LTG
Vytis Žalimas
Runs AB LTG Infra Chief Executive Officer position since 1st December 2023
Other current duties
none
Previous professional experience
Before starting to head AB LTG Infra, he worked as a chief business consultant at UAB AirExplore in Slovakia. Consulting areas: business development and commerce. The main goal was to organize existing processes, introduce new technological and operational solutions, and provide proposals for business development.
Previously, he successfully increased the company’s production efficiency and profitability while holding the position of the general director of UAB JETMS for three years.
At AB SEB Bank, he held the position of the contact centre manager, coordinated the activities of contact centres in the Baltic States, changed the service model for private customers, and established new departments.
He was also the manager of AB Telia’s business clients in Lithuania, participated and contributed to the merger of TEO LT and Omnitel companies.
Education and qualification
- Vilnius University Bachelor of Management Information Systems and Services
- Master of International Trade and Marketing at Vilnius University International Business School
The Board of AB LTG Infra is appointed for a four-year term of office by a decision of the sole shareholder AB “Lietuvos geležinkeliai” (see details in the Articles of Association in the original language).
Term of office of the Board of AB LTG Infra: 23 January 2023 – 23 January 2027
Matrix of the Board's competences, approved by Order No. ĮS(LTG)-37/2022 of the CEO of AB “Lietuvos geležinkeliai” dated 2 September 2022.
Board members
Gediminas Almantas
Chairman of the Board (independent member)
Takes up his duties since 23 January 2023.
Other current duties
- Chairman of the Board of AB Novaturas
- Chairman of the Board of VĮ Lietuvos oro uostai
- Board member of AB "KN Energies"
- Member of the Council of the Open Lithuania Foundation
- Independent Member of the Procurement and Investment Committee of Lithuanian National Radio and Television
- Member of the Compliance and Mediation Committee of International Federation of Red Cross and Red Crescent Societies (Geneva).
Previous professional experience
He has knowledge and extensive experience of working in public interest companies; strategy development in the transport and energy sectors; securities issuance, concession project preparation, and balancing the needs of different interest groups.
He was actively involved in the preparation of the UAB EPSO-G Group's long-term strategy until 2030 in the Board of Directors and the Lithuanian Aviation Guidelines. He has been interested in and analysed the topic of sustainability at the Swedish Institute and at Copenhagen Airport, as well as in research and lectures on sustainable business models at Copenhagen Business School.
He has worked on large-scale strategic projects: a portfolio of synchronisation projects implemented by UAB EPSO-G, the closure of Vilnius Airport for reconstruction, and the concession project of Lithuanian airports.
Education and qualifications
- Master of Laws from Vilnius University
- LL.M. from the University of Bern, Switzerland
- Industrial Doctorate (Ethics and Morality in Business Negotiations), Copenhagen Business School (CBS)
- AMERICAN EXPRESS Leadership Academy studies at Arizona State University / Thunderbird School of Global Management
- Study at the Sweedish Institute (SI) for the Sustainable Leadership in Organisational Governance programme for Northern Europe
- Visiting lecturer at Thunderbird School of Global Management, USA
- Visiting lecturer at ENAC Aviation Academy in Toulouse, France
Haroldas Nausėda
Member of the Board (independent)
Takes up his duties since 23 January 2023.
Other current duties
- Chairman of the Board of Ignitis Eesti OÜ
- Chairman of the Board Ignitis Suomi Oy
Previous professional experience
He has worked in the field of state-regulated activities throughout his career and has an excellent knowledge of the specifics of state-regulated activities and their financing.
Back in 2008, while working in the Strategic Development Department of the then “Lietuvos dujos”, he contributed to the preparation of the strategy for the unbundling of the gas business and participated in its implementation. Later, he shaped the strategy for the Gas Exchange and implemented it as the head of the regional gas exchange GET Baltic. Since 2014, he has worked as the Commercial Director of “Lietuvos dujų tiekimas”, after the company became “Lietuvos energijos tiekimas” – as the Director of the Business Clients and Development Department, and currently – as the Director of the Business Clients and Development Service of UAB Ignitis.
He has experience in managing various project teams, working on projects in the fields of electricity, natural gas supply, solar power plant service development, development of a network of charging stations for electric vehicles, and energy savings. He has coordinated a project for the expansion of gas supply to Finland.
Education and qualifications
- Bachelor of Computer Science, Vilnius University
- Master's degree in Business Management and Administration, Vilnius University
- Master's in Business Management for Executives at ISM Executive School and BI Norwegian Business School
- Executive and board member studies at the Baltic Institute of Corporate Governance
- Leadership studies at Oxford University
Ramūnas Rimkus
Member of the Board (delegated civil officer)
Takes up his duties since 23 January 2023.
Other current duties
- Head of the Strategic Planning Division, Budget and Investment Department, Ministry of Transport and Communications of the Republic of Lithuania
Previous professional experience
He has been working in the Ministry of Transport and Communications of the Republic of Lithuania for more than 15 years and has an excellent knowledge of issues related to Lithuania's transport infrastructure and its development, including railways. He is well acquainted with the projects and infrastructure development plans of AB “Lietuvos geležinkeliai” group companies.
