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Išbandyti
2013 03 04

Darius Janulevičius steps in as CEO of Lithuania’s Ignalina Nuclear Power Plant

Darius Janulevičius, who has until now worked as CEO of Hermis Capital (currently known as Lime Investments), an investment company in bankruptcy, has been appointed as the new CEO of Ignalina Nuclear Power Plant (INPP), effective from Monday.
Ignalinos atominė elektrinė
Ignalinos atominė elektrinė / Andriaus Ufarto/BFL nuotr.

Energy Minister Jaroslav Neverovič had signed a decree appointing Janulevičius, 39, to head the state-run company which is decommissioning the nuclear power plant from March 4, according to Daiva Rimašauskaitė, an adviser to the minister.

Janulevičius was chosen from a pool of four candidates.

Janulevičius, who was also one of the partners of Hermis Capital, headed the investment company from 2004. The shareholders of the company, which sold off most of its investments over the last several years, went their separate ways.

Several years ago, Hermis Capital exited most of its businesses. In particular, it sold the shares it held in the agricultural investment company Agrowill Group, the refrigerator manufacturer Snaigė, Norway’s electronics company Kitron. Moreover, it transferred the control of Diena Media News. In December 2010, it sold a stake in Geonafta, one of Lithuania’s largest oil exploration and production groups, to Poland’s second biggest oil refiner Lotos.

Hermis Capital also made investments in now bankrupt Vilniaus Vingis, Rokiškio Sūris (Rokiškis Cheese), passenger conveyance company Kautra, Kauno Popierius (Kaunas Paper).

Hermis Capital posted 50.252 million litas (EUR 14.56m) in losses for 2010, reversing the year-earlier net profit of 10.739 million litas.

Žilvinas Jurkšus, previous CEO of Ignalina NPP, was dismissed on February 5 after losing the confidence of the minister.

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