Darius Maikštėnas has an extensive experience as a top-level executive with international experience in energy, telecommunications, IT, venture capital sectors.

Darius was elected as CEO of Ignitis Group and Chair of the Management Board in February 2018. During his tenure, structural reforms were implemented by discontinuing and divesting non-core activities and streamlining operations. Also, the Group rebranded, enabled Green Generation development and developed new business models such as a world first national remote solar power plant platform.

One of the major changes in Ignitis Group during Darius’s tenure was preparing companies for transitioning from a local monopoly to a competitive customer-oriented regional player.

Also, in 2020, an IPO was implemented, during which the company secured EUR 450 million and became the largest and the most liquid public listed company in the Baltic states. More than 60% revenue growth and more than 40% adjusted EBITDA growth, a rapid business development in Finland and Poland were achieved over three years of Darius’s tenure. During this period, Ignitis Group established itself in the Baltic region as a rapidly growing, international group of sustainable energy.

Additionally, during Darius’s term of office, Ignitis Group has committed to reach net zero CO2 emissions by 2050 and became the first Lithuanian capital company to have its emissions targets approved by the Science Based Targets initiative (SBTi), received ‘AA’ ESG rating from MSCI, an ESG ratings leader, as well as an international Top Employer certificate.

Darius earned bachelor’s degree in business administration at Kaunas University of Technology, later he earned an Executive MBA degree at Baltic Management Institute. Additionally, he completed a General Manager Program at Harvard Business School, dedicated for CEOs.

Darius brings strategic thinking and emission-reduction-oriented mindset to Ignitis Group by repurposing Group development towards Green Generation, digitalisation and expansion of commercial activities.

Darius Maikštėnas owns 3 000 shares of Ignitis Group.

Darius Maikštėnas has an extensive experience as a top-level executive with international experience in energy, telecommunications, IT, venture capital sectors.

Darius was elected as CEO of Ignitis Group and Chair of the Management Board in February 2018. During his tenure, structural reforms were implemented by discontinuing and divesting non-core activities and streamlining operations. Also, the Group rebranded, enabled Green Generation development and developed new business models such as a world first national remote solar power plant platform.

One of the major changes in Ignitis Group during Darius’s tenure was preparing companies for transitioning from a local monopoly to a competitive customer-oriented regional player.

Also, in 2020, an IPO was implemented, during which the company secured EUR 450 million and became the largest and the most liquid public listed company in the Baltic states. More than 60% revenue growth and more than 40% adjusted EBITDA growth, a rapid business development in Finland and Poland were achieved over three years of Darius’s tenure. During this period, Ignitis Group established itself in the Baltic region as a rapidly growing, international group of sustainable energy.

Additionally, during Darius’s term of office, Ignitis Group has committed to reach net zero CO2 emissions by 2050 and became the first Lithuanian capital company to have its emissions targets approved by the Science Based Targets initiative (SBTi), received ‘AA’ ESG rating from MSCI, an ESG ratings leader, as well as an international Top Employer certificate.

Darius earned bachelor’s degree in business administration at Kaunas University of Technology, later he earned an Executive MBA degree at Baltic Management Institute. Additionally, he completed a General Manager Program at Harvard Business School, dedicated for CEOs.

Darius brings strategic thinking and emission-reduction-oriented mindset to Ignitis Group by repurposing Group development towards Green Generation, digitalisation and expansion of commercial activities.

Darius Maikštėnas owns 3 000 shares of Ignitis Group.

Dr. Živilė Skibarkienė is a professional in law and organisational development with extensive experience as a top-level executive. Živilė joined Ignitis Group Management Board in February 2018.

After Živilė became the Management Board Member and Group Head of Organisational Development, the Group experienced transformations in Group governance, a matrix management model was implemented, also the management of the internal Group service centre, which provides IT and all business support services, was optimised and the best international practices for such centres were applied. The programmes of digitalisation and operational excellence are successfully continued within the Group.

Also, a lot of focus was put on employee wellbeing, and it was reflected in receiving a Top Employer (the Netherlands) certificate for the first time in 2022, which confirms the compliance of Group people processes and practices with international level standards.

During Živilė’s tenure at the Management Board of Ignitis Group, the employee Net Promoter Score improved from 9% (Q1 2019) to 58% (Q3 2021) while the Group itself received various top awards in the areas of employee wellbeing and corporate governance.

In order to improve work environment and streamline work, employees were relocated from several ineffective offices in prestige locations in the capital to a common modern office outside of city centre.

Živilė is a women empowerment enthusiast and, as a mentor, speaker, she participates in innovation rallies, initiatives of start-up ecosystem development.

Živilė is a Supervisory Board Member at Ignitis Gamyba. She also chairs the Management Board of Ignitis Grupės Paslaugų Centras and Elektroninių Mokėjimų Agentūra.

