Appointment of new management board of AUGA group

Appointment of new management board of AUGA group

On 7^th of February, 2017 the Supervisory board of AUGA group appointed new members of the management board.

Marius Žutautas, Vladas Bagavičius and Domantas Savičius, who sold their shares to the controlling shareholder in December 2016, resigned from the management board. Kęstutis Juščius, Linas Bulzgys, Marijus Bakas and Linas Strėlis were reappointed. One new member of the board was appointed - Agnė Jonaitytė, attorney at law, having more than 12 years of  experience in mergers and acquisitions, corporate governance, and banking and finance law.

On 7^th of February, 2017 the new management board of AUGA group was appointed by the decision of Supervisory board. The following members of the board were reappointed: Kęstutis Juščius, controlling 88.13 percent of AUGA group shares through Baltic Champs Group and other companies, Linas Bulzgys, CEO of the company, Marijus Bakas, head of Širvintos unit of Baltic Champs, and Linas Strėlis, investor and member of AB Umega and AB Vilkyškių Pieninė management boards.

Marius Žutautas, Vladas Bagavičius and Domantas Savičius, who sold their shares to the controlling shareholder in December 2016, resigned from the management board. Domantas Savičius temporarily remains in the position of Chief Financial Officer at the company.

Agnė Jonaitytė, attorney at law, having more than 12 years of experience in mergers and acquisitions, corporate governance, and banking and finance law was appointed as new member of the management board. Before joining the management board of AUGA group A. Jonaitytė was associate partner at law firm Valiunas Ellex, and previously worked in other biggest law firms in Lithuania.

„Joining the management board of AUGA group Agnė will strengthen the team with experience, accumulated while working with major local and international mergers. Her expertise in corporate governance and financial regulations will be of great importance for successful development of our business and management of the company“, - claims Kęstutis Juščius, chairman of the management board.

„I would like to thank the previous shareholders and members of the management board for their input in the development of business model of AUGA group. Together we have accomplished a lot and laid the foundation for the future development of our business“, - said K. Juščius.

         Kristina Karnickaitė          UAB „Integrity PR”          Sv. Ignoto g. 5,          Vilnius 01144, Lithuania          M: +370 616 89310          T: +370 5 268 5135          Skype: kristna1          kristina@integrity.lt          www.integrity.lt