2018 01 29

Lithuanian Airports is starting the year with a newly formed Board. In January, two new independent members have joined the Board and their long-term experience will undoubtedly contribute to an even more successful business of the company. Currently, independent members comprise more than half of the renewed Board.

One of the new Lithuanian Airports Board members is Ramūnas Bagdonas who has been heading the HR Department of Telia Lietuva for the past four years. One more addition is Waleed Youssef, CEO of Saudi Arabia’s Asyad Airports. According to Tomas Krakauskas who has been chairing the Lithuanian Airports Board since April 2017, the joining of the new independent members will undoubtedly ensure an even more effective operation of the company.

“Lithuanian Airports have repeatedly proven to be an innovative, open and efficient state enterprise. I believe that our new independent Board members are true professionals in their fields and will contribute to the successful growth in numbers of flights and passengers served and help to increase the company’s returns for the state,” states T. Krakauskas.

R. Bagdonas is a member of the team of managers of Telia Company Group uniting Lithuania, Estonia and Denmark and is in charge of HR. Throughout his long and successful career in the field of HR, R. Bagdonas has accumulated experience on both national and international levels working for the Phillip Morris companies in Lithuania, Poland and Switzerland. He is also a Board member of the Lithuanian Association of Human Resources Professionals.

Waleed Youssef holds a PhD in economic and financial sciences from the University of Berkeley (the USA). For almost six years, he was the head of the TAV Airports Holding, the largest airport operator in Turkey, and was the Vice President of the Saudi Arabian construction company Saudi Oger for three years.

In total, the Lithuanian Airports Board currently consists of five members where three are independent. Among them are Tomas Krakauskas, as well as Ramūnas Bagdonas and Waleed Youssef.

The remaining two members are Gediminas Almantas who will leave the position of CEO of the Lithuanian Airports in March and Andrius Šniuolis, the Head of Water and Railway Transport Policy Department at the Ministry of Transport and Communications.

Previously, the Lithuanian Airports Board members included the representatives of the Ministry of Transport and Communications Vilius Veitas and Janina Laskauskienė.

About Lithuanian Airports

The Lithuanian airport network includes three airports in Vilnius, Kaunas, and Palanga. During 2016, they serviced 4.8 million passengers and 52 thousand flights. During the winter season, 17 airlines organize flights in 65 directions to 56 cities in 26 countries. Based on data of the Airports Council International (ACI Europe), Lithuanian Airports contribute to the Lithuania’s GDP by 2.5 percent.

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