OREANDA-NEWS. October 27, 2015. Lietuvos energijos gamyba, AB (company code 302648707, registered office at Elektrin?s st. 21, Elektr?nai; the Company), informs that Member of the Company Board and Director of Wholesale Electricity Trade Department Vidmantas Salietis starting from 2 November, 2015, additionally to his position at the Company, is appointed as Chief Executive Officer of the Energijos tiekimas UAB (Energijos tiekimas).

Implementing the value chain development program of Lietuvos energija group the separation of a part of commercial electricity wholesale trade activities performed by the Company is foreseen. Due to that The Company and Energijos tiekimas on 12 October, 2015 signed agreement on sale of commercial part of business of wholesale electricity trade by which Company will transfer its part of business to Energijos tiekimas starting from 1 January, 2016. As it was stated in the announcement on material event on 28 July, 2015, Supervisory Board of Lietuvos energija UAB at its meeting held on that same day approved the nomination of the Companys Board Member Vidmantas Salietis to the post of the Chief Executive Officer of Energijos tiekimas.

This agreement was concluded by implementing the value chain development program of Lietuvos energija Group, including the leaning of the Companys production activities through the separation of a part of commercial electricity wholesale trade activities performed by the Company.