Riga, 2016-12-16 15:04 CET (GLOBE NEWSWIRE) -- In accordance with the Law On Governance of Capital Shares of a Public Person and Capital Companies, and with guidance from the OECD, the Supervisory Board of Latvenergo AS has been established to enhance efficiency of public assets’ management.
The first meeting of the Supervisory Board also took place today, electing Andris Ozoliņš as Chairman of the Supervisory Board and Andris Liepiņš as Deputy Chairman.
Andris Liepiņš – work experience includes: 2014–2016 – Chairman of the Management Board at Starptautiskā lidosta “Rīga” VAS; 2011–2014 – Chairman of the Supervisory Board at Air Baltic Corporation AS; 2001–2014 – Deputy State Secretary at the Ministry of Economics.
Andris Ozoliņš – work experience includes: from 2016 – Member of the Supervisory Board at Baltic International Bank AS; 2013–2014 – Member of the Supervisory Board at Reverta AS; 2013 – member of the Supervisory Board at Kredītinformācijas birojs AS.
Baiba Rubesa – work experience includes: from 2015 – Chairperson of the Management Board, Chief Executive Officer at RB RAIL AS; from 2014 – owner and Chairperson of the Management Board at RFactory SIA; 2012–2015 – Member of the Supervisory Board at Citadele Banka AS.
Mārtiņš Bičevskis – work experience: from 2016 – Chairman of the Supervisory Board at Valsts Nekustamie īpašumi VAS; from 2012 – Vice President, Member of the Supervisory Board at the Employers’ Confederation of Latvia; from 2011 – Member of the Management Board, President at the Association of Latvian Commercial Banks.
Martin Sedlacky – work experience: since 2012 – member of the Management Board at Air Baltic Corporation AS, Chief Operations Officer; 2006–2013 – project manager at The Boston Consulting Group (Prague, Czech Republic).
The diverse nomination committee in charge of candidate selection and evaluation included representatives of the Ministry of Economics and the Cross-Sectoral Coordination Centre, independent experts from the Baltic Institute of Corporate Governance and Latvian Trade Union Energija, and the HR professionals at Fontes Executive Search SIA.
Additional information:
Jānis Irbe
Group Treasurer
Phone: +371 67 728 239
E-mail: investor.relations@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 (lease 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 in Liepaja).