OREANDA-NEWS. On 01 July 2009 was announced, that at the extraordinary shareholders meeting of Lietuvos Energija AB the previous Management Board was revoked and the new one elected. The newly elected Management Board Members are: Mrs. Aldona Jakutiene, the former Board Member and Chief Financial Officer of Lietuvos Energija AB, Mr. Valdas Bancevicius, Board Member of LEO LT and Technologies Director, Mr. Sarunas Vasiliauskas, Strategic Projects Director and Mr. Aloyzas Koryzna.

"We are strengthening the company‘s management and gathering a team, capable of ensuring the continuity of operations, reliability and development of the transmission system and implementing the requirements of legal acts on further liberalization of the EU energy market“, – says Mr. Rimantas Vaitkus, Chairman of the Management Board of LEO LT, the major shareholder of Lietuvos Energija AB.

The office the Chairman of the Management Board and Chief Executive Officer of the company was assumed by Mr. Aloyzas Koryzna, - a former business consultant in the areas of business processes analysis, expansion in new markets, e-services development for companies, before that – Chief Executive Officer of Ashburn International UAB.

"I understand that recently the situation of our country’s energy sector has been complicated and our strife for strategic goals awaits immense challenges, but I take this offer and I appreciate the confidence placed in me. I trust that my experience in company management, telecommunications and information technologies, academic activities will be useful while managing the company of such significance”, - says Mr. A. Koryzna, the new CEO of Lietuvos Energija AB

During the general shareholders meeting the participation of Lietuvos Energija AB in the construction of the interconnection between electric power systems of Lithuania and the Kingdom of Sweden was also approved, while conducting construction projects of this interconnection and for this purpose entering into a joint venture, consortium or other agreements.

The new Management Board of the company takes office from June 23.

About Mr. Aloyzas Koryzna, Chairman of the Management Board and Chief Executive Officer of Lietuvos Energija

Mr. A. Koryzna, born on January 17, 1956 in Kaunas, graduated from Kaunas Polytechnic Institute, Electrotechnical Faculty, where he specialized in electrical engineering. In 1980-1983 he studied at Moscow Institute of Energy and submitted a dissertation, earning a degree of Doctor of Technical Science, subsequently worked in various positions at Kaunas Polytechnic institute. In the recent years Mr. A. Koryzna took management positions at Lietuvos Telekomas AB, Lintel UAB, Ashburn International UAB. From 2006 he worked as business consultant.