Baltaduonis steps down as CEO

Ričardas Baltaduonis
DELFI / Domantas Pipas

“Regardless of how attached I was to, I will no longer be with it from this Friday on – the child has grown enough to proceed with its independent life. I am grateful to everyone I met, I am grateful for the opportunities and the chances to make mistakes,” Baltaduonis said on his Facebook feed on Monday.

He served as CEO since 2006.

Big Group company operated by businessman Benas Gudelis owns 34 percent in the media group Lietuvos Rytas, 25 percent is held by Gedvydas Vainauskas, 12.5 percent by Vidmantas Strimaitis and another 5.6 percent by the company itself.

You may like

Be the first to comment

Leave a Reply

Your email address will not be published.