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About us

Board

The fully state-owned EPSO-G holding's governance structure consists of the General Meeting of Shareholders, the Board and the Management represented by Chief Executive Officer. The Board is elected by the General Meeting of Shareholders represented by the sole shareholder Ministry of Energy of the Republic of Lithuania.

The Board supervises the performance of the EPSO-G holding company, its management and organization on behalf of the shareholder and determines the group's strategy in line with the goals and targets set in the Shareholder's Letter of Expections.

The Management, represented by Chief Executive Officer, in its turn, has responsibility for the EPSO-G day-to-day operations in efficient, transparent and accountable manner. 

The Board and Management are separate bodies, and no person serves as a member of both.

The Board meets approximately each month of the year. The Board holds strategy sessions twice a year to assess the implementation progress of goals set by the shareholder. The Board of EPSO-G is appointed for four year term which started in March 2023. The Board of EPSO-G currently consists of four members.

Guidelines for determining remuneration for activities in the corporate bodies of EPSO-G and EPSO-G
group of companies 

Matrix of the EPSO-G' Board competences

 

Robertas Vyšniauskas

Chair of the Board, Independent member

Chair of the Board from February 2022 to 20 March 2023, re-elected from April 2023, an independent member of the Board from 24 March 2023, as well as from 20 March 2019 to 20 March 2023.  

Education: Mykolas Romeris University, Master’s of Law

Other positions:

  • Chair of the Board at Vilniaus Vystymo Kompanija UAB
  • Audit committee member at Vilniaus Vystymo Kompanija UAB
  • Associate professor at Vilnius University Business school
  • Chair of the Supervisory Council at KN Energies
  • Member of the Audit Committee at KN Energies
  • Member of the Nomination and Remuneration Committee at KN Energies

Experience:

R. Vyšniauskas has gained experience in strategy and business development as a member of the collegial bodies of various state-owned enterprises, including EPSO-G and KN Energies. Until December 2024, he headed the company Valstybės investicinis kapitalas. R. Vyšniauskas is also a corporate governance, legal, and tax consultant, as well as an associate professor at Vilnius University Business School.

Robertas Vyšniauskas on Linked In 

R. Vyšniauskas has no shareholdings in companies of EPSO-G group.
     
 

Rasa Balevičienė

Independent member

Independent member of the Board from 18 September 2024               

Education:

  • Vilnius University’s Vilnius International School, Master in Management and Business Administration
  • Baltic Institute of Corporate Governance, studies of a professional council and board members

Other positions: independent member of the Board at a financial start-up Nium                

Experience:

R. Balevičienė has experience in the fields of finance and investment. Previously, R. Balevičienė held the positions of CEO and Chair of the Board at two life and non-life insurance companies, Swedbank P&C Insurance AS and Swedbank Life Insurance SE, operating in Lithuania, Latvia, and Estonia. She also served as Chief Financial Officer at AB Hansabankas and was the Director of the Financial Reporting and Accounting Department and Chief Accountant at AB Swedbank.

Rasa Balevičienė on Linked In 

R. Balevičienė has no shareholdings in companies of EPSO-G group.
     
 

Liudas Liutkevičius 

Independent member

Independent member of the Board from 24 March 2023                       

Education: Vilnius University, Master in International Finances.

Other positions: Managing Partner at INVL Renewable Energy Fund I

Experience:

L. Liutkevičius has experience in leadership and work in the energy sector as an expert in infrastructure and technology transformation. L. Liutkevičius has been CEO of Energijos Skirstymo Operatorius (ESO) and the former Lietuvos Dujos, and has worked in executive teams, boards, and supervisory boards of other energy supply, transmission, and distribution companies. Currently, L. Liutkevičius is an executive partner at "INVL Renewable Energy Fund I."     

Liudas Liutkevičius on Linked In

L. Liutkevičius has no shareholdings in companies of EPSO-G group.
     
 

Dainius Bražiūnas

Member of the Board

Member of the Board from 24 March 2023, as well as from 20 March 2019 to 20 March 2023

Education: Vilnius Gediminas Technical University, Bachelor in Energy Sciences

Other positions:

  • Head of Energy Security Group at the Ministry of Energy of the Republic of Lithuania
  • President of the association Koturnos

Experience:

D. Bražiūnas has extensive experience in the implementation of strategic energy projects and national energy security policy at the Ministry of Energy, as well as serving on the collegial bodies of strategic energy companies under the Ministry’s supervision. Currently, D. Bražiūnas is the Head of the Energy Security Group at the Ministry of Energy.

D. Bražiūnas has no shareholdings in companies of EPSO-G group.
     
 

Dovilė Kavaliauskienė

Member of the Board

Member of the Board from 29 April 2025

Education: 

  • Baltic Institute of Corporate Governance, corporate governance training for public sector representatives
  • Vilnius University, Master of Laws

Other positions:

  • Ministry of Energy of the Republic of Lithuania, Head of Legal and Personnel Group

Experience:

D. Kavaliauskienė has many years of experience in the legal field at the Ministry of Energy. She specializes in legislation, human resources management, public procurement coordination, state-owned enterprise issues, and representation in courts and institutions. Currently, D. Kavaliauskienė is the Head of the Legal and Personnel Group at the Ministry of Energy.

Dovilė Kavaliauskienė on LinkedIn

D. Kavaliauskienė has no shareholdings in companies of EPSO-G group.
Last updated: 07-08-2025