Vilniaus Baldai AB - Notification on material event

Vilniaus Baldai, AB will be led by Dalius Aleksandravicius

Vilnius, Lithuania, 2013-12-30 08:34 CET (GLOBE NEWSWIRE) -- 

Vilniaus Baldai, AB, one of the largest Lithuanian furniture manufacturing
companies‘, will be led by Dalius Aleksandravicius who has experience of large
companies‘ management and will replace Aidas Mackevicius. 

By the decision of the Board of Vilniaus Baldai, AB 45 years-old Mr.
Aleksandravicius will hold the CEO position from 6 January 2014 and Mr.
Mackevicius will work as an advisor till 25 January 2014. 

Mr. Aleksandravicius acquired his engineer- economist degree in Vilnius
University Faculty of Economics. Since April 2011 till the end of 2013 he held
director‘s position in strategy and development department at Lesto, AB, was
member of the Board of Technologiju ir Inovaciju Centras, UAB (Technology and
Innovation Center). Previously, he worked as an executive sales director in the
life insurance company MetLife Amplico (July 2010 - March 2011), he has been
member of the Board and director of sales management department of SEB Life
Insurance (February 2008  - March 2010). Since 1996 Mr. Aleksandravicius held
various positions in SEB bank. 



         Additional information:
         Aidas Mackevicius
         CEO of Vilniaus baldai AB
         tel. +370 5 2525700