Mazeika takes over Leo LT
VILNIUS - Gintautas Mazeika, the CEO of the power distribution grid operator Rytu Skirstomieji Tinklai, has been appointed the head of Lithuania's national energy company Leo LT.Among its other duties, Leo LT was created to act as an investment vehicle for the planned nuclear power plant and other multi-billion-lita energy projects.
Mazeika, 41, on Monday will take over as chairman of the management board and chief executive officer of Leo LT from Rymantas Juozaitis, who resigned from this position earlier this week. Juozaitis had headed the company since its inception nearly five months earlier.
Mazeika, a financial expert and business administrator by profession, took the helm of RST in July after eight years in the insurance business: at Bonum Publicum, a life insurance company of Ukio Banko Investicine Grupe (Ukio Bankas Investment Group), and then as the CEO of the PZU Lietuva insurance company.
Mazeika was chosen from a number of possible candidates, including Vilius Bernatonis, a lawyer with the lawyers' office Sutkiene, Pilkauskas Ir Partneriai, Valdas Bancevicius, the power grid director at RST, and Darius Montvila, deputy CEO of Hanner real estate development group, to the new board of Leo LT
Bernatonis, Bancevicius, and Montvila will hold positions on the company’s supervisory board.
Ramunas Biciulaitis, a member of incumbent Leo LT board and company's CFO, would remain on Leo LT board.
Apart from Biciulaitis and Juozaitis, the outgoing board includes Saulius Specius, a former aide to the prime minister, Dalius Sulga and Egle Dauniene.
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