Management of LTG Link

LTG LINK is part of the Lietuvos geležinkeliai (LTG) group. Lietuvos geležinkeliai is the holding company of the largest Baltic railway group. LTG is responsible for the management of all Group companies. LTG Group, which employs around 9,000 people, aims to become the region's mobility leader and to create the greatest possible value for its shareholder, i.e. the Lithuanian people. LTG Group consists of the main subsidiaries LTG Infra, LTG Cargo, LTG Link and GTC. The Group is one of the country's major employers.

You can find more information on the management of the LTG Group here.

The Articles of Association provide for the following bodies of the Company:

• General Meeting of Shareholders;

• Board of Directors;

• Manager (CEO).

The General Meeting of Shareholders is the supreme governing body of the Company. The competence of the General Meeting of Shareholders, the procedure for convening and adopting decisions are laid down in the Law on Companies, other legal acts, as well as in the Articles of Association of the Company. The sole shareholder of UAB LTG Link is AB Lietuvos geležinkeliai, which takes the main decisions related to the implementation of ownership rights and obligations.

During the reporting period, the shareholder's property and non-property rights were not restricted and there were no special rights for the shareholder.

The Board of Directors is a collegial management body as defined in the Company's Articles of Association, which during the reporting period consisted of 5 members, 2 of whom are independent, 1 is a civil servant and 2 are delegated by the shareholder. The members of the Board of Directors are elected by the General Meeting of Shareholders for a term of 4 years. The Board of Directors elects the Chairperson of the Board of Directors from among its members. The same person may not be elected as a member of the Board of Directors for more than two consecutive terms. The Board of Directors is accountable to the General Meeting of Shareholders of the Company.

The competence of the Board of Directors is in line with the competence of the Board of Directors as set out in the Law on Companies and other laws, and additional competences of the Board of Directors are set out in the Articles of Association of the Company.

The term of office of the Board of Directors is from 23 January 2023 to 23 January 2027.

None of the members of the Board of Directors holds shares in LTG Group companies.

During the reporting period, 7 meetings of the Board of Directors were held.

AURELIJA KAZLAUSKIENĖ – independent member of the Board of Directors, Chairperson, in office as a Member of the Board of Directors from 23 January 2023, in office as Chairperson of the Board of Directors from 2 February 2023.

Education:

• Baltijos vadybos institutas (BMI), EBMA.
• Leadership Development Programme graduate;
• ISM University of Management and Economics, EBMA;
• Vilnius University, Master of Management and Business Administration;
• Vilnius University, Bachelor of Management and Business Administration.

Main workplace, position:

• Director of Strategy, Customers and Marketing of AB Lietuvos draudimas and Member of the Board of Directors, J. Basanavičiaus g. 12, Vilnius, legal entity code 110051834

AISTĖ GASIŪNIENĖ – member of the Board of Directors, civil servant, in office since 23 January 2023.

Education:

• Vilnius Gediminas Technical University, Bachelor of Management and Business Administration;
• Vilnius Gediminas Technical University, Master of Management and Business Administration.

Main workplace, position:

• Senior Adviser, Future Mobility Policy Group, Ministry of Transport and Communications of the Republic of Lithuania, Gedimino Ave. 17, Vilnius, legal entity code 188620589.

VIKTORAS BACHMETJEVAS – independent member of the Board of Directors, in office since 23 January 2023.

Education:

• Vytautas Magnus University, Doctor of Science (PhD);
• University of Leuven, Master of Philosophy (MPhil).

Main workplace, position:

• Associate Professor, Department of Philosophy, Vytautas Magnus University, V. Putvinskio st. 23, Kaunas, legal entity code 111950396.

IRMANTAS BERŽAUSKAS – member of the Board of Directors delegated by the shareholder, in office since 23 January 2023.

Education:

• Rīgas Ekonomikas augstskola – Stockholm School of Economics in Riga, EMBA Master's degree.

Main workplace, position:

• Chief Legal & Governance Officer, AB Lietuvos geležinkeliai, Geležinkelio st. 16, Vilnius, legal entity code 110053842.

ANDREJ KOSIAKOV – member of the Board of Directors delegated by the shareholder, in office since 23 January 2023.

Education:

• Vilnius University, Master of Management and Business Administration.

Main workplace, position:

• Director of Finance, AB Lietuvos geležinkeliai, Geležinkelio st. 16, Vilnius, legal entity code 110053842.

Changes in the composition of the Board of Directors during the reporting period:

• Daiva Pivoriūnienė served as a member of the Board of Directors until 10 January 2023;
• The new Board of Directors took office on 23 January 2023.

Evaluation of the performance of the Board of Directors:

• An evaluation of the performance of the Board of Directors was carried out on 1 June 2023.

KRISTINA MEIDĖ – Kristina Meidė appointed CEO of LTG Link as of 1 February 2024.

Education:

• 1991–1997 – Vilnius University Kaunas Faculty of Humanities.
  
  

Previous professional experience:

• Before joining LTG Link, K. Meidė was the CEO of the Lithuanian Red Cross Society, the CEO of Maxima LT retail chain, the Head of Eurovaistinė pharmacy chain in Lithuania and Euroapotheca operating pharmacy chains in Lithuania, Latvia, Estonia and Poland, the Head of the Southern Region of Swedbank.