Hannu-Matti Mäkinen Takes Lead as Chair of Audit Committee
Hannu-Matti Mäkinen Takes Lead as Chair of the Audit Committee
Recently, a notable leadership change occurred at Telia Lietuva, AB, as Hannu-Matti Mäkinen was elected as the new Chair of the Audit Committee. This shift comes after the previous Chair, Agneta Wallmark, stepped down, coinciding with her upcoming retirement from Telia Company AB.
Background of the New Chair
Hannu-Matti Mäkinen has been a member of the Board of Telia Lietuva since April 2018. He represents Telia Company AB, which holds a substantial 88.15 percent ownership in Telia Lietuva. Alongside his new role as Chair of the Audit Committee, he is also a part of the Remuneration Committee, showcasing his multifaceted contributions to the company.
The Audit Committee's Structure
The Audit Committee of Telia Lietuva is currently composed of three Board members. Among them, two are independent members: Leda Iržikevi?ien? and Mindaugas Glodas. This independent representation emphasizes the Board's commitment to maintaining transparency and accountability in their financial oversight. The Board presently consists of five members, with three representing Telia Company and two serving as independent members.
Looking Ahead: Future Board Composition
According to the company's by-laws, Telia Lietuva is to have a total of six Board members. The ongoing two-year term for the current Board will end on 27 April 2025, which means there are no immediate plans for new Board appointments at this time. This stability may provide a period of consistent governance as the company navigates future developments.
Contact Information
If you have any inquiries, you can reach out to Darius Džiaugys, the Head of Investor Relations, at +370 5 236 7878 or via email at darius.dziaugys@telia.lt.
Frequently Asked Questions
Who is the new Chair of the Audit Committee at Telia Lietuva?
Hannu-Matti Mäkinen has been elected as the new Chair of the Audit Committee.
Why did the previous Chair resign?
Agneta Wallmark resigned as part of her forthcoming retirement from Telia Company AB.
What is Hannu-Matti Mäkinen's role at Telia Company?
He serves as the Chief Legal Counsel for Telia Asset Management.
How many members are on the Audit Committee?
The Audit Committee consists of three members, including two independent directors.
When does the current Board's term end?
The current Board's term is set to expire on 27 April 2025.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
Disclaimer: The content of this article is solely for general informational purposes only; it does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice; the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. The author's interpretation of publicly available data shapes the opinions presented here; as a result, they should not be taken as advice to purchase, sell, or hold any securities mentioned or any other investments. The author does not guarantee the accuracy, completeness, or timeliness of any material, providing it "as is." Information and market conditions may change; past performance is not indicative of future outcomes. If any of the material offered here is inaccurate, please contact us for corrections.