In the beginning of this year, KN launched implementation of the digitalisation and innovation strategy developed by its in-house staff.  On Wednesday, continuing the digital transformation initiative, KN organised the first KN hackathon, in which KN employees developed a mobile app for recording operating incidents and risks.

Over 40 KN team members participated in the first KN hackathon, where during approximately five hours they were searching for the optimum solution of 'one-stop-shop' reporting by KN staff about various organisational matters to be improved – in particular, the ones related to operating risks and incidents. 

'We are looking for most simplest ways for our employees, even those at non-computerised workplaces, to report various matters arising in daily activities that need attention or improvement: starting from occupational safety matters and finishing with various, in simple language, household matters, solutions to be improved, to achieve more effective and efficient operation. Besides, it is an excellent way to bring different members of the organisation together, to promote cooperation, to mature new ideas and exchange them', said KN Legal and Administrative Director, Head of KIN Digitalisation and Innovation Strategy Rytis Valūnas.

The hackathon is one of the measures contributing to KN digital transformation promotion. The KN digitalisation and innovation strategy consists of five activity directions, in total. The strategy is oriented at digitalisation and simplification of business processes, installation and application of business analytics tools, creation of staff community communicating and cooperating in cyberspace and improvement of customers' experience. Attention is focused on industrial technology as well – digital twin of Klaipėda oil terminal will be developed, automatic train carriage recognition system will be installed, opportunity to install inductive pipeline heating technology will be developed. Creation of innovative working environment is highly important for the implementation of all these directions stipulated in the KN digitalisation and innovation strategy, in order to transform all employees of the company into an organisation, which would be engaging, continuously learning and open to digital technology and innovations.

The KN digitalisation and innovation strategy is exclusive for being developed by the  in-house employees.

'Obviously, operation digitalisation and openness of the organisation to innovations are crucial factors today, which allow increasing staff's productivity and cutting down operating costs, making faster and better business solutions and creating bigger value for clients, at the same time increasing motivation of the organisation. More important, this strategy was developed and is being implemented by the employees themselves, who voluntarily formed a KN team of innovators. The main goals include pursuit of effectiveness, improvement of business processes and our business growth, which are highly important for KN shareholders, since real financial benefits are generated, while modern and innovative approach of the company is required in potential international projects, development of which is the focus of the organisation', emphasised Mr. Valūnas.

The digitalisation and innovation strategy will update a part of the KN activity strategy until 2030.
 

Mindaugas Jusius, CEO of KN (AB Klaipėdos nafta), the operator of oil products and liquefied natural gas terminals, decided to leave the organisation for personal reasons. The Board of KN was officially informed about the resignation from the office. Mindaugas Jusius will act as CEO of KN until the end of July.
 
Mindaugas Jusius was appointed as CEO of KN at the beginning of 2017. Before that, he was an independent member of the Board of the company, also worked at KN Audit Committee.
 
“It was a tough decision to make as I have been cooperating with KN for almost ten years and I am proud of the results achieved by the company. Over the last two years alone, there have been several significant changes that have led to sustainable future growth. Strategic projects are already delivering tangible results. In July, an important phase of Klaipėda LNG terminal project will be implemented and it will allow us to reduce the cost of security of supply for consumers and provide the basis for a long-term LNG supply to the region. In May, an important stage of development of Klaipėda oil terminal was completed - an additional tank park was launched thus expanding the possibilities of oil product reloading. In addition, KN strategy for the next decade will be approved by the end of the summer. Together with the team we have achieved important organisational changes that have contributed significantly to the reputation of KN as an employer. Currently KN is a strong, modern and competitive organisation. The decision was not easy, but I think it is the best time for this kind of change, so that newly appointed CEO of the company could start with the new development stage of the company,” Mindaugas Jusius explains his decision to change the career direction. In future he plans to focus on developing various new business ideas.
 
According to Giedrius Dusevičius, Chairman of the Board of KN, a highly competent team will ensure that the organisation successfully fulfils its goals and shareholder expectations.
 
“Of course, on behalf of the Board, I would like to thank M. Jusius for his sincere and strong leadership in the company. The company employs excellent employees, competes very successfully in the oil product transhipment market, actively develops the business infrastructure, boldly goes into the global LNG infrastructure market. The company’s business is not only stable but also promising as the long-term strategy is currently being finalized. Decision of M. Jusius is understandable, and we will launch a selection process of the candidate for the position of KN CEO soon,” says Giedrius Dusevičius.
 
The Board of KN plans to begin an open selection procedure for the position of CEO of KN soon. The selection process will be conducted in accordance with good governance practices for selecting top management.
 
“His activities will lead to high expectations from the new CEO. KN is a strategic company, so the new CEO will have to ensure not only the continuity of activities and ongoing projects, but also to take on even greater challenges - to establish the company in the global market by developing and operating LNG terminals,” notes Žygimantas Vaičiūnas, Lithuanian Minister of Energy.
 
According to the Minister, not only the effective management of the new stage of activities, but also the orientation towards high added value for all shareholders will be expected from the new CEO of KN.

Klaipedos nafta, AB, (hereinafter - the Seller) hereby informs about the announcement of sales auction (hereinafter - the Auction) of dark oil products in bulk (hereinafter - the Product). The Auction shall be performed in accordance with the Rules of auctioning of the oil products in bulk of Klaipėdos nafta, AB, (hereinafter - the Rules), confirmed by the Seller and publicly announced on the Seller’s website www.kn.lt.

1. The notice of AB Klaipedos Nafta regarding the auction of oil products in bulk
2. The Rules of auctioning of the oil products in bulk of AB Klaipėdos Nafta
3. Main conditions of the sales and purchase agreement
4. Quality certificate of the Product
5. Proposal template
6. Annex 1 to main conditions
7. AB Klaipedos Nafta general terms and conditions for the provision of services