On the selection process for the new Supervisory Board term at AB “Ignitis grupė”

Group Overview - The Ministry of Finance of the Republic of Lithuania announced the selection of six independent members for the Group's Supervisory Board, with applications open until 24 July 2025 [1][2] - The current term of the Supervisory Board ends on 25 October 2025, and the selection process is expected to be completed before this date [4] Selection Process - An international selection commission will oversee the candidate selection, comprising representatives from various governmental bodies and an executive search agency [2][3] - Candidates will be evaluated based on general, special, and independence requirements as outlined in the advertisement [3] Supervisory Board Structure - The Supervisory Board will consist of nine members: six independent members and three civil servants appointed by the Ministry of Finance [5] - The Board will establish three advisory committees: the Audit and Risk Committee, the Nomination and Remuneration Committee, and the Sustainability Committee [5] Future Appointments - The selection of civil servants for the Supervisory Board will occur at a later stage, following specific guidelines [6] - The Group will provide updates regarding the selection process in accordance with legal requirements [7]