New Management Board of KN starts its four-year term of office
On Monday, April 25th, new Management Board of KN, the operator of liquefied natural gas (LNG) and oil terminals, starts the four-year term of office, KN says in its press release.
There will be four independent members in the Board of KN, who are professionals in the areas of energy, finance, and management: Alfonso Morriello, Edvinas Katilius, Jūratė Lingienė and Guy Mason. They will also be joined by a member of the Board delegated by the shareholder, the Ministry of Energy.
In the outgoing Management Board, the following members were working since the beginning of its term of office: Mantas Bartuška, Dainius Bražiūnas, delegated by a Ministry of Energy, and Giedrius Dusevičius, independent Management Board member, who acted as a Chairman. In addition, to ensure continuity of the Board, the following independent members have been appointed to the Board, replacing the previously resigned members: Guy Mason (from 1 December 2021), replacing Ian Bradshaw, and Edvinas Katilius (from 2 February 2022), replacing Bjarke Palsson.
Pursuant to the Articles of Association of KN, the Board of KN shall consist of 5 members, including the Chair of the Board, where at least at least 3 of them are independent members. The members of the Management Board are elected by the Supervisory Council for the period of 4 years.
