R. Abazorius and T. Daukantas appointed as EPSO-G Board members

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Ramūnas Abazorius, Braitin Fund Manager of and Manager of the company Akmenės laisvosios ekonominės zonos valdymas, and Tomas Daukantas, Head of the Legal and Personnel Group of the Ministry of Energy, were appointed as members of the Board of the energy transmission and exchange companies group EPSO-G. Both new Board members were appointed following the selection process announced earlier this year for the positions of an independent and shareholder delegated Board member.

The 5-member Board of EPSO-G, which commenced its four-year term of office in March 2019, also includes independent members Robertas Vyšniauskas and Gediminas Almantas, as well as Dainius Bražiūnas, Head of the Energy Security Group of the Ministry of Energy, who is a member of the Board delegated by the shareholder. This year, independent member Robertas Vyšniauskas was elected the Chairman of the Board.

“The priorities of the EPSO-G Board remain the consolidation of the Group by expanding its activities and adjusting its business model accordingly, and the development of non-regulated activities, as well as the selection of the CEO for the near future,” said Robertas Vyšniauskas, EPSO-G Board Chairman.

Ramūnas Abazorius is an experienced finance professional who has been working as a fund manager at Braitin since 2020 and manages the company Akmenės laisvosios ekonominės zonos valdymas. Before that, he was Chief Financial Officer of West Timber Group, Member of the Board of Luminor Bank, Head of Baltic Finance and Head of Control Department at DnB NORD Bank. He holds a Master of Finance degree in Finance from Vilnius University, Faculty of Economics.

R. Abazorius was selected for the position of an independent member of the Board following the resignation of Tomis Tumėnas, who took up the position of the Chief Financial Officer of the energy company Gren in December last year and was unable to continue his work in the Board of EPSO-G due to the requirements of the EU Third Energy Package – the separation of generation and distribution activities.

Prior to becoming Head of the Legal and Personnel Group at the Ministry of Energy, T. Daukantas was Head of the Legal Division of the Ministry of Education and Science, and served as the Chancellor of the Ministry. He has also served as Chairman of the Steering Committee of the Education Exchange and Support Fund and Chairman of the Board of the European Social Fund Agency. T. Daukantas holds a Master of Laws degree from Mykolas Romeris University.

T. Daukantas was appointed to the Board member position as a civil servant following the resignation of Gediminas Karalius, who became a Board member of EPSO-G group company Litgrid.

EPSO-G group of companies consists of the management company EPSO-G, Amber Grid, Baltpool, Energy cells, Litgrid and Tetas, and 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.

Last updated: 11-05-2022