently Asked Questions
Who is Agneta Wallmark?
Agneta Wallmark served on Telia Lietuva’s Board and was the Chair of the Audit Committee, playing a significant role in corporate governance.
When did Agneta Wallmark resign?
Her resignation took effect on 20 September 2024, as she prepares for her retirement.
What will happen after Wallmark's resignation?
The Board will appoint a new member and Chair for the Audit Committee during the next meeting.
How has Wallmark's tenure been at Telia Lietuva?
Joining the Board in April 2018, Wallmark has been instrumental in shaping the company’s strategic direction.
Who can I contact for more information?
For further inquiries, you can reach out to Darius Džiaugys at Telia Lietuva via phone or email for any additional information.