Selection process for the new Management Board of AB “Ignitis grupė” has been announced

Group Overview - The Group "Ignitis grupė" is initiating a public selection process for a new Management Board as the current term is nearing its end, with the new board expected to take office by 25 March 2026 [1][3]. Candidate Selection - Candidates can apply for the Management Board positions until 5 January 2026, with job advertisements and qualification requirements available on the Group's website. The executive search agency Pedersen & Partners UAB is engaged for the selection process [2]. Current Management Board Extension - The current Management Board's term, originally set to end on 17 February 2026, has been extended until the Group's Annual General Meeting of Shareholders on 25 March 2026 to ensure business continuity during the selection process [3]. Management Board Structure - The Management Board consists of five members elected for a four-year term by the Supervisory Board, with the Chair also serving as the CEO of the Group [4]. Responsibilities of Management Board Members - Members of the Management Board are Group employees responsible for implementing the Group's strategy and operations, overseeing five key areas: Strategy and Management, People & Business Support, Finance, Energy Markets & Commerce, and Regulated Business & Government Relations. They also supervise the Group's subsidiaries [5]. Future Communications - The Group will provide further updates regarding the selection of Management Board members in accordance with legal procedures [6].