The Board of the energy transmission and exchange company group EPSO-G has decided to extend the selection process of the new CEO of the company. A new CEO who will start the implementation of the transformation of Lithuanian energy as it is determined in the long-term strategy of the Group is expected to be appointed by the end of summer.
The selection of the new CEO has been extended by the Board of EPSO-G having taken into account the significance of EPSO-G in ensuring energy independence of the country.
‘The new CEO will have a highly ambitious role in shaping and implementing the Group‘s strategy and managing any associated changes. This is why we have high expectations of candidates with regards to their experience in best practices of corporate governance, international development and cooperation and innovation‘, said Robertas Vyšniauskas, the Head of the Board of EPSO-G.
The selection follows the resignation of the previous CEO of EPSO-G Rolandas Zukas in the beginning of 2022. The company is currently led by the CFO Algirdas Juozaponis and Tomas Varneckas, the Head of the Infrastructure Department, is responsible for the implementation of strategic projects of the Group, including the installation of Physical barrier on the border with Belarus.
EPSO-G group of companies consists of the management company EPSO-G, its five directly owned subsidiaries Amber Grid, Baltpool, Energy cells, Litgrid and Tetas, and the indirectly controlled GET Baltic. The rights and obligations of the sole shareholder of EPSO-G are exercised by the Ministry of Energy of the Republic of Lithuania.