For the past four years, he has represented the Ministry of Transport and Communications of the Republic of Lithuania at the Mission of the Republic of Lithuania to the People's Republic of China. He has been in regular contact with Chinese logistics companies, participating in discussions, presenting the Lithuanian transport sector, providing information on the advantages of the Lithuanian railway infrastructure, development plans and cooperation opportunities.
For six years he headed the European Union Investment and Strategic Planning Units of the Ministry of Transport and Communications of the Republic of Lithuania. He was constantly involved in the implementation, supervision and control of strategic state projects of AB “Lietuvos geležinkeliai” group of companies, strategic planning and execution of activities, and contributed to the coordination of activities of various large infrastructure projects – the establishment of intermodal terminals in Vilnius and Kaunas, the implementation of the Rail Baltica project and the control of activities, and the analysis of alternative logistics routes for the International Security Assistance Force (ISAF) logistics transport of cargo.
Education and qualifications
- Bachelor's degree in Transport Economics at Vilnius Gediminas Technical University (now Vilnius Tech)
- Master's degree in Transport Logistics at Vilnius Gediminas Technical University (now Vilnius Tech)
Arūnas Rumskas
Member of the Board (delegated by AB “Lietuvos geležinkeliai”)
Takes up his duties since 1 November 2025.
Other current duties
- CFO at AB Lietuvos geležinkeliai;
- Director of Finance, AB Lietuvos geležinkeliai.
Previous professional experience
A. Rumskas is an experienced finance manager and an expert in processes and efficiency. Prior to joining AB Lietuvos geležinkeliai, for five years he worked at the PZU Group of companies in the Baltics as a member of the Boards and CFO, as well as head of the company PZU Lietuva gyvybės draudimas. Previously, Mr Rumskas had spent 19 years with the international Aviva Group, including 9 years in Poland, where he had been Chief Operating Officer and Vice-Chairman of the Board of the Aviva Polska Group, and had headed the Group's centre of excellence, which provided expert financial services to Aviva Group companies worldwide.
Education and qualifications
- Vilnius University, Faculty of Economics, Diploma in Production Economics and Management;
- University of Warsaw, Actuarial studies;
- Baltic Management Institute, Executive MBA diploma.
Sigitas Kubilis
Member of the Board (delegated by AB “Lietuvos geležinkeliai”)
Takes up his duties since 23 January 2023.
Other current duties
- Chief Expert, Project and Investment Management, Strategy and Development Function at AB “Lietuvos geležinkeliai”
Previous professional experience
He has been working in the AB “Lietuvos geležinkeliai” Group for 18 years in the fields of economics and development, and has held the position of a member of the Management Board of the subsidiaries of AB “Lietuvos geležinkeliai”. During his work in the AB “Lietuvos geležinkeliai” Group, he gained in-depth knowledge of the railway industry, the operations, management and strategies of individual companies in the AB “Lietuvos geležinkeliai” Group, and corporate governance. For the last 5 years, he has held the position of Head of Investment Planning and Control, where he has gained experience in planning, analysing and evaluating investment projects of the AB “Lietuvos geležinkeliai” group of companies, making investment decisions and managing financial risks.
Prior to joining AB “Lietuvos geležinkeliai”, he worked at the Institute of Lithuanian Economy, Public Institution "Economic Information Centre" (“Ekonominės informacijos centras”), Public Institution "Lithuanian Business Support Agency" (“Lietuvos verslo paramos agentūra”), and as a member of Real Business Partnership "Optimalūs sprendimai", he consulted on issues related to establishment of companies and their management, and prepared investment projects for companies.
Education and qualifications
- Bachelor of Construction Economics at Vilnius Gediminas Technical University (now Vilnius Tech)
- Master's degree in Engineering Economics and Management at Vilnius Gediminas Technical University (now Vilnius Tech)
Remuneration of members of the Board
The remuneration of the members of the Board, calculated on the basis of the average salary of the Company's Chief Executive Officer, is determined by a decision of the Company's sole shareholder.
The remuneration of the members of the Board is:
|
Position as a member of the Board |
Fixed monthly remuneration (before tax), EUR |
|---|---|
|
Chairman (independent) |
3 489 |
|
Member (independent) |
2 617 |
|
Member (delegated by AB “Lietuvos geležinkeliai”) |
1 308 |
|
Member (delegated civil officer) |
1 308 |
The Company is part of the Group the sole shareholder whereof is the parent company LTG. The shareholder of LTG is the State of Lithuania, it owns 100% of its shares, and the shareholder‘s rights and duties are carried out by the Ministry of Transport and Communications of the Republic of Lithuania.
|
Amount of the authorised capital (EUR thousand) |
Number of shares (units) |
Nominal value per share (EUR) |
|---|---|---|
|
660 081 |
660081 |
1,000 |
The details of AB LTG Infra and AB “Lietuvos geležinkeliai” can be found in the "Contacts" link.
ll the shares of the Company are of the same class, i.e. ordinary registered shares. The shares are non-certified, and they are recorded in personal securities accounts, in accordance with the procedure established by the legislation.
During the reporting period, the Company did not purchase any of its own shares or shares of the other companies of the Group.