Seeking independent board members for AB Lietuvos Geležinkeliai
AB Lietuvos geležinkeliai is the largest railway group in the Baltic States, consisting of the parent company Lietuvos geležinkeliai and its directly and indirectly controlled companies.
The core business of LTG Group is the smooth carriage of passengers and freight by rail and the management of critical public infrastructure. The company also actively implements important public investment projects and contributes to the development of the country’s transport sector.‘
The Company’s Board of Directors, consists of 7 members, 5 of whom are independent. The term of office of the Board of Directors is 4 years.
Candidates are subject to general, special and independence requirements:
Candidates for the position of independent members of the Company’s Board of Directors must meet the established general, special and independence requirements that will apply to independent members elected to the Company’s Board of Directors for the duration of the term of office of the Board member.
1. General requirements:
1.1. Must hold a university-level or equivalent higher education degree.
1.2. Must have an impeccable reputation; a person shall not be considered to be of impeccable reputation if he/she has been convicted.
1.3. Must not have relationships with other natural or legal persons that would create a conflict of interest while performing the duties of the position.
1.4. Must not be deprived of or restricted from the right to hold the position applied for or to perform the duties associated with that position.
1.5. In the past 5 years, the candidate must not have been removed from a single-person or collegial governing body of a legal entity due to improper performance of duties.
1.6. Must not be a career civil servant holding a post in a ministry, a government agency or a body attached to a ministry.
1.7. Must not be elected or appointed as a civil servant in accordance with the procedure laid down by law.
2. Special requirements:
2.1. Very good English language skills (at least B2 level or higher).
2.2. Have competence in one of the following areas:
2.2.1. Strategic Planning and Management:
2.2.1.1. at least 5 years’ experience in the last 10 years in a senior management position (as a company manager, or as a member of a collegiate supervisory or management body) in a large enterprise or group of enterprises in the areas of strategic planning, business development and shaping, and implementation.
Considered as an advantage:
2.2.1.2. ability to develop a long-term vision for the organisation and to set clear strategic objectives;
2.2.1.3. knowledge of national and regional transport sector activities;
2.2.1.4. the ability to initiate and implement organisational change in order to adapt to market dynamics and the geopolitical situation;
2.2.1.5. an understanding of the principles of operational sustainability and their integration into the organisation’s strategy;
2.2.1.6. experience in a company’s collegiate supervisory or management bodies;
2.2.1.7. experience in developing investment projects;
2.2.1.8. experience in organisational development and performance improvement;
2.2.1.9. excellent leadership and teamwork skills;
2.2.1.10. excellent stakeholder engagement skills;
2.2.1.11. knowledge of corporate governance principles and knowledge and experience in corporate governance;
2.2.1.12. knowledge of the legal framework for state-owned companies.
2.2.2. Finance, Risk Management and Audit:
2.2.2.1. at least 5 years’ experience in the last 10 years in a managerial capacity (as a company director, as a senior manager reporting directly to the company director, or as a member of a collegiate supervisory or management body) of a large undertaking in the fields of financial and risk management, financial advisory services, financial services or audit.
Considered as an advantage:
2.2.2.2. ability to develop long-term financial strategies in line with corporate objectives and market trends;
2.2.2.3. experience in internal finance control and a successful track record in risk management;
2.2.2.4. experience in the company’s collegiate supervisory or management bodies;
2.2.2.5. experience in financial management, investment project appraisal and financing;
2.2.2.6. experience in enterprise value creation, change management and operational risk management;
2.2.2.7. knowledge of the legal framework for state-owned companies;
2.2.2.8. excellent leadership and teamwork skills;
2.2.2.9. excellent stakeholder engagement skills;
2.2.2.10. knowledge of corporate governance principles and knowledge and experience in corporate governance.
2.2.3. Logistics:
2.2.3.1. at least 5 years’ experience in the last 10 years in a managerial capacity (as a company manager, as a senior manager reporting directly to the company manager, or as a member of a collegiate supervisory or management body) in a large company in the logistics sector.
