New Management Board Selection Process Announced
AB “Ignitis grup?” has made the exciting decision to begin a public selection process for its new Management Board. This initiative comes as the current Management Board's term is nearing its end, paving the way for fresh leadership that will officially take office by 25 March 2026.
Why a New Management Board?
The Group recognizes the importance of appointing a new Management Board to continue driving its strategic objectives and operational excellence. With the current Management Board's term expiring, it’s crucial to attract candidates with diverse skills and innovative ideas, ensuring the organization's vision remains forward-focused.
Application Process and Requirements
Candidates seeking to apply for these vital roles within the organization are encouraged to submit their applications by 5 January 2026. Comprehensive job advertisements detailing the essential qualifications are available on the Group’s official website. This transparency ensures that potential candidates can align their skills with the expectations set forth by the Group.
Key Positions Available
Among the positions open for application is the role of Chair of the Management Board and CEO. Candidates interested in this pivotal leadership role need to possess robust managerial skills and visionary leadership qualities.
Competency Profiles for Critical Roles
The selection also includes crucial competency profiles for several significant roles, namely: Group Chief Organisational Development Officer, Group Chief Financial Officer, Group Chief Commercial Officer, and Group Chief Regulatory Officer. These roles are integral to ensuring that the Group stays competitive in a rapidly evolving market landscape.
The Role of Pedersen & Partners
To facilitate this thorough selection process, AB “Ignitis grup?” has engaged the executive search agency, Pedersen & Partners UAB. Their expertise will be invaluable in ensuring that the selection process identifies the most qualified candidates to lead the Group into its next phase of growth and success.
Continuity and Business Operations
The Group understands the importance of business continuity during this transitional phase. In light of this, the Supervisory Board has elected to extend the current Management Board's term until the Annual General Meeting of Shareholders in 2026, scheduled for 25 March 2026. This decision allows ample time for a thorough selection of the new board members and guarantees the continued smooth operation of the Group.
Responsibilities of the New Management Board
The newly appointed Management Board will consist of five members, each nominated for a four-year term by the Supervisory Board. These members will not only be responsible for executing the Group's strategic initiatives but also for overseeing various sectors, including Strategy and Management, Finance, People & Business Support, Energy Markets & Commerce, and Government Relations. Additionally, they will supervise the operations of the Group’s subsidiaries.
Future Communications
As the selection process progresses, AB “Ignitis grup?” is committed to keeping all stakeholders informed. Updates regarding the selection of the Management Board members will be communicated in accordance with legal guidelines, maintaining transparency throughout.
Contact Information
For additional inquiries, please reach out:
Communications
Valdas Lopeta
+370 621 77993
Email: valdas.lopeta@ignitis.lt
Frequently Asked Questions
What positions are available in the new Management Board selection?
Positions include Chair of the Management Board and CEO, along with various other critical roles within the organization.
What is the deadline for applications?
The application deadline for interested candidates is 5 January 2026.
Who is conducting the selection process?
The executive search agency Pedersen & Partners UAB has been engaged to help with the candidate selection process.
Why has the current Management Board's term been extended?
The extension was made to ensure business continuity and provides adequate time for selecting the new Management Board.
How many members will the new Management Board have?
The new Management Board will consist of five members, each elected for a four-year term by the Supervisory Board.
