Stasys Dailydka, long-standing CEO of Lietuvos Geležinkeliai (Lithuanian Railways, or LG), has turned in his resignation, the state-run company said.
Stasys Dailydka
© DELFI / Karolina Pansevič

"Actions of certain groups targeted directly against me affect one of Europe's strongest transport companies, thus damaging its image and reputation. In the current situation, I do not see a possibility to continue the work that has been started," LG cited Dailydka as saying in a press release.

Dailydka expressed hope that his post at the helm of Lietuvos Gelezinkeliai would be taken by a professional who "will preserve the name of a reliable haulage and logistics partner, and the company will continue its successful competition on the transport market."

On Thursday, Dailydka and Rimantas Sinkevičius, acting head of the Transport and Communications Ministry that operates the railway company, had an unannounced meeting with outgoing Prime Minister Algirdas Butkevičius.

Dailydka, 63-year-old doctor of transport engineering by education, has been heading Lietuvos Geležinkeliai for a decade after serving as the chief of the company's Passenger Transport Board in 2002-2006. He also held a leading position in Lindra company and headed Lietuvos Avialinijos airline for five years.

Lithuania's media has lately raised questions about LG distribution of support and internal deals, by which the company purchased locomotive parts from Russia without any tenders.

Leave a comment
or for anonymous commenting click here
By posting, you agree to terms
Read comments Read comments

The future of real estate industry is here already

The Fourth Industrial Revolution (4IR) is already affecting every corner of economy and our lives, and...

China national TV’s attention to Lithuanian business

On November 5–10, Shanghai is hosting the China International Import Expo 2018. Invitations to the...

Lithuania to further promote quality standards in FinTech sector: official

Number of FinTech companies in Lithuania increased threefold in the last year, however the Baltic...

Salary growth in the Baltic States. Estonia leads, Lithuania is not far behind

According to the biggest remuneration survey in the Baltics, conducted by “Baltic Salary Survey”,...

PM sees no grounds for new economic crisis

Lithuanian Prime Minister Saulius Skvernelis says he sees no grounds for a new economic crisis to...