Announcement of the search of independent board members to the Board of „Lietuvos oro uostai“

Joint-stock company Lithuanian Airports (hereinafter – the Company) is the entity that unites and manages the airports of Vilnius, Kaunas, and Palanga, coordinates the development of these airports, offers a broad range of aviation and non-aviation services, and ensures high standards of service quality for passengers and partners. Lithuanian Airports operates in accordance with its mission to build sustainable partnerships, its vision to accelerate the country’s economic growth, and its core values: taking pride in responsibility, pursuing goals with determination, leading by example, and creating meaningful experiences.

The Company aims to become the most attractive airport group in the region for partners by competitively attracting strategic partners and creating long-term value for the state, society, and business.

Company website:
Lithuanian Airports

Information on the Company’s strategy, shareholder expectations letter, and financial statements is available at:

• Operations and Strategy
• Strategic Objectives
• Governance and Accountability

The Company’s collegial management body – the Board – consists of 5 members, including 4 independent board members and 1 civil servant. The term of office of the Board is 4 years.

Remuneration of Board Members

Information on the remuneration policy and the draft agreement for board member activities is available at:

• Remuneration Description
• Board Members and Committees

Selection Procedure

The objective of the selection process is to identify the most suitable candidates for the positions of independent members of the Company’s Board.

The selection process is initiated by the Ministry of Transport and Communications of the Republic of Lithuania. Executive search agency UAB Master Class LT participates in the recruitment process.

The selection will be carried out by a selection committee formed by order of the Minister of Transport and Communications of the Republic of Lithuania, consisting of:

• one representative proposed by the Prime Minister,
• one representative proposed by the Minister of Transport and Communications,
• one representative proposed by the Minister of the Economy and Innovation,
• one representative proposed by the Minister of Finance,
• and one representative of the Governance Coordination Centre (hereinafter – the Selection Committee).

Selection method: interview with candidates invited by the Selection Committee.

The selection process is conducted in accordance with the Description of the Procedure for the Selection of Candidates to Collegial Supervisory or Management Bodies of State or Municipal Enterprises, State- or Municipality-Controlled Companies, or Their Subsidiaries:

Selection Procedure Description

More information on the selection and appointment procedures for state-owned enterprises is available at:

• Governance Coordination Centre – Member Selection
• Governance Coordination Centre – Appointment Procedure

General, Special, and Independence Requirements

Candidates applying for the position of independent member of the Company’s Board must meet the established general, special, and independence requirements.

The general and independence requirements will apply throughout the entire term of office of the selected independent board members.

General Requirements

Candidates must:

• hold a university degree or an equivalent higher education qualification;
• have an impeccable reputation;
• not be related to other natural or legal persons by ties that could create a conflict of interest while serving on the collegial body;
• not have been deprived of or restricted from holding the relevant position or performing its functions;
• not have been removed during the past 5 years from a sole or collegial management body due to improper performance of duties;
• not be a career civil servant in a ministry, government agency, or institution under a ministry with functions related to policy-making in the sector in which the Company operates;
• not be an elected politician or political (personal) appointee civil servant.

Special Requirements

Candidates must:

• have English language proficiency of at least B2 level;
• possess competence in one of the following areas:

1. Strategic Planning and Aviation

Confirmed by:

• at least 5 years of senior management experience within the last 10 years in the civil aviation sector;
• knowledge and experience in strategic planning, analysis, control, and supervision;
• understanding of the civil aviation ecosystem;
• knowledge of national and regional strategic civil aviation objectives;
• understanding of civil aviation regulatory principles.

Advantages:

• experience in digital transformation, data analytics, or AI initiatives;
• sustainability policy knowledge and/or practical implementation experience;
• experience in innovation management, organisational development, and change management;
• experience serving on collegial supervisory or management bodies;
• strong leadership and stakeholder collaboration skills;
• understanding of corporate governance principles.

2. Project Management

Confirmed by:

• at least 5 years of senior management experience within the last 10 years;
• experience managing complex projects and applying project management methodologies;
• experience ensuring sustainable company value growth and shareholder returns.

Advantages:

• experience in transport infrastructure design, supervision, or construction;
• ability to evaluate project portfolio management effectiveness and strategic alignment;
• sustainability policy knowledge and practical experience;
• understanding of corporate legal regulation;
• board or supervisory experience;
• strong leadership and stakeholder collaboration skills;
• understanding of corporate governance principles.

3. Finance and Audit

Confirmed by:

• at least 5 years of senior management experience within the last 10 years in finance, risk management, financial advisory, financial services, or audit within a large company.

Advantages:

• ability to develop long-term financial and/or risk strategies;
• experience in internal control and risk management;
• knowledge and experience in financial planning, analysis, control, and supervision;
• experience in investment project evaluation and financing;
• experience in value creation, change management, and operational risk management;
• knowledge of the legal framework governing state-owned enterprises;
• board or supervisory experience;
• strong leadership and stakeholder collaboration skills;
• understanding of corporate governance and management principles.

4. Security and Risk Management

Confirmed by:

• at least 5 years of senior management experience within the last 10 years in risk management and implementation or optimisation of risk management processes.

Advantages:

• ability to develop long-term financial strategies;
• experience ensuring internal control and operational risk management;
• strategic analytical skills in assessing geopolitical developments in Europe and globally;
• experience identifying and managing information security risks;
• board or supervisory experience;
• strong leadership and stakeholder collaboration skills;
• understanding of corporate governance principles.

Independence Requirements

Candidates must satisfy independence criteria, including but not limited to:

• no employment or civil service relationship with the Company or related entities during the previous year;
• no recent management, board, employee, or shareholder relationship with the Company or related entities;
• no close family ties with significant shareholders or management;
• no significant business relationships with the Company or related entities;
• no recent employment with the Company’s external auditor;
• not having served on the Company’s collegial bodies for more than 10 years;
• not being a member of more than 3 collegial bodies of state- or municipality-controlled enterprises in total.

Documents Required from Candidates

Candidates must submit:

1. Application form and declaration of integrity (Annex 1);
2. Consent for the processing of personal data (Annex 2);
3. Curriculum Vitae (CV);
4. Copy of an identity document;
5. Motivation letter in Lithuanian (free form);
6. Copies of higher education diplomas;
7. Other documents proving compliance with the general, special, and independence requirements.

The Selection Committee and/or representatives of UAB Master Class LT may request additional supporting documents.

Submission Procedure and Deadline

Candidates must submit the required documents to executive search agency UAB Master Class LT no later than 4 June 2026 (inclusive).

Documents should be submitted by email to: jolita@masterclass.lt

Documents must be signed using secure electronic signature tools or submitted as scanned copies.

Contact Persons

UAB Master Class LT

• Jolita Dabužinskaitė, Executive Search Consultant
  Email: jolita@masterclass.lt
  Tel.: +370 685 05275

Lietuvos oro uostai

• Natalja Andreičiuk, Director of People and Culture Department
  Email: n.andreiciuk@ltou.lt
  Tel.: +370 656 55056
• Eugenija Nenartavičienė, Head of Personnel Management Division
  Email: e.nenartaviciene@ltou.lt
  Tel.: +370 698 54237

Ministry of Transport and Communications of the Republic of Lithuania

• Roma Andruškevičienė, Head of the State Assets and Corporate Governance Group
  Email: roma.andruskeviciene@sumin.lt
  Tel.: +370 620 17580
• Janina Laskauskienė, Adviser at the State Assets and Corporate Governance Group
  Email: janina.laskauskiene@sumin.lt
  Tel.: +370 683 86320