Considered as an advantage:
2.2.3.2. experience of managerial work in logistics in companies in European Union countries;
2.2.3.3. knowledge of the regulatory principles governing the logistics sector;
2.2.3.4. experience in the formulation and implementation of corporate strategy;
2.2.3.5. excellent leadership and teamwork skills;
2.2.3.6. excellent stakeholder engagement skills;
2.2.3.7. experience in international cooperation or business development;
2.2.3.8. knowledge of corporate governance principles and knowledge and experience in corporate governance;
2.2.3.9. knowledge of the legal framework for state-owned companies.
2.2.4. Business and sustainable development:
2.2.4.1. at least 5 years’ experience in the last 10 years in a senior management position (as a company manager, as a senior manager reporting directly to the company manager, or as a member of a collegiate supervisory or management body) in a large company in the field of business development.
Considered as an advantage:
2.2.4.2. business development experience in large/international companies;
2.2.4.3. knowledge and experience in identifying and assessing risks to the performance and governance of the company;
2.2.4.4. assessment of the geopolitical situation in the business context;
2.2.4.5. experience in sustainable corporate value creation and shareholder return;
2.2.4.6. excellent leadership and teamwork skills;
2.2.4.7. excellent stakeholder engagement skills;
2.2.4.8. knowledge of corporate governance principles and knowledge and experience in corporate governance;
2.2.4.9. knowledge of the legal framework for state-owned companies.
2.2.5. Organizational Development and Management:
2.2.5.1. at least 5 years’ experience in the last 10 years in a managerial capacity (as a company manager, as a senior manager reporting directly to the company manager, or as a member of a collegiate supervisory or management body) in a large enterprise in the field of organisational culture and development.
Considered as an advantage:
2.2.5.2. experience in corporate strategic planning, organisational transformation and change management;
2.2.5.3. experience in improving the customer experience and implementing a customer-oriented working culture;
2.2.5.4. experience in changing and developing company culture;
2.2.5.5. experience in digitisation, innovation, efficiency solutions;
2.2.5.6. experience in the company’s collegiate supervisory or management bodies;
2.2.5.7. excellent leadership and teamwork skills;
2.2.5.8. excellent stakeholder engagement skills;
2.2.5.9. knowledge of corporate governance principles and knowledge and experience in corporate governance;
2.2.5.10. knowledge of the legal framework for state-owned companies.
3. Independance requirements: candidates applying for a position as an independent Board member must meet the independence requirements set out in Article 23 of the Law on Management, Use and Disposal of State and Municipal Property of the Republic of Lithuania.
Documents that candidates must submit:
- Annex No 1
- Annex No 2
- Curriculum vitae (CV)
- A copy of an identification document
- A motivation letter addressed to the selection committee
- Copies of documents attesting higher education.
- Other documents or copies of documents proving compliance with the general, specific and independence requirements.
DEADLINES AND DOCUMENT SUBMISSION:
Candidates must submit their documents to the selection agency UAB Master Class LT by May 2nd, 2025 (inclusive).
Candidates must submit their documents to the following e-mail address: milda@masterclass.lt.
The documents submitted must be verified with secure electronic signing means and qualified electronic signature certificates. Original documents will be requested if the candidate is successful.
Contact persons at UAB “Master Class LT”:
Laura Duksaitė-Iškauskienė, Director
laura@masterclass.lt, Tel. +370 699 37170
Contact persons at AB “Lietuvos geležinkeliai”:
Monika Čereškienė, Talent Acquisition Manager
monika.cereskiene@ltg.lt, Tel. +370 618 09290
Contact persons at Ministry of Transport and Communication:
Roma Andruškevičienė, Head of State Property Management and Corporate Governance Division
roma.andruskeviciene@sumin.lt, tel.: +370 620 17580
Janina Laskauskienė, State Property Management and Corporate Governance Division Adviser
janina.laskauskiene@sumin.lt, tel.: +370 683 86320.
