TEO LT, AB - Notification on material event

Ramūnas Bagdonas will take the position of Director of Human Resources Unit of TEO from 1 January 2014

Starting from the 1st of January 2014, Ramūnas Bagdonas will take the position
of Director of Human Resources Unit of TEO, the largest provider of integrated
telecommunication, IT and TV services in Lithuania. R. Bagdonas, who is 39
years old, until now has been working at Philip Morris International, where he
recently held the position of Director HR Strategy and Planning at the
company's headquarters in Lausanne, Switzerland. 

R. Bagdonas has been working for 13 years in total for Philip Morris. He will
return to Lithuania after more than six years of his career abroad. While
working in Lithuania from 2002 to 2008, R. Bagdonas held the position of
Manager Human Resources Operations of the company in the country, later he was
responsible for the development of the HR policy for the three Baltic States.
In 2008 R. Bagdonas continued his career in Poland, where he worked as Director
Lead HR Business Partner Poland and Baltic States. Over the past two years of
working in Switzerland, he was responsible for HR strategy and planning for the
whole corporation with 88 thousand employees in total. 

R. Bagdonas is a graduate of the International Executive MBA program at the
Baltic Management Institute, as well as holds a Master's degree in Business
Administration and Management from the Vytautas Magnus University. Later, he
continued his professional development by studying at several universities and
academies in the United Kingdom and Switzerland, and currently studies under
the Human Resources Management Study Programme of the Cornell University (USA).
R. Bagdonas is one of the founders of the Lithuanian Association of Human
Resources Professionals. "After 13 years of working in one company, it will be particularly interesting
to start working in the telecommunications market, which is constantly looking
forward into the future and is never short of challenges. I always aim to
understand the fundamental business challenges and help overcome them by
applying a HR strategy suitable for that purpose", - R. Bagdonas said. 

According to Kęstutis Šliužas, General Manager of TEO, R. Bagdonas's long-term
international experience will be of great value to TEO, which is seeking to
consolidate its positions among the best employers in the country, to
strengthen the partnership between the Company and its employees, and thus
create value for TEO customers and shareholders. 

Bertil Abrahamsson, the current acting Director of Human Resources Unit of TEO,
in January 2014 will return to work as Vice-President of Human Resources at
TeliaSonera Headquarters in Stockholm. 




         Antanas Bubnelis,     Director of Corporate Communication Unit,
         tel. +370 5 236 75 37

Attachments:

Ramunas_Bagdonas.jpg