The departure of Tomas Balžekas, so far manager of the Lithuanian media business belonging to AS Eesti Meedia, as manager of the 15min portal and the news agency BNS Lithuania will not change the course of the companies, the owner said Tuesday.
Tomas Balžekas
© DELFI / Domantas Pipas

The CEO of AS Eesti Meedia, Sven Nuutmann, said it is inevitable that differences of opinion concerning development strategies arise from time to time between shareholders and also such managers whose so far contribution has been altogether commendable.

"It happened this way also with Tomas Balžekas, whose work to date we greatly appreciate, but whose vision concerning the future did not overlap with the view of AS Eesti Meedia," Nuutmann said in a statement.

He said Eesti Meedia wishes to merge the support services of the Lithuanian businesses more than has been the case to date, in order to be more effective as a group. At the same time, the editorial offices of the media companies will continue working independently just like now, and all existing brands will be preserved.

The CEO of AS Eesti Meedia emphasized that the vision of the parent company is to continue to strengthen the position of the 15min portal and BNS Lithuania in the Lithuanian media market, develop investigative and free journalism, and there is no reason for the employees of the companies to feel insecure.

"The collectives of both companies have done a good job developing the companies and AS Eesti Meedia is absolutely determined to continue along this route," Nuutmann said.

AS Eesti Meedia will start the search for a new manager shortly. Until then the portal 15min and the news agency BNS Lithuania will be managed by Justinas Šimkus, manager of the Lithuanian classifieds businesses belonging to AS Eesti Meedia.

Luxury packaging designer: simpler it looks probably it was harder to develop and design

Burberry. YSL. Givenchy . This is just some famous brands that Vincent Villeger , luxury packaging...

Vilnius airport's platform to be reconstructed

Lithuania's largest Vilnius International Airport is set to invest 12 million euros in to the...

Kaunas Airport expects to attract some EUR 25 mln in investments

Lithuania's second-biggest international airport in Kaunas plans to expand aircraft maintenance,...

Revolut: no plan change in Lithuania

Following media reports that the UK-based fintech startup Revolut , which already has an e-money...

Vilnius ranks second to Riga among Baltic airports by traffic

Lithuania's largest international airport in Vilnius ranked second only to Riga among all Baltic...