Bartuška appointed as CEO of Lithuanian Railways, Švedas as board chairman

The management board of the country’s largest company, which has lately come on the radar screen of law-enforcement, approved the appointments at its first meeting on Friday, marking the first time since independent hat a new minister has replaced the management of a state-owned enterprise so quickly, within three days.

“The first task for Bartuška is to carry out a full legal and financial audit, address the public procurement issues, cooperate with law-enforcement and turn LG into a company we could be proud of,” Transport Minister Rokas Masiulis said in a news conference.

“There is a lot of work to do and the situation LG is currently in must be improved, and I believe that we, through our work, can change the situation and change LG to make it a company that is transparent and governed by clear principles and brings benefit to the state,” he said.

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Bartuska, 32, in September 2014 took over as CEO of Klaipėdos Nafta from Rokas Masiulis following the latter’s appointment as the country’s energy minister.

Before that, Bartuška, who has a degree in management and business administration, held the post of director of the finance and administration department at Klaipedos Nafta. His previous career included the position of a consultant with Ernst and Young. The business daily Verslo Žinios and the Financial Analysts’ Association in 2014 named him the Chief Financial Officer of the Year.

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