Arunas Šikšta has decided to leave the position of general manager of TEO and the board has accepted his resignation. A. Šikšta has headed TEO since January 2004.
Giedrius Vegys, currently CFO, has been appointed as acting general manager of TEO. He joined TEO in 2004 as a head of risk management unit and since April 2009 he is in charge of finance division.
“TEO proved its success for many years and managed to maintain its leading positions on the market. TEO currently is a strong company and I believe that Giedrius Vegys will lead a smooth transition until appointment of new general manager. I have a strong confidence that TEO will continue to create a high value for its customers, employees and shareholders,” said Malin Frenning, chair of the TEO board.
“During the last nine years TEO has become one of the largest telecommunication companies in the Baltic States, providing universal communication, data transmission, TV and IT services. I am especially proud that together with the one of the most professional team in Lithuania we managed to ensure not only a high profitability but also high confidence of the customers. After implementing those objectives I am ready for new professional activities,” said Šikšta.
Antanas Poška, currently director of accounting department, will temporarily act as CFO.
