On 29th June 2012 the Board of Limarko laivininkystes kompanija AB appointed Mr. Mindaugas Petrauskas as the head of administration of the Company. As from 2nd July 2012 he will become the Managing Director of the Company.
Mr. Vytautas Lygnugaris, the longstanding CEO of the Company, shall remain the Chairman of the Board of the Company and shall head the parent company Limarko UAB. The change is made with a view to implement the best practices of corporate governance, where different persons are appointed to the positions of the Chairman of the Board and the Managing Director.
Mr. Mindaugas Petrauskas has been working in Limarko Group since 2004. Before the current appointment he was the Vicepresident of the Company. He is a lawyer by education and has gained maritime law and shipmanagement knowledge in the United Kingdom. According to the Chairman of the Board, Mr. Vytautas Lygnugaris “The experience gained and accumulated by Mindaugas Petrauskas will prove valuable to the Company”.
Vytautas Lygnugaris
Chairman of the Board
Tel. +370 46 340001 (ext. 713)