New Leadership and Committees Established at Ignitis Group
New Leadership at Ignitis Group
AB “Ignitis grup?” has recently made significant changes in its executive leadership by electing Alfonso Faubel as the Chair of its Supervisory Board. This decision marks the beginning of a new phase for the Group, dedicated to delivering sustainable energy solutions.
Alfonso Faubel's Profile
Alfonso Faubel brings with him an impressive 36 years of experience across various industries, including energy, digitalization, and automotive. His extensive background has equipped him with the expertise necessary for turning businesses around and enhancing operational efficiency. Notably, he has spent over a decade focusing on the energy sector, specifically in renewable energy sources like onshore and offshore wind.
Experience in Leading Firms
Before taking on this role, A. Faubel held significant positions at global giants like Siemens Gamesa and Alstom/GE. During his tenure at Alstom/GE, he played a crucial role in launching operations in 16 new markets, demonstrating his capability to drive expansion and innovation.
Vision for Ignitis Group
In his acceptance statement, Faubel expressed his gratitude for the trust placed in him and emphasized the Group's commitment to establishing a completely green and secure energy ecosystem in Lithuania. The Supervisory Board, including its new members, is prepared to reinforce its role as a supportive partner in achieving these ambitious objectives.
Structure of the Supervisory Board
The Supervisory Board is comprised of nine members—six independent members and three appointed civil servants. This diverse structure is designed to enhance governance and ensure a mix of perspectives in decision-making processes.
Committees Formed for Enhanced Governance
On the same day as the election, the Supervisory Board also established several committees to oversee critical areas of the organization. These committees are fundamental to the Group's operations, ensuring effective resource allocation and strategic focus.
Audit and Risk Committee
The Audit and Risk Committee is vital for maintaining financial integrity and managing risks. Members of this committee include Judith Buss as Chair, along with Sian Lloyd Rees, Ingrida Muckut?, and Alfonso Faubel himself.
Nomination and Remuneration Committee
This committee aims to oversee the nomination process for board members and evaluate remuneration packages. Lorraine Wrafter chairs this committee, supported by Jutta Dissen and Aušra Vi?ka?kien?.
Sustainability Committee
With a strong focus on environmental and social governance, the Sustainability Committee is led by Tim Brooks along with Lina Liubauskait? and Jutta Dissen. This committee is crucial for aligning the Group’s operations with sustainable practices and ensuring accountability.
Contact Information
For further details on Ignitis Group’s initiatives and developments, interested parties can reach out to:
Communications
Valdas Lopeta
+370 621 77993
valdas.lopeta@ignitis.lt
Frequently Asked Questions
What is the new structure of the Supervisory Board at Ignitis Group?
The new Supervisory Board consists of nine members, including six independent members and three civil servants.
Who is Alfonso Faubel?
Alfonso Faubel is the newly elected Chair of Ignitis Group’s Supervisory Board, known for his extensive experience in the energy sector.
What committees were formed?
The Supervisory Board formed three key committees: Audit and Risk Committee, Nomination and Remuneration Committee, and Sustainability Committee.
What is the focus of Ignitis Group's sustainability efforts?
Ignitis Group is committed to creating a green and secure energy ecosystem in Lithuania, emphasizing sustainability and accountability.
How can I get more information about Ignitis Group?
Interested individuals can contact Valdas Lopeta via email or call the provided number for further information on their initiatives.
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