Sources: Masiulis won the Litgrid manager selection



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R. Masiulis himself has not been contacted by BNS lately.

Algirdas Juozaponis, chairman of the LItgrid board, told BNS last week that the selection is being carried out according to schedule: the Appointments and Remuneration Committee of the company’s shareholder, Epso-G, is still working and the directory is waiting for your recommendation.

“We are still waiting for a recommendation. The plan – (publish the manual – BNS) in the first half of February – we follow that plan,” A. Juozaponis told BNS.

The selection schedule stipulates that the board must appoint a new CEO for the company by February 8. According to BNS, the meeting is scheduled for February 8.

The new director of the company was selected by the international recruitment agency MPS Baltic.

15 candidates had submitted applications for Litgrid’s main competition, Litgrid announced.

The company’s board of directors strives for the company to be led by an energetic leader, with international experience and an impeccable reputation, capable of mobilizing and inspiring colleagues to work together to create a sustainable energy future for the company and the country.

R. Masiulis, who lost the position of Minister of Transport and Communications in the summer of 2019, was Minister of Energy in 2014-2016, until the fall of 2014 he headed Klaipedos Nafta – under his leadership a strategic project from Klaipeda Terminal of LNG for the state.

In the fall of 2019, he participated in the contest for the head of Klaipedos Nafta, but without success. Also, last spring R. Masiulis lost the election to the board of the state-owned Ignalina nuclear power plant, but last October he became a board member of Vilnius Heat Networks, Lithuania’s largest district heating company. , and in January of this year member and president of the Risk Committee.

Litgrid’s new director is sought after the board removed long-term CEO Daivis Virbickas on October 16, 2020. He told BNS that the decision to retire was made as much by him as by the desire of the board. to “bring new energy” to the company.

Since October 19, Litgrid has been temporarily led by Vidmantas Grušas, Director of the Transmission Networks Department.

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