“LTG Cargo launches the search for an independent member of the Management Board
LTG Cargo, the LTG Group’s freight transport company, announces the selection of an independent member of the Board of Directors. Following the election of a new member of the Board, a new Chairman of the Board will be elected.
The selection is made in line with good corporate governance practices, following the resignation of the Chairman of the Board at the end of last year.
“The role of the Board is more important than ever as we continue to fully integrate into the Western rail network, take leadership in the sector to ensure operational resilience and national interests, and ensure that we have a team of experts in their field. We hope that the new board member will continue to implement the company’s strategy and contribute with his experience to the achievement of the ambitious goals,” says Egidijus Lazauskas, CEO of LTG Group.
The new Board member will need to have an impeccable reputation, as well as international business development expertise, many years of leadership experience, practical knowledge of strategic planning and organisation transformation management, marketing and customer experience, and meet other requirements.
MasterClass Lietuva’s executive search experts will help you find the most suitable candidates for the position. The selection of the Board member will be carried out by a panel consisting of a representative proposed by the head of the state-owned institution, three representatives of the parent state-owned company and one representative of the Public Enterprise Management Coordination Centre.
The full Board of LTG Cargo is composed of two members delegated by LTG, a civil servant member of the Board and two independent Board members. The current Board was elected in January 2023. All Board members will continue their term of office until 5 January 2027 inclusive.
LTG Cargo, the LTG Group’s freight transport company, is an LTG Group company that will continue its active integration and expansion efforts in the West. The company provides freight transport, logistics and freight forwarding, freight loading, locomotive and wagon repair and wagon rental services in Lithuania and abroad. “LTG Cargo has established and manages LTG Cargo Polska in Poland and LTG Cargo Ukraine in Ukraine. The company has a team of around 1,800 logistics professionals to develop greener rail freight transport.
