Strategic Appointment of Independent Board Member at KN Energies

Author: Owen Jenkins Updated: 04-07-2025 03:17 AM

Strategic Leadership at KN Energies

In a significant step towards enhancing corporate governance, AB “KN Energies” has announced the election of Gediminas Almantas as an independent board member. This decision was made by the Supervisory Council of the Company, marking a pivotal moment for the organization.

Board Composition and Changes

Mr. Almantas will assume his role on the board starting from April 11, 2025, smoothly taking over duties left by Edvinas Katilius, who resigned effective December 31, 2024. This change comes as part of the Company’s commitment to maintaining a balanced and independent governance structure.

Current Board Status

The current composition of the Board now includes four active members, three of whom hold independent status. According to Article 12.1 of the Company’s Articles of Association, the Board is structured to consist of five members. This governance model aims to foster oustanding decision-making and oversight.

Importance of Independent Members

Independent board members are crucial for ensuring that the interests of shareholders and stakeholders alike are prioritized. Their role allows for a wider array of perspectives and promotes transparency within the governance framework. With Mr. Almantas's addition, the Board is expected to strengthen its oversight and decision-making processes significantly.

Gediminas Almantas – A Brief Overview

Gediminas Almantas brings a wealth of experience to the KN Energies board. His professional background and expertise are anticipated to contribute positively to the board's dynamics. Understanding the company’s strategic direction will become even clearer with his insights.

Contact Information for Inquiries

For further inquiries regarding this appointment or other corporate matters at KN Energies, please reach out to:

Chief Corporate Affairs Officer, Jurgita Šilinskait?-Venslovien?
Email: j.vensloviene@kn.lt
Phone: +370 46 391772

Frequently Asked Questions

What role does an independent board member play?

Independent board members help ensure that the interests of all stakeholders are accounted for, fostering transparency and unbiased decision-making.

Why is the departure of Edvinas Katilius significant?

His resignation opened a position that allows for new perspectives on the board, promoting effective governance and oversight.

Who is Gediminas Almantas?

Gediminas Almantas is a new independent board member with substantial industry experience poised to enhance the board’s effectiveness.

How does the Board's composition affect KN Energies?

A diverse and independent board can lead to better strategic decisions and increased stakeholder trust.

Where can I find more information about KN Energies?

For detailed updates and information, visit the official website or contact the Chief Corporate Affairs Officer.

About The Author

Hi there I'm 38-year-old author and financial consultant Owen Jenkins. Having worked in the financial sector for more than ten years, I am well-versed in the subtleties and complexity that mold our financial environment. Following a degree in finance, I worked in a number of financial institutions honing my abilities in market analysis, financial planning, and investment strategies.

My love is teaching others about investing and personal finance. My goal in writing many books and articles has been to demystify financial ideas and give readers the information they need to make wise financial decisions. I write with a direct, useful style that emphasizes doable suggestions for daily living.

Along with writing, I lead webinars and seminars where I impart knowledge on how to successfully negotiate the financial world. I also write for financial journals and show up as a guest expert on financial news programs a lot. Whether they are new to investing or want to improve their approach, my mission is to enable people to take charge of their financial futures.

Beyond work, I like to hike, play the guitar, and spend time with my family. I think that balance is crucial and want to encourage people to strike a balance between their financial aspirations and their hobbies. I want to help people succeed and achieve financial security through my work, so having a good influence.

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