Two new members of the Supervisory Board of Public Investment Development Agency, JSC

2018-08-29

Two new members - Ramūnas Dilba and Raimondas Rapkevičius of the Supervisory Board of Public Investment Development Agency (VIPA) have been elected by the decision of the Minister of Finance of the Republic of Lithuania on 3rd August 2018.

R. Dilba is the director of the investment department of the Ministry of Finance of the Republic of Lithuania, who has replaced Rūta Dapkutė-Stankevičienė, a member of the VIPA's Supervisory Board (she was a representative of the Ministry of Finance).

R. Rapkevičius has worked as Deputy Chief Executive Officer and Chief Financial Officer for ten years as well he has been a member of the Board of General Financing JSC, that belongs to the Marginalen Banking Group. Moreover R. Rapkevičius is appointed as the chairman of the audit committee of EPSO-G, JSC.

The VIPA Supervisory Board is formed in accordance with the principles of corporate governance, which are in line with the recommendations of the Organization for Economic Cooperation and Development (OECD), therefore the majority of the supervisory board is composed of independent members. The entire Supervisory Board of the VIPA consists of 5 members of which 3 members are independent.

The Supervisory Board approves the company's strategy and monitors its execution, collects and cancels its members, supervises the activities of the Board and the Director General.