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R. Masiulis will replace Litgrid as director of the company from 2020. October 16 Vidmantas Grušas, Acting General Director, who will continue to serve as Director of the Transmission Networks Department.
According to Algirdas Juozaponis, Chairman of the Litgrid Board of Directors, a competent, demanding and highly courageous professional manager capable of mobilizing employees to proactively pursue the company’s objectives and the National Energy Independence Strategy has been chosen to head this important company for Lithuania.
It is no less important to prepare the infrastructure of the Lithuanian transmission network for the integration of renewable energy sources based on new technologies.
We established three main objectives for the CEO of Litgrid: to ensure the efficient and timely implementation of the projects necessary for synchronous operation with the European electricity transmission networks, thus finalizing the country’s energy security and independence, and to implement all possible measures to prevent unsafe electricity. of Belarus Market of Lithuania.
It is no less important to prepare the infrastructure of the Lithuanian transmission network for the integration of renewable energy sources based on new technologies, thus creating value for the company and the entire energy sector of the country. On behalf of the Board, I would like to thank Vidmantas Grušas for their professional and constructive work to ensure continued implementation of the goals set for the company ”, says A. Juozaponis, Chairman of the Board of Litgrid.
“The success of each project is mainly determined by the people: their professionalism, attitude and ability to take advantage of the opportunities that open up, so I am happy to join the team of professionals at Litgrid. I appreciate the trust placed in me to lead a a company that achieves one of the most important national goals: to ensure the security of the country’s energy system and its integration with the electricity transmission networks of continental Europe, while laying the foundation for future sustainability and modern energy. for achieving the goals set by Litgrid in a timely manner and creating sustainable value for shareholders and society, ”says Litgrid’s appointed CEO.
Luke April / 15min photo / Rock Masiulis
In accordance with good governance, the candidate was assisted by the Litgrid Board of Directors in the selection of the EPSO-G parent nomination and remuneration committee, made up of a majority of independent members. The recruitment and selection agency MPS Baltic was used to ensure transparency and impartiality of the selection. 2020 October 27 15 candidates participated in the selection of the CEO of Litgrid, which began in 2006, in accordance with the conditions known to all and equal qualification requirements, during which interviews were conducted with 11 candidates.
The decision of the Board to appoint R. Masulis as Director General of Litgrid was made after examination of the candidate in accordance with the requirements of the Laws for the Protection of Important Objects to Ensure National Security and Prevention of Corruption.
R.Masiulis is an economist with a degree from Vilnius University and a master’s degree in international relations and political science. 2014-2019 headed the Ministries of Transport and Energy, since 2010. He served as General Director of AB Klaipedos Nafta. R.Masiulis accumulates more than 13 years. auditor experience in consulting and auditing companies.
R.Masiulis is 10 m. experience working in business directories. At the time of his appointment, R. Masiulis was a member of the boards of directors of Vilnius Lyceum and of the financial technology company UAB Connectpay.
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