aA
On 4 August, Šiaulių Bankas AB has received notifications of Algirdas Butkus and Ilona Baranauskienė about their resignation from the Bank’s Management Board members, the bank said in a statement.
Two members of Management Board of Šiaulių Bankas step down
© DELFI / Andrius Ufartas

18 August is the last day of Algirdas Butkus’s term of office as a member of the Management Board and as Deputy of the CEO of the Bank and 30 September is the last day of Ilona Baranauskienė’s term of office as a member of the Management Board and as Head of Legal and Administration Division of the Bank.

At the Bank’s Management Board meeting held on 4 August, Vytautas Sinius, Chief Executive Officer of the Bank, was elected as the Chairman of the Bank’s Management Board and will take up his duties as Chairman of the Bank’s Management Board from 19 August.

“I have been involved in Šiaulių Bankas’ development, challenges and achievements since its foundation. As the Bank celebrates its 30th anniversary, I believe that it is time for a change, and I have taken the decision that now, with the changing shareholder structure, is the right time for a long-planned withdrawing. I welcome the Management Board’s decision to appoint Sinius to the position of Management Board’s Chairman, and I have no doubt that the synergy of our colleagues’ experience and new ideas will be the next stage of the Bank's sustainable growth and development, bringing maximum value to clients and investors,” said Algirdas Butkus.

At the meeting of the Bank’s Supervisory Council held on 4 August, Valdas Vitkauskas was elected as Chairman of the Bank’s Supervisory Council, replacing Arvydas Salda, who had been a member of the Supervisory Council and Chairman of the Supervisory Council of the Bank until 4 August, and who had announced about his resignation on 9 June. In view of the changes in the members of the Bank’s Supervisory Council in 2022, the meeting also reviewed and reconstituted the composition of the committees of the Bank’s Supervisory Council. The 2 newly elected members of the Supervisory Council, T. Okmanas and M. Raila, will take up their duties at the Bank subject to permission issued by the Bank’s supervisory authority.

“On behalf of the entire Bank, we thank the members of the Management Board for their invaluable contribution to the development of Šiaulių Bankas and for their leadership at different stages of its development. Together with the renewed Supervisory Council, we continue to work confidently and, as per usual, we shall inform about the composition of the Bank’s Management Board in a separate notice in accordance with the procedure established by law,” said Vytautas Sinius.

Elta EN
It is forbidden to copy the text of this publication without a written permission from ELTA.

MP: budgetary spending will be rather high next year, but more revenue will be collected as well

Chairman of the Seimas Committee on Budget and Finance Mykolas Majauskas believes the state can handle...

15,000 tons of Ukrainian oil shipped through Klaipeda

A tanker has taken 15,000 tons of Ukrainian sunflower oil out of the Lithuanian port of Klaipeda,...

By 47.1% more residential and non-residential buildings completed

In Q2 2022, 2,493 new residential and non-residential buildings were completed, i.e. by 47.1% more...

Energy Minister: third stage of power market liberalisation will be delayed significantly

Minister of Energy Dainius Kreivys says a number of legislative amendments are planned in order to...

SBA furniture companies sold EUR 191.5mn worth of products

In the first half of this year, the furniture manufacturing companies belonging to the SBA Group sold...

Top news

NATO brigade command element will be stationed in autumn

It was decided in June that the battalion-sized NATO enhanced Forward Presence Battle Group would be...

Priest loses clerical status for sexual abuse of minors

Algirdas Jurevicius, the bishop of Telsiai, northwestern Lithuania, has laicized priest Jonas Kusas...

Energy Minister: third stage of power market liberalisation will be delayed significantly

Minister of Energy Dainius Kreivys says a number of legislative amendments are planned in order to...

Four top-division football players suspected of match-fixing

Four players of FK Jonava, a football club playing in A Lyga, the top division of professional...

15,000 tons of Ukrainian oil shipped through Klaipeda

A tanker has taken 15,000 tons of Ukrainian sunflower oil out of the Lithuanian port of Klaipeda,...