Ignitis authorizes the formation of a new supervisory board

Five members have worldwide expertise, and two are from the group’s largest shareholder.

During the Ignitis Group’s extraordinary general meeting of shareholders, the renewables developer approved a new supervisory board.

It will be made up of five international-experienced independent members and two representatives from the group’s largest stakeholder, the Lithuanian finance ministry.

For the first time in the organization’s history, women make up the majority of the supervisory board, with four of the seven members being women.

Alfonso Faubel (pictured), who was onshore CEO at Siemens Gamesa from 2019 to 2020, Tim Brooks, Bent Christensen, and Judith Buss, who served in the previous term of office, are the four new members of the supervisory board.

All of them have substantial expertise in the energy business, particularly in renewable energy.

Lorraine Wrafter, the other independent member, is an experienced organizational development and human resources director.

The specialists from the Ministry of Finance, Aurra Vickackiene and Ingrida Muckute, were chosen to represent the majority shareholder.

Each supervisory board member will be in charge of a separate aspect of the group’s operations.

Renewable energy will be Faubel’s responsibility, while organizational development will be Wrafter’s, sustainable development and risk management will be Brooks’, strategic management and international development will be Christensen’s, and financial management will be Buss’.

At its next meeting, the supervisory board will elect the Chair from among its members.

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