Vilniaus Baldai AB - Notification on material event

Vilniaus Baldai, AB will be led by Rimantas Vaitkus

Vilnius, Lithuania, 2014-05-07 07:31 CEST (GLOBE NEWSWIRE) -- 

Vilniaus Baldai, AB, one of the largest Lithuanian furniture manufacturing
companies, will be led by Rimantas Vaitkus who has long-term experience in
managing companies. 
By the decision of the Board of Vilniaus Baldai, AB, Mr. Vaitkus will hold the
CEO position from 12 May 2014. 
Mr. Vaitkus acquired his Doctor‘s degree of Natural Sciences in Vilnius
University Faculty of Physics. He spent two years at the university of Tokai
(Japan), later had been working as a scientist at Semiconductor Energy
Labaratory, Ltd. (Japan). Since 1999 to 2001 Mr. Vaitkus held the position of
vice minister at the Ministry of Economy of the Republic of Lithuania,
responsible for nuclear energetics, later spent seven years as the CEO of IBM
Lietuva, Ltd. For the last six years Mr. Vaitkus has been working for several
electricity producing companies, and since 2011 held the CEO position at
Visagino Atominė Elektrinė and was responsible for the project on the new
nuclear power plant of Visaginas. 


         Additional information:
         Rasa Cencoviene
         CEO of Vilniaus baldai AB
         Phone No.: +370 (5) 2525754