The Management Board of the Company is a collegial management body of the Company. The competence and the procedure for making the decisions, election of members and their recall from office is prescribed by law, other legal acts, the Company’s Articles of Association, and the Work Regulations of the Management Board.
The Company's Management Board, consisting of five members, is elected and dismissed by the General Meeting of Shareholders for a term of four years, in accordance with the procedures set out in the Company's Articles of Association and the law. The Board shall be accountable to the General Meeting of Shareholders. The Management Board shall elect the Chairman of the Board from among its members.
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MANTAS MIKALAJŪNAS Chair of the Management Board, Head of Regulated Activities at Ignitis Group
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Mantas Mikalajūnas has served as a Member of the Management Board of AB Ignitis gamyba since 14 February 2023 and as Chair of the Management Board since 27 April 2026.
In addition, Mantas Mikalajūnas is Head of Regulated Activities at Ignitis Group. He is a Member of the Management Boards of AB Ignitis Group, UAB Vilniaus kogeneracinė jėgainė and UAB Kauno kogeneracinė jėgainė, and a Member of the Supervisory Board of UAB Ignitis.
With nearly 20 years of experience in the energy sector, Mantas began his career at Lietuvos dujos before spending a year and a half at an energy group in Germany. After returning to Lithuania, he held a number of strategic roles at Lietuvos dujos and was part of the management team responsible for investor relations, engagement with public authorities and the regulator, and the integration of Lietuvos dujos into Lietuvos energija, now Ignitis Group. Before becoming Head of Business Development at Ignitis Group, he served as CEO of Lietuvos dujų tiekimas, later renamed Lietuvos energijos tiekimas.
Mantas Mikalajūnas holds a Master’s degree in Business Administration and Management from Vilnius University.
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EDVARDAS JATAUTAS
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Edvardas Jatautas has served as a Member of the Management Board of AB Ignitis gamyba since 14 February 2023. He is an independent Board Member whose area of expertise is financial management. His current term of office runs until 14 February 2027.
With 20 years of experience in business, finance and investment project management, Edvardas Jatautas currently leads companies he founded that operate in the United States and the Baltic States and specialise in business process optimisation, systems integration and business consulting. Their clients include the U.S. Federal Law Enforcement Training Centers, the United States Senate, as well as companies in the telecommunications, finance and logistics sectors.
At his primary workplace, Addendum Group Inc., Edvardas Jatautas serves as President. He is also Director of UAB Addendum Solutions, CEO of UAB Addendum Pro and a Member of the Management Board of OÜ Addendum EE. Since 2013, he has been a member of the Baltic Institute of Corporate Governance (BICG).
Edvardas Jatautas holds a Master’s degree in Engineering Informatics from Vilnius Gediminas Technical University and a Master’s degree in Management from ISM University of Management and Economics. He has also studied at Harvard Business School.
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VYTENIS KORYZNA Member of the Management Board, Head of Commercial Activities at Ignitis Group
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Vytenis Koryzna has served as a Member of the Management Board of AB Ignitis gamyba since 2 April 2026.
In addition, Vytenis Koryzna is Head of Commercial Activities at Ignitis Group. He is a Member of the Management Boards of AB Ignitis Group and UAB Ignitis renewables, as well as a Member and Chair of the Management Board of UAB Ignitis.
Vytenis Koryzna has more than ten years of experience in renewable energy and strategic leadership, as well as in developing business models for energy management, supply and generation, including solar energy, battery energy storage systems and electric vehicle charging solutions.
Previously, Vytenis Koryzna headed Detra Solar, a company providing technical project development and consulting services to renewable energy developers worldwide. Prior to that, he led the energy solutions company Enefit Lietuva, where he strengthened the company’s market position and introduced innovative energy solutions for businesses and households.
Vytenis Koryzna holds a Master’s degree in Business Administration and Management from the BMI Institute and a Master’s degree in International Business from Vilnius University.
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MINDAUGAS ŠEŠTOKAS Independent Member of the Management Board
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Mindaugas Šeštokas has served as a Member of the Management Board of AB Ignitis gamyba since 14 February 2023. He is an independent Board Member whose area of expertise is organisational development. His current term of office runs until 14 February 2027.
Mindaugas Šeštokas is an experienced business management professional who has spent the past 17 years working for the international Kitron Group. He currently serves as Vice President for Central and Eastern Europe at Kitron ASA.
He is also a Member of the Management Board of UAB Kitron, Head of UAB Kitron Real Estate and a Member of the Management Board of Kitron Sp. z o.o.
Mindaugas Šeštokas holds a Master’s degree in Business Administration from Vytautas Magnus University.
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VILMANTAS VITKAUSKAS Member of the Management Board, Civil Servant
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Vilmantas Vitkauskas has served as a Member of the Management Board of AB Ignitis gamyba since 14 February 2023. He is a civil servant whose area of expertise is business continuity and security. His current term of office runs until 14 February 2027.
Vilmantas Vitkauskas has more than 25 years of experience in public service, NATO and Lithuania’s national defence system. Over the years, he has held various senior positions within NATO and Lithuania’s national defence structures and has also served as Adviser to the President of the Republic of Lithuania on national security matters.
He currently serves as Head of the National Crisis Management Centre at the Office of the Government of the Republic of Lithuania.
Vilmantas Vitkauskas holds a Bachelor’s degree in Political Science from Vytautas Magnus University and a Master’s degree in Law from the Law University of Lithuania.
