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Pin to quick picksAb Ignitis. S Regulatory News (IGN)

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A. Sungailienė appointed as the new CEO of AB “Ignitis gamyba”

19 Mar 2024 07:00

A. Sungailienė appointed as the new CEO of AB “Ignitis gamyba”

Asta Sungailienė has been appointed as the new CEO of AB “Ignitis gamyba” (hereinafter – the Company), a subsidiary of AB “Ignitis grupė” (hereinafter – the Group). Her five-year term starts on 27 March. She will replace the previous CEO, Rimgaudas Kalvaitis, at the end of his term. 

The CEO-elect of the Company is currently working as the Board Member and Chair of the Remuneration and Nomination Committee at EPSO-G. Her last day at EPSO-G is 26 March. 

“First of all, I would like to thank the previous CEO, R. Kalvaitis, for his consistent work and major role in the development of the Company. Under his leadership, several major projects have been completed, including the major overhaul of unit 7 at Elektrėnai Complex. He also launched strategically significant projects, for example, the construction of the unit 5 at Kruonis PSHP. I am happy to see one expert in his field being replaced with another. Rimgaudas will be replaced by Asta Sungailienė, an executive with extensive managing experience, whose knowledge will ensure the successful continuity of the Company and who will contribute to the purpose of the Group to create a 100% green and secure energy ecosystem for current and future generations,” said Vidmantas Salietis, Chair of the Board of the Company and the Management Board Member of the Group.

A. Sungailienė has over 20 years of experience as a senior executive, mainly in financial and banking areas, venture capital, logistics, energy and production companies. A. Sungailienė held the position of CEO at Lietuvos Paštas from 2018 to 2023. 

“The Group is heavily involved in the green transition of the region, which will have a positive impact on all the Baltic states. This is why I am excited to join the Company and the team. Even though this stage of my career carries many responsibilities, I also see it as a great opportunity to contribute to the development of the Company while creating a sustainable energy sector,” shares the new CEO of the Company, Asta Sungailienė.

The new CEO will ensure an effective continuity of the Company's operations and projects, including the long-term strategic goals of the Company that are currently being implemented.

In total, 32 candidates have participated in the selection. It was conducted by an external recruitment agency, J. Friisberg & Partners.

The Company operates and develops the largest electricity generation capacities in Lithuania and helps ensure the security and reliability of the energy systems in the Baltic and Nordic regions.

For more information, please contact:

Artūras KetleriusHead of Corporate Communications at Ignitis Group Email arturas.ketlerius@ignitis.lt Tel. +370 620 76076

