Mindaugas Jusius, CEO of KN (AB Klaipėdos nafta), the operator of oil products and liquefied natural gas terminals, decided to leave the organisation for personal reasons. The Board of KN was officially informed about the resignation from the office. Mindaugas Jusius will act as CEO of KN until the end of July, informs Klaipėdos nafta.
Mindaugas Jusius
© DELFI / Audrius Solominas

Mindaugas Jusius was appointed as CEO of KN at the beginning of 2017. Before that, he was an independent member of the Board of the company, also worked at KN Audit Committee.

“It was a tough decision to make as I have been cooperating with KN for almost ten years and I am proud of the results achieved by the company. Over the last two years alone, there have been several significant changes that have led to sustainable future growth. Strategic projects are already delivering tangible results. In July, an important phase of Klaipėda LNG terminal project will be implemented and it will allow us to reduce the cost of security of supply for consumers and provide the basis for a long-term LNG supply to the region. In May, an important stage of development of Klaipėda oil terminal was completed - an additional tank park was launched thus expanding the possibilities of oil product reloading. In addition, KN strategy for the next decade will be approved by the end of the summer. Together with the team we have achieved important organisational changes that have contributed significantly to the reputation of KN as an employer. Currently KN is a strong, modern and competitive organisation. The decision was not easy, but I think it is the best time for this kind of change, so that newly appointed CEO of the company could start with the new development stage of the company,” Mindaugas Jusius explains his decision to change the career direction. In future he plans to focus on developing various new business ideas.

According to Giedrius Dusevičius, Chairman of the Board of KN, a highly competent team will ensure that the organisation successfully fulfils its goals and shareholder expectations.

The Board of KN plans to begin an open selection procedure for the position of CEO of KN soon. The selection process will be conducted in accordance with good governance practices for selecting top management.

“His activities will lead to high expectations from the new CEO. KN is a strategic company, so the new CEO will have to ensure not only the continuity of activities and ongoing projects, but also to take on even greater challenges - to establish the company in the global market by developing and operating LNG terminals,” notes Žygimantas Vaičiūnas, Lithuanian Minister of Energy.

According to the Minister, not only the effective management of the new stage of activities, but also the orientation towards high added value for all shareholders will be expected from the new CEO of KN.

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