Independent Board Member Search Announced for the Board of AB “Detonas”
We are launching the search for the Board of AB “Detonas”. Two independent board members are invited to join the new Board term. We invite candidates to review the requirements and submit their applications by May 25, 2026 (inclusive). AB “Detonas” is one of the longest-operating blasting companies in Lithuania, developing solutions in explosives manufacturing, drilling, and blasting since 1959. The company manufactures and sells explosives, carries out drilling and blasting operations, and ensures high-quality services across a wide range of projects. Through consistent business expansion, the company aims to increase the scale of explosives production and trade, expand its service operations, and implement innovative solutions. AB “Detonas” actively collaborates with academic institutions and partners in Lithuania and abroad, contributes to the development of the national defense industry, and strengthens the supply chain of Lithuania and NATO partners.
AB “Detonas” (hereinafter – the Company) has been carrying out blasting operations in Lithuania since 1959. The Company’s purpose is to manufacture and sell explosives and provide high-quality drilling and blasting services. Its strategic objectives are to expand explosives manufacturing and trading activities, increase the scale of drilling and blasting operations, ensure service innovation and development, cooperate with research institutions and partners in Lithuania and abroad, contribute to the development of the national defense industry, and strengthen the supply chain of Lithuania and NATO partners.
The Company’s website:
Detonas
Information regarding the Company’s strategy, shareholder expectations letter, and financial reports can be found here:
Strategic Documents
Financial Reports
The Company’s collegial management body — the Board — consists of three members: two independent board members and one civil servant. The Board term is four years.
Board Member Compensation
Board member remuneration is regulated in accordance with the Resolution of the Government of the Republic of Lithuania No. 1092 of October 14, 2015.
During the Board term, an independent Board member receives a fixed monthly remuneration amounting to no less than one quarter of the Company CEO’s average gross monthly salary.
If an independent Board member is elected Chairperson of the Board, the fixed monthly remuneration during the Chairperson’s term shall be no less than one third of the Company CEO’s average gross monthly salary.
The specific remuneration amount in euros will be determined by the General Meeting of Shareholders.
The remuneration policy and Board member agreement template are available here:
Government Resolution No. 1092
Administrative Information
Selection Procedure
The selection process is initiated by the Ministry of Transport and Communications of the Republic of Lithuania.
Executive search firm Master Class LT participates in the selection process.
The selection will be conducted by a commission appointed by order of the Minister of Transport and Communications of Lithuania, consisting of:
- one representative nominated by the Prime Minister,
- one representative nominated by the Minister of Transport and Communications,
- one representative nominated by the Minister of Economy and Innovation,
- one representative nominated by the Minister of Finance,
- and one representative from Governance Coordination Center.
The selection method will consist of interviews with shortlisted candidates invited by the Selection Commission.
The process is conducted in accordance with the official selection procedure for candidates to supervisory and management bodies of state-owned and municipally-owned enterprises:
Selection Procedure Description
More information regarding state-owned enterprise board selections and appointment procedures:
Governance Coordination Center – Board Selections
Governance Coordination Center – Appointment Procedure
General, Special, and Independence Requirements
Candidates applying for the position of independent Board member must meet the established general, special, and independence requirements.
The general and independence requirements will apply throughout the entire Board term.
General Requirements
Candidates must:
- hold a university degree or equivalent qualification;
- have an impeccable reputation;
- have no conflicts of interest arising from relationships with individuals or legal entities;
- not be restricted from holding the relevant position or performing its functions;
- not have been removed from a management body within the past five years due to improper performance of duties;
- not hold a civil service position related to state policy formation in the sector where the Company operates;
- not be an elected politician or political appointee.
Special Requirements
Candidates must demonstrate competence in at least one of the following areas:
1. Finance, Risk Management, and Audit
Confirmed by:
- at least four years of leadership experience within the last ten years in finance, financial consulting, financial services, risk management, investment evaluation and financing, or audit.
Additional advantages:
- experience in risk management and internal control systems;
- leadership experience in managing complex organizations;
- strategic planning and value creation capabilities;
- experience in change management;
- knowledge of the regulatory environment relevant to the Company;
- understanding of strategic planning in state-owned enterprises;
- leadership and stakeholder collaboration competencies;
- knowledge of corporate governance principles;
- experience in corporate supervision and control.
2. Strategic Planning and Business Development
Confirmed by:
- at least four years of executive leadership experience within the last ten years in strategic planning, business strategy development and implementation, or experience on supervisory and/or management boards.
Additional advantages:
- investment and business development project experience;
- leadership experience in complex organizations or projects;
- understanding of regulatory and legal frameworks;
- operational and/or sales leadership experience;
- business development experience in local and/or international markets;
- experience in sustainable value creation and shareholder return;
- sustainability policy knowledge;
- corporate governance expertise;
- leadership and stakeholder collaboration capabilities.
Independence Requirements
Candidates must satisfy independence criteria, including:
- no employment relationships with the Company or related entities during the previous year;
- no Board membership, executive role, employment, or significant shareholding relationships within the previous year;
- no close family ties with major shareholders or management representatives;
- no significant business relationships with the Company or related entities;
- no recent affiliation with audit firms auditing the Company;
- no Board membership exceeding ten years cumulatively;
- no membership in more than three boards of state- or municipality-owned enterprises.
Required Documents
Candidates must submit:
- Application form and integrity declaration (Appendix No. 1);
- Consent for personal data processing (Appendix No. 2);
- Curriculum Vitae (CV);
- Copy of identity document;
- Motivation letter in Lithuanian;
- Copies of higher education diplomas;
- Other supporting documents confirming compliance with the stated requirements.
Additional documents may be requested by the Selection Commission or Master Class LT representatives.
Submission Procedure and Deadline
Candidates must submit documents to Master Class LT by May 25, 2026 (inclusive).
Submission email:
jolita@masterclass.lt
Documents must be electronically signed or submitted as scanned copies. Original documents may later be requested from the selected candidate.
Contact Persons
Master Class LT
Jolita Dabužinskaitė
Email: jolita@masterclass.lt
Phone: +370 685 05275
Laura Duksaitė-Iškauskienė
Email: laura@masterclass.lt
Phone: +370 699 37170
AB “Detonas”
Monika Sinkevičiūtė-Vaitkevičienė
Email: info@detonas.eu
Phone: +370 37 362 562
Sigita Čižauskienė
Email: sigita@detonas.eu
Phone: +370 37 787 553
Ministry of Transport and Communications of the Republic of Lithuania
Roma Andruškevičienė
Email: roma.andruskeviciene@sumin.lt
Phone: +370 620 17580
Janina Laskauskienė
Email: janina.laskauskiene@sumin.lt
Phone: +370 683 86320
