On changes in the Audit Committee of Latvenergo AS
Riga, 2020-11-19 15:00 CET --
Today, on 19 November, the Shareholders' Meeting of Latvenergo AS dismissed Marita Salgrāve from the position of the member of the Audit Committee of Latvenergo AS.
Changes in the Audit Committee are related to new professional challenges of the member of the Audit Committee Marita Salgrāve. The Audit Committee will continue to work in the following composition - Torben Pedersen (independent member), Svens Dinsdorfs (independent member), Toms Siliņš (member of the Supervisory Board of Latvenergo AS) and Gundars Ruža (member of the Supervisory Board of Latvenergo AS).
The fifth member of the Audit Committee of Latvenergo AS will be selected through a competition.
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Latvenergo Group is one of the leading energy suppliers in the Baltics operating in electricity and thermal energy generation and trade, natural gas trade and electricity distribution services. Latvenergo AS has been acknowledged as the most valuable company in Latvia for several times. International credit rating agency Moody's has assigned Latvenergo AS an investment-grade credit rating of Baa2/stable.
Latvenergo Group is comprised of the parent company Latvenergo AS (generation and trade of electricity and thermal energy, trade of natural gas) and subsidiaries - Sadales tīkls AS (electricity distribution), Elektrum Eesti OÜ (trade of electricity and natural gas in Estonia), Elektrum Lietuva UAB (trade of electricity and natural gas in Lithuania), Enerģijas publiskais tirgotājs AS (administration of mandatory electricity procurement process) and Liepājas enerģija SIA (generation and trade of thermal energy in Liepaja, electricity generation). All shares of Latvenergo AS are owned by the state and held by the Ministry of Economics of the Republic of Latvia.