The Board of Tetas, an energy infrastructure development and maintenance company belonging to the new energy group EPSO-G, has appointed Ovidijus Martinonis as the company's CEO for a five-year term. The new CEO will take up his duties on September 15.
“We are delighted to welcome Ovidijus to our team. His extensive knowledge and many years of experience in the energy and telecommunications sectors will be invaluable to Tetas as we implement our expansion strategy and unite the team in pursuing new opportunities. In a rapidly changing market, it will be increasingly important to focus on innovation and efficiency,” said Darius Kašauskas, Chairman of the Board of Tetas.
“Over the past twenty years, Tetas has established itself as a reliable partner, contributing to Lithuania’s most important energy independence projects and ensuring system reliability. With the energy sector undergoing rapid transformation, we will continue to strengthen our team’s competencies, drive innovation, and explore new avenues for growth. Our goal is to be the leader in our field,” said Ovidijus Martinonis.
In compliance with the highest transparency requirements and good governance practices, the EPSO-G Nomination and Remuneration Committee, consisting of independent members, and the professional international recruitment company AIMS International Lithuania assisted the Tetas Board in selecting the candidate in a publicly announced competition.
Ovidijus Martinonis has more than 15 years of experience in the energy and telecommunications sectors. For the past seven years, he has led the Network Development Department at Energijos Skirstymo Operatorius (ESO), having previously served as Director of the Metering Management Department and as a member of the company’s Board from 2018 to 2023. Martinonis holds a Master’s degree in Telecommunications and Electronics from Kaunas University of Technology.
EPSO-G owns 100% of the shares in Tetas. Group consists of the management company EPSO-G and six directly owned subsidiaries – Amber Grid, Baltpool, Energy cells, EPSO-G Invest, Litgrid and Tetas. EPSO-G and its Group companies also hold shares in GET Baltic, Rheinmetall Defence Lietuva, Baltic RCC OÜ and TSO Holding AS. The rights and obligations of the sole shareholder of EPSO-G are exercised by the Ministry of Energy of the Republic of Lithuania.