Riga, 2015-06-19 14:48 CEST (GLOBE NEWSWIRE) -- Zane Kotāne carried out the duties of the Member of the Management Board and Chief Financial Officer actively, responsibly and with high personal devotion. Results of Z. Kotāne’s work manifest in the successful progress towards achievement of the strategic goals of Latvenergo Group. Among Z. Kotāne’s accomplishments we can also note the issue of bonds as well as her contribution in the improvement of Group’s transparency and good corporate governance practices by ensuring public availability of detailed financial information.
Before her work at Latvenergo AS, Z. Kotāne headed the Unit for Business Analysis and Reporting at the Commercial Department of AirBaltic AS. She has also held the Chief Financial Officer’s position in an international investment group for five years, and before that she worked in an international audit and consultancy company.
The daily operations of Latvenergo AS financial division is ensured by Business Planning and Control, Treasury, Accounting, and Risk Management and Insurance departments headed by experienced employees. These departments perform daily operations, cooperating with departments from other divisions and taking decisions in accordance with the Group’s strategy; they are headed by directors with specific fields of responsibility, subordinated employees and rights of supervising administrative decisions. Thus, attraction of external financial resources and cooperation with creditors and investors are ensured by the Treasury department led by Jānis Irbe. The Director of Business Planning and Control Guntars Baļčūns, in turn, is responsible for the planning, analysis and control of short-term and long-term business results as well as for assessment of investment projects and preparation of management and sustainability reports.
Additional information:
Ivita Bidere
Press Secretary
Phone: +371 67 728 809
E-mail: Ivita.Bidere@latvenergo.lv
About Latvenergo
Latvenergo Group is a pan-Baltic energy company, engaging in electricity and thermal energy generation and supply, electricity distribution services and management of transmission system assets. Latvenergo Group holds one-third of the entire Baltic electricity market, thus ensuring its leadership in the Baltic electricity supply. Latvenergo AS has been acknowledged as the most valuable company in Latvia for several years in a row. International credit rating agency Moody’s has assigned Latvenergo AS an investment-grade credit rating of Baa2/stable.
Latvenergo Group includes the parent company Latvenergo AS (electricity and thermal energy generation and supply) and its subsidiaries Latvijas elektriskie tīkli AS (management of transmission system assets), Sadales tīkls AS (electricity distribution), Elektrum Eesti OÜ (electricity supply in Estonia), Elektrum Lietuva UAB (electricity supply in Lithuania), Enerģijas publiskais tirgotājs AS (administration of electricity mandatory procurement process) and Liepājas enerģija SIA (electricity and thermal energy generation and supply), as well as Elektrum Latvija SIA (electricity supply), a subsidiary of Elektrum Eesti OÜ.