Živilė accumulated management experience in the financial sector. She was the Head of Legal and Administration Division at Šiaulių Bankas. She served as the Deputy CEO and Executive Board Member at Finasta Bank, and in DNB Bank (now Luminor) she was the Head of Compliance.

Živilė earned master’s degree in Law at Vilnius University and defended her PhD in Social Sciences at Mykolas Romeris University. She completed an Oxford Executive Leadership Program at W. Saïd Business School, University of Oxford.

Živilė brings her passion to improve business governance and internal services enabling business by applying the best international practices and a clear orientation towards employee welfare, diversity inclusion and enabling high-achieving teams.

Živilė Skibarkienė owns 300 shares of Ignitis Group.

Areas of supervision

Jonas Rimavičius is a strategic-level finance professional, who has experience in collegial bodies of companies, international capital raising and investment projects.

Jonas works in Ignitis Group for 6 years. Since 2018 his responsibilities as a Group Head of Finance and Investments currently include the majority of financial functions, including M&A, capital market transactions, financial control, strategic planning, investor relations and accounting.

Jonas’s leadership and contributions were paramount to the success of the initial public offering (IPO) – the Group secured EUR 450 million to implement its strategy, contributed towards facilitating local capital markets (after the IPO, the turnover of Nasdaq Baltics has doubled) as well as strengthened its credit rating. He also coordinated the issuing of green bonds of Ignitis Group (2 x EUR 300 million) – these were the first corporate green bonds in the CEE region. While working at the Management Board of Ignitis Renewables, Jonas is successful in developing Green Generation portfolio in Lithuania and abroad.

Before joining Ignitis Group, Jonas accumulated experience in the areas of investment banking and finances while working in international companies such as Swedbank, EY and Telia.

Jonas earned master’s degree in Business Administration at University of Cambridge, and bachelor’s degree in Accounting and Finance at University of Warwick. He has also completed a CFA programme.

When working in a team environment, Jonas brings an open mind, pragmatism based on long-term company goals while motivating others and engaging company’s values.

Vidmantas is a professional with over a decade of experience in top-level positions in the energy sector, who worked at various Ignitis Group companies since 2011.

Vidmantas became a Management Board member and Head of Group Commerce and Services in February 2018. During this period, the electricity sector faced huge changes – one of them was electricity market deregulation. Vidmantas, as a Chair of Ignitis Supervisory Board, spearheaded the management of these changes.

Currently, he also serves as a Chair of Ignitis Gamyba Supervisory Board and Member of Ignitis Renewables Management Board. He previously worked in NT Valdos, Elektroninių Mokėjimų Agentūra, Gamybos Optimizavimas as well as in the Supervisory Board of Ignitis Polska and other Group companies.

He accumulated his management experience while working as the CEO of Energijos Tiekimas. Before that, he led an electricity wholesale trading department at Ignitis Gamyba (was Lietuvos Energijos Gamyba).

Vidmantas Salietis earned bachelor’s degree in Economics and Business Administration at Stockholm school of economics in Riga.

Vidmantas brings his vast experience in the energy sector, knowledge in trading and commerce businesses as well as strategic thinking to Ignitis Group.

Vidmantas Salietis owns 200 shares of Ignitis Group.

Areas of supervision

Mantas is an executive with almost 20 years of experience in various energy sector companies both in regulatory and commercial activities as well as regulatory authority and stakeholder relations, large-scale project management.

Mantas launched his career in Lietuvos Dujos, later he had an internship in German energy group of companies. After returning to Lithuania, he was working in strategic positions at Lietuvos Dujos, where he served as an executive team member and was responsible with investor relations, state authorities and the regulator as well as integration of Lietuvos Dujos into Lietuvos Energija (now Ignitis Group).

Before transitioning to the current position of Head of Business Development at Ignitis Group, Mantas served as a CEO at Lietuvos Dujų Tiekimas (later Lietuvos Energijos Tiekimas), where he was responsible for regulated energy supply acitivites, business development abroad, restructuring of the company and optimisation.

Mantas earned master’s degree in Business Administration and Management at Vilnius University.

Mantas is bringing his extensive and valuable experience as well as an ability to effectively cooperate with key stakeholders, he also has extensive experience as a member of collegial bodies at Ignitis Group companies.

Alfonso Faubel has held executive responsibilities in Siemens Gamesa and Alstom/GE, which are leading players in the global wind power market. When assuming the role of Senior Vice President at Alstom/GE, he contributed towards launching businesses in 16 new markets. Alfonso Faubel is an executive with 34 years of diverse experience in automotive, digitization and energy industries and is valued for his skills in business turnaround, improving operational excellence, working with teams in different cultural environments on assignments worldwide.

Education
Richmond American International University, Bachelor’s degree in Business Administration; INSEAD, Executive Education; London School of Economics, the Landscape of Philanthropy and Social Entrepreneurship.

Other current place of employment, position
None.

Number of shares in parent company
None.