Date   Source Headline
30th Apr 20247:00 amGNWIgnitis Group to present 3M 2024 results and Strategic Plan 2024–2027 on 15 May
15th Apr 20247:06 amGNWIgnitis Group submits bid for the second 700 MW Lithuanian offshore wind tender
3rd Apr 20247:00 amGNWNorne Securities initiated coverage of Ignitis Group
27th Mar 202412:00 pmGNWResolutions of the Annual General Meeting of Shareholders of AB “Ignitis grupė”
19th Mar 20247:00 amGNWA. Sungailienė appointed as the new CEO of AB “Ignitis gamyba”
15th Mar 20247:00 amGNW50 MW Silesia WF I in Poland has reached commercial operation date
13th Mar 20247:00 amGNWIgnitis Group concluded EUR 105 million long-term financing agreement with EIB
28th Feb 20247:17 amGNWNotice on convening the Annual General Meeting of Shareholders of AB “Ignitis grupė”
28th Feb 20247:05 amGNWIntegrated Annual Report 2023: guidance beat, all time high investments and the largest renewable energy projects in the Baltics secured
28th Feb 20247:00 amGNWInterim report for the twelve months of 2023
14th Feb 20247:00 amGNWIgnitis Group to present full-year 2023 results on 28 February
17th Jan 202410:13 amGNWIgnitis Group and CIP win second seabed site in Estonia’s offshore wind tender
22nd Dec 20237:00 amGNWBent Christensen resigns as an independent member of the Supervisory Board of Ignitis Group
14th Dec 20232:00 pmGNWIgnitis Group concluded EUR 64 million financing agreement with EIB and NIB
13th Dec 202310:15 amGNWIgnitis Group and CIP are winners of offshore wind tender in Estonia
12th Dec 20232:00 pmGNWIgnitis group continues to secure short-term funding
28th Nov 20237:00 amGNWIgnitis Group’s financial calendar 2024
21st Nov 20237:15 amGNWFirst nine months 2023 interim report: all time high investments, start of construction of the largest onshore wind farm in the Baltics, and final investment decision taken for the largest solar portfolio in the Baltics
21st Nov 20237:00 amGNWIgnitis Group makes final investment decision for 239 MWp Latvian solar portfolio
14th Nov 20237:00 amGNWIgnitis Group to present 9M 2023 results on 21 November
31st Oct 20237:35 amGNWIgnitis Group completes acquisition of up to 300 MW onshore wind development project in Lithuania
31st Oct 20237:30 amGNWIgnitis Group and Umicore Poland sign a corporate PPA for 137 MW Silesia WF II
24th Oct 20232:00 pmGNWIgnitis Group will conclude EUR 70 million credit line agreement with Swedbank AB
24th Oct 20237:00 amGNWIgnitis Group has retained ‘BBB+’ credit rating
17th Oct 20232:40 pmGNWRegarding Networks segment income level of electricity distribution for 2024
17th Oct 20232:00 pmGNWIgnitis Group continues to secure short-term funding
12th Oct 202310:21 amGNWIgnitis Group confirmed as winners of 700 MW Lithuanian offshore wind tender
3rd Oct 20232:00 pmGNWAB “Ignitis grupė” continues to secure short-term financing instruments
21st Sep 202311:31 amGNWResolutions of the Extraordinary General Meeting of Shareholders of AB “Ignitis grupė”
19th Sep 20237:00 amGNWInternational ESG rating agencies positively rated Ignitis Group’s progress
11th Sep 20238:00 amGNWOn the settlement agreement between UAB Vilniaus kogeneracinė jėgainė and its former contractor Rafako S.A.
6th Sep 20238:00 amGNWUpdate: Regarding the supplementation of the agenda of the Extraordinary General Meeting of Shareholders of AB “Ignitis grupė” and draft resolutions regarding the items set out on the agenda
22nd Aug 20237:40 amGNWNotice on convening the Extraordinary General Meeting of Shareholders of AB “Ignitis grupė”
22nd Aug 20237:00 amGNWFirst six months 2023 interim report: strong performance and significant offshore wind development progress
17th Aug 20232:00 pmGNWRegarding the approved electricity and natural gas WACC for 2024
16th Aug 20237:00 amGNW63 MW Mažeikiai wind farm in Lithuania has reached commercial operation date
1st Aug 20232:00 pmGNWIgnitis Group and Copenhagen Infrastructure Partners entered a partnership to participate in Estonian and Latvian offshore wind tenders
27th Jul 20232:05 pmGNWRegarding the updated Networks WACC methodology
12th Jul 20232:00 pmGNWAB “Ignitis grupė” agreed to invest up to EUR 115 million in the development of an EV charging network in the Baltic states
10th Jul 20232:00 pmGNWIgnitis Group and Ocean Winds are provisional winners in 700 MW Lithuanian offshore wind tender
29th Jun 202311:48 amGNWResolutions of the Extraordinary General Meeting of Shareholders of AB “Ignitis grupė”
27th Jun 20237:38 amGNWIgnitis Group signs an agreement to acquire up to 300 MW onshore wind development project in Lithuania
13th Jun 20232:28 pmGNWUpdate: Regarding the supplementation of the agenda of the Extraordinary General Meeting of Shareholders of AB “Ignitis grupė” and draft resolutions on the items set out on the agenda
23rd May 20237:10 amGNWAB “Ignitis grupė” approved strategic long-term incentive plan targets
23rd May 20237:05 amGNWAB “Ignitis grupė” strategy update and Strategic plan 2023–2026 establish even more ambitious Green Generation and decarbonisation targets
23rd May 20237:00 amGNWFirst three months 2023 interim report: strong results despite lower power prices
11th May 20238:30 amGNWThe Letter of Expectations of the Majority Shareholder has been updated
9th May 20237:00 amGNWIgnitis Group to present 3M 2023 results, Strategy update and Strategic plan 2023–2026 on 23 May
2nd May 20232:00 pmGNWAB “Ignitis grupė” will conclude EUR 225 million financing agreement with MUFG Bank
28th Apr 20237:30 amGNWNotice on convening the Extraordinary General Meeting of Shareholders of AB “Ignitis grupė”

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