AB „Ignitis grupė“ (hereinafter – Ignitis Group) informs that the members of the Board of its subsidiary Energijos skirstymo operatorius (ESO), having assessed the need for changes at the Board level, have announced their resignation as of 30 September 2026. The term of office of the current ESO Board was due to end on 13 February 2027
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“The members of ESO’s Board made personal decisions to step down in order to accelerate the company’s ability, with a new Board, to attract more competencies focused on grid resilience and business continuity, and to reduce the current tension surrounding the company. Addressing the root causes of the grid’s vulnerability requires the full alignment of all stakeholders, with priority given to resilience and business continuity rather than solely to the price of the service or the protection of trees in power line clearings,” says Chair of the ESO Board Nerijus Datkūnas.
Although the ESO Board will temporarily not operate, ESO’s business continuity and smooth decision-making will be ensured: ESO will operate through the interim CEO and the General Meeting of Shareholders, whose functions are performed by the sole shareholder, Ignitis Group.
In addition, to substantially review the competencies of ESO’s collegial management body, Ignitis Group will immediately prepare an updated competency profile and initiate the selection of the new ESO Board.
We would like to remind you that at the extraordinary meeting convened on 10 September, the ESO Board accepted the resignation of ESO CEO Renaldas Radvila, with 30 September 2026 considering his last day in office. To ensure the smooth organisation of ESO’s activities and handover of responsibilities, Audrius Ruseckas, Head of ESO’s Finance and Administration Service, has been appointed interim CEO of ESO as of 1 October 2026. The ESO Board has decided to immediately initiate the selection process for a new CEO of ESO.
The information provided in this announcement does not affect the Group’s Adjusted EBITDA and Investments guidance for 2026.
For additional information, please contact:
Communication
Valdas Lopeta
+370 621 77993
[email protected]