Chief Executive Officer is the sole management body of the Company. The Chief Executive Officer organises, directs, acts on behalf of the Company and concludes transactions unilaterally, except for cases provided for in legislation and the Articles of Association. The competence of the Chief Executive Officer, election and recalling procedures are established by laws, other legal acts and the Articles of Association of the Company.
The CEO of the Company is elected and removed from office by the Management Board of the Company, considering the opinion of the Supervisory Board of the Company. The competence of the CEO of the Company, the procedure for election and revocation and the number of terms of office is determined by the Law on Companies, its implementing legal acts and the Articles of Association of the Company. It should be noted that the CEO of the Company as a subsidiary of a state-owned enterprise is also subject to the special characteristics of recruitment provided for in the Law on Companies, according to which the term of office of the CEO is limited to a period of five years. The law stipulates that the same person may be elected as the head of the company for no more than two consecutive terms of office.
The remuneration of the CEO of the Company is determined in accordance with the remuneration policy of the group of companies of Ignitis Group and the internal legal acts implementing it.
From March 27, 2024, to March 26, 2029, Asta Sungailienė is the CEO of the company. Information about the director is provided above.
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ASTA SUNGAILIENĖ |
Asta Sungailienė has over 20 years of experience as a senior executive in various fields. She started her managerial career in Vilniaus Bankas, where she worked as a Venture Capital Manager. Later she became CEO of the bank’s subsidiary VB Rizikos kapitalo valdymas.
From 2004 to 2014, Asta worked in various management positions at SEB bankas in Lithuania and Latvia, where she was responsible for the management of financial and banking activities and the implementation of global investment strategies.
Continuing her career, from 2015 to 2018, A. Sungailienė founded Linea Sana, a yoga club promoting healthy lifestyle. From 2018 to 2023, Asta served as CEO of Lietuvos paštas and, most recently, as a Board Member at EPSO-G.
Asta has also contributed to the management of various companies, including Baltic Post, Ad ventum, Sostinių golfas, Jūrės medis, Malsena, Limarko laivininkystės kompanija, Litfarma ir partneriai, Nordic Just&Hytter, where she was a Board Member. She also served as a Board Member at VB Investicijų valdymas, as a Council Chair at Aleksotas and participated in employee mentoring programmes.
Education
Master's Degree in Finance and Banking,
Vytautas Magnus University Bachelor's Degree in Business Administration and Management,
Vytautas Magnus University Study Abroad, Moraine Valley Community College
As of 15 February 2023, the Management Committee of the Company has been established by decision of the Chief Executive Officer of the Company. The competence, convening and decision-making procedures of the Management Committee shall be determined by the Company's Articles of Association and other legal acts governing the Management Committee.
The members of the Management Committee are the employees of the Company whose functions include serving on the Management Committee. The composition, operational guidelines and terms of remuneration of the Management Committee shall be determined in accordance with the procedures laid down by the parent company, subject to the approval of the Management Board of the parent company.
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Asta Sungailienė |
Asta Sungailienė has over 20 years of experience as a senior executive in various fields. She started her managerial career in Vilniaus Bankas, where she worked as a Venture Capital Manager. Later she became CEO of the bank’s subsidiary VB Rizikos kapitalo valdymas.
From 2004 to 2014, Asta worked in various management positions at SEB bankas in Lithuania and Latvia, where she was responsible for the management of financial and banking activities and the implementation of global investment strategies.
Continuing her career, from 2015 to 2018, A. Sungailienė founded Linea Sana, a yoga club promoting healthy lifestyle. From 2018 to 2023, Asta served as CEO of Lietuvos paštas and, most recently, as a Board Member at EPSO-G.
Asta has also contributed to the management of various companies, including Baltic Post, Ad ventum, Sostinių golfas, Jūrės medis, Malsena, Limarko laivininkystės kompanija, Litfarma ir partneriai, Nordic Just&Hytter, where she was a Board Member. She also served as a Board Member at VB Investicijų valdymas, as a Council Chair at Aleksotas and participated in employee mentoring programmes.
Education
Master's Degree in Finance and Banking,
Vytautas Magnus University Bachelor's Degree in Business Administration and Management,
Vytautas Magnus University Study Abroad, Moraine Valley Community College
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ANDRIUS VALIVONIS |
Experience
Valivonis, having 14 years of experience in the field of finance, of which 9 years in the energy sector, joined AB Ignitis Gamyba in 2013. He gained management experience from working as head of various divisions of the company. Since 29 December 2020, he is the Director of Finance and Administration of AB Ignitis Gamyba.
Education
Master’s degree in Economic Analysis and Planning, Vilnius University;
Oxford University, Saïd Business School, Executive Programme.
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DARIUS KUCINAS |
Experience
Since 1995 he worked at the Kaunas Algirdas Brazauskas Hydroelectric Power Plant, initially as shift supervisor and later as head of the Electrotechnical Service. In 2012, he started managing the service of the Combined Cycle Unit belonging to Ignitis Gamyba. Since October 2013, he is the Director of Power generation of Ignitis Gamyba.
Education
Bachelor’s degree in Electrical Energy Engineering, Kaunas University of Technology
The Company belongs to one of the largest energy groups in the Baltic States - AB “Ignitis Grupė”, which owns 100% of the Company's shares.
AB Ignitis Gamyba Articles of Association
Company code: 301844044
VAT payer code: LT100004278519
Date established and register: 28 August 2008, Lithuanian Register of Legal Entities
Head Office and Correspondence address: Laisvės pr. 10, LT-04215 Vilnius, Lithuania
Tel. No. +370 5 278 2222
E-mail: grupe@ignitis.lt
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