Published: 2020-10-16 15:09:35 CEST
Changes board/management/auditors

On changes in the Management Board of Latvenergo AS

Riga, 2020-10-16 15:09 CEST -- Uldis Bariss, Member of the Management Board, Chief Commercial Officer of Latvenergo AS, has decided not to continue working in the Management Board of the company after his authorisations expire on 15 November 2020. Starting from November 16, U. Bariss will start fulfilling duties of the Chairman of the Management Board at Conexus AS.

As Chief Commercial Officer U. Bariss has been responsible for energy wholesale, marketing and customer service, billing, and regulatory affairs. Since 2018, he is supervising energy generation planning, technical management of HPPs and CHPPs, and also generation projects.

A new member of the Management Board of Latvenergo AS will be selected through a competition.

Additional information:
Jānis Irbe
Group Treasurer
Phone: +371 29 453 897

About Latvenergo

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.