Judith Buss has more than 20 years of experience in various senior leadership positions in the global energy industry and financial markets and has worked internationally in Germany, Norway and the UK. She has significant experience in corporate finance, leading and negotiating large international M&A growth acquisitions, integration processes and organizational and cultural change processes. Judith has held several executive positions at E.ON group, most recently as Chief Financial Officer of E.ON Climate & Renewables. She also has experience in corporate governance serving as a member of several boards of directors in companies operating in Germany, Norway, the UK, Russia and Algeria.

Education
University of Augsburg, Master’s degree in Business Administration (Banking, Finance and Controlling); Leadership Programs at IMD Business School, Lausanne, and Massachusetts Institute of Technology, Boston.

Other current place of employment, position
Member of the Supervisory Board of Uniper SE.

Number of shares in parent company
None.

Lorraine is a global HR director with a specialisation in Organisation Effectiveness (change, culture, M&A, organisation design, reward and talent management), working with boards and executive teams to transform organisations and workforce performance to deliver business value in complex multinational organisations.

Lorraine has more than 30 years of experience in big multinational corporations: CARGILL Inc. and HOLCIM. 

Currently she has her own business, ‘The Problem’ and works on varied projects such as Organisation Transformation, Culture, Team Dynamics, and Coaching. She is also a Board Advisor to a German start-up company HACK - CMP.

Education
Limerick University, Diploma in Business Studies; University West of London, Diploma in Human Resources and Fellow of the Chartered Institute of Personal Development; Leicester University, Master’s degree in Human Resources Management and Development; INSEAD, Diploma in Clinical Organisational Psychology, Executive Masters, Consultancy and Coaching for Change.

Other current place of employment, position
Consultant and owner at “THE PROBLEM”.

Number of shares in parent company
None.

Ingrida is a highly experienced accounting and reporting, financial audit regulation professional with a career of 17 years working at the Ministry of Finance. She started her career in the Ministry of Finance as a Director of Accounting Methodology Department in 2004, where she initiated and led the public sector accounting reform. In 2013, during Lithuania’s presidency in the European Council, she was chairing Working Party on Company Law meetings on Audit Directive and Regulation. From then on, her responsibilities cover chairing the Committee of National Accounting Standards for private and public sectors. She also actively contributes to modernising the national systems of accounting, companies’ insolvency and property and business valuation through proposals of legal initiatives.

Before her career in the Ministry of Finance, she worked as a financial controller at Konica Minolta Baltija and as a senior auditor in Arthur Andersen, and later in Ernst & Young Baltic.

Education
Vilnius University, Master’s degree in Economics, Accounting, Finance and Banking; Uppsalla University (Sweden), Financial Management Programme.

Other current place of employment, position
Director of the Reporting, Audit, Property Valuation and Insolvency Policy Department at the Ministry of Finance of the Republic of Lithuania.

Number of shares in parent company
None.

Aušra has more than 20 years of experience in civil service. For the last 13 years she has been the Director of the Asset Management Department of the Ministry of Finance, previously managed the Financial Services Division of the Ministry's Financial Markets Department, and was the Head of the Loan and Guarantee Supervision Division. In addition to this, Aušra has served on management boards of various state-owned companies: Būsto Paskolų Draudimas, Turto Bankas and Viešųjų Investicijų Plėtros Agentūra, where she was elected as the Chair of the Management Board.

Education  
Vilnius University, Master’s degree in Management and Business Administration; Vilnius University, Bachelor’s degree in Management and Business Administration

Other current place of employment, position
Ministry of Finance of the Republic of Lithuania, Director of Asset Management Department, Valstybės Investicijų Valdymo Agentūra, Member of the Supervisory Board (since 21/10/2020).

Number of shares in parent company
None.

Tim is a senior executive with more than 20 years of experience in sustainable development both as a consultant, and in large corporate entities. Tim has been working at The LEGO Group for 9 years, most recently as a Vice President for Sustainability and regularly contributes to the company’s risk and compliance boards. Tim has valuable experience in communicating on sustainability issues, developing sustainability strategies and working with a broad range of stakeholders to implement industry leading sustainability programmes.

At LEGO Systems, Tim Brooks has worked with KIRKBI, the LEGO Group parent company, to support and coordinate over 700 million USD of funding for renewable energy projects resulting in construction of two offshore wind parks, and delivery of over 50MW of building and ground mounted solar PV for LEGO buildings. He has also launched the ‘Engage2Reduce’ supply chain engagement programme and the 450 million USD LEGO Sustainable Materials programme. Currently, he serves as a Board Trustee of the Global Action Plan and a Board Member of the Honnold Foundation.

Education
University of Sheffield, Bachelor’s degree in Environmental Geoscience;  Imperial College, Master’s degree in Environmental Technology (Energy Policy); Cambridge University, Institute of Sustainability Leadership.

Other current place of employment, position
Vice President, Corporate Responsibility at LEGO System A/S; Board Trustee, the Global Action Plan; Member of the Board, the Honnold Foundation.

Number of shares in parent company
None.