Douglas Lubbe, the chair of the board and member of the Remuneration Committee of Telia Lietuva, will resign from his position on October 14.
Lubbe, as representative of the largest shareholder of Telia Lietuva, Telia Company AB, was elected to the board of Telia Lietuva on November 23, 2020 and re-elected for the two-years’ term on April 27, 2021.
Up until October 14 Lubbe will hold the CFO position at Telia Sverige AB (Sweden), and will leave Telia Company Group on that day to pursue his career in the UK.
The current term of the company’s board terminates on 7 April 27, 2023, therefore it is not planned to elect a new member of the board to substitute the resigned one, and during the forthcoming meeting of the board a new chair will be elected from the current members of the board and a new member of the Remuneration Committee will be appointed.
The board of Telia Lietuva consist of six members elected for two-years’ term.
