LITHUANIA - AB "Ignitis grupė" (WSE:IGN) has announced the start of a selection process for a new chief executive officer as the second term of current CEO Darius Maikštėnas ends on February 28, 2027.
Lithuanian law prohibits the same person from serving as CEO of a state-owned company for more than two consecutive terms, according to a press release statement. The company initiated the search eight months before the current term expires.
Candidates may submit applications until June 31, 2026. The position carries a five-year term.
The company requires candidates to have at least 7-10 years of senior executive leadership experience, including a minimum of three years as CEO of a large international organization. Applicants must demonstrate experience in delivering large-scale projects and the ability to work with boards, shareholders and external stakeholders.
Preferred qualifications include experience in the energy sector, knowledge of energy markets and regulation, and understanding of energy transition technologies.
Under the Corporate Governance Guidelines of the State-Owned Group of Energy Companies, the Chair of the Management Board serves as the Group’s CEO.
Ignitis grupė operates in the Baltic countries, Poland and Finland. The company describes itself as an integrated energy group in the Baltic region.
