Published: 2017-12-21 15:22:47 CET
LHV Group
Company Announcement

New Management Board of UAB Mokilizingas elected

The Supervisory Board of UAB Mokilizingas, belonging to the AS LHV Group consolidation group, has elected new Management Board members. Previous board members Erki Kilu, Mantas Jonuška and Jurgis Rubaževičius were recalled. New UAB Mokilizingas Management Board was elected for a 4-year period and consists of members Benas Pavlauskas, Jonė Virbickienė, Saulius Kuliešius and Raimondas Štreimikis.

“Changes regarding the Management Board were made due to two reasons. Separating the Supervisory Board from executive management creates a two-level management system, in which the functions and responsibilities are clearly differentiated. The Management Board may concentrate fully on everyday operations. The elected board members are very capable to continue their activities in recent months in order to bring Mokilizingas to the next level in quality and growth paths,“ commented Madis Toomsalu, CEO of LHV Group.

Benas Pavlauskas is a member of the Management Board of UAB Mokilizingas since June 2015 and the Chief Executive Officer of UAB Mokilizingas since January 2016. He was working as Chief Operating Officer of UAB Mokilizingas from June 2015 until January 2016.

Jonė Virbickienė has been elected as a new member of the Management Board as well as the chairperson. UAB Mokilizingas is the first company where she is going to take part as the Management Board member, however, she is the deputy Chief Executive Officer of UAB Mokilizingas since July 2017 and the Chief Financial Officer of UAB Mokilizingas since October 2016. Before that Jonė Virbickienė worked as an Assistant Manager at UAB PriceWaterhouseCoopers up until September 2016. 

Saulius Kuliešius is a new member of the Management Board of UAB Mokilizingas. He is the deputy Chief Executive Officer of UAB Mokilizingas since July 2017 and Commerce manager of UAB Mokilizingas since May 2016. Up until May 2016 that he took a position as Sales department manager of UAB Mokilizingas. Addittionaly, Saulius Kuliešius is the General Manager of UAB Mokilizingas’ Latvian branch since September 2015.

Raimondas Štreimikis is a new member of the Management Board of UAB Mokilizingas. He is the Chief Executive Officer of e-learning companies UAB E.mokykla and UAB Tavo mokykla since June 2016. Additionally, he was the Project Manager at UAB Žabolis ir partneriai since January 2015 as well as participating as the Management Board member of UAB ZIP7 since May 2016.

Members of the Management Board of UAB Mokilizingas do not hold any shares of AS LHV Group.

UAB Mokilizingas is the Lithuanian business unit of AS LHV Group in which LHV holds a 50% shareholding plus one share. It is a financial institution offering hire-purchase and consumer loan services in the Lithuanian market.
LHV Group is the largest domestic financial group and capital provider in Estonia. LHV Group's key subsidiaries are AS LHV Pank and AS LHV Varahaldus. LHV employs about 350 people and over 131,000 customers use LHV’s banking services. Pension funds managed by LHV have 178,000 customers.

         Priit Rum
         Communication Manager
         Phone: +372 502 0786
         Email: priit.rum@lhv.ee