KN Supervisory Board  of AB “Klaipėdos nafta” (KN) announces selection of four candidates for independent members of the Management Board in these areas:

• Financial and risk management area.
• Strategic management, change and transformation area.
• Business development and international expansion area.
• The industry in which the Company operates area.

Each Board member should devote sufficient time and attention to perform the duties of the member of the Board. A board member should be able to appoint at least 2-3 days and a chairman at least 3-4 days a month.
Fixed remuneration of a member of the Board per calendar month is EUR 2,095 (before taxes), the chair of the Board receives EUR 2,400 per calendar month (before tax). Remuneration is set as per Company’s remuneration policy.

We invite you to be part of the history in energy field and Bridge Energy Markets together with KN.
 

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Requirements for candidates:

• General requirements for candidates of independent Board members and requirements for their reputation:
  1. A candidate must have a university degree or equivalent education.
  2. A candidate shall have unlimited and not deprived right to perform respective duties and functions assigned to those duties.
  3. During the last 5 years, a Candidate has not been dismissed from the body of a legal entity due to improper performance of duties.
  4. There must be no relations with other natural and legal persons that would give a rise to conflict of interest in the performance of the duties of an independent member of the Board.
  5. There should be no circumstances, established in Section 5 of the Republic of Lithuania Law on the Adjustment of Public and Private Interests in the Public Service, due to which the candidate of independent member of the Board should be unable to work as a manager of state-owned enterprise or be a member of a collegial body.
  6. There should be no circumstances, established in Article 17 of the Republic of Lithuania Law on the Protection of Objects of Importance to Ensuring National Security, due to which the candidate of independent members of the Board should be unable to be appointed as a member of the Board of the Company.
  7. A person, for whom his or her criminal record for any criminal offense has not become extinct, may not be considered as a candidate.
  8. A person, whose authority to represent the State or municipality over the last 5 years has been cancelled due to improper representation, cannot be considered as a candidate for independent member of the Board.
  9. The candidate must meet the specific requirements of its decision of the selection initiating entity (the Supervisory Board).
• Members of the Supervisory Board of the Company and other persons, who in accordance with the legislation in force cannot perform the duties, cannot be appointed as the members of the Board.
• A member of the Board is considered as independent only in cases when he/she is not associated with the Company, its shareholders or administration by any business, family, or other relationships, which are or may give rise to a conflict of interest and may affect the reputation of the Board member. The candidate for independent members of the Board shall comply with the criteria set out in the description of the procedure for the implementation of property and non-property rights of the state in state-owned enterprises.
•  The criteria of requirements of impeccable reputation and independence, as well as the criteria of requirements of integrity are provided in the Declaration of impeccable reputation and independence of candidates to the independent members of the Board of Joint-stock Company “Klaipėdos Nafta”  and Candidate's application for the selection and declaration of integrity .

 
Qualifications and competency requirements for candidates of independent members of the Board:

1. While evaluating candidates to independent members of the Board, the priority shall be given to the candidates who can best contribute to the implementation of the company's strategic goals and the need to ensure that all the necessary competencies are ensured for the quality of the Board's activities, considering the responsibilities and decisions of the Board.
2. The requirements of special competences are established to the Board’s area of competence, specified in the Articles of Association of the Company, in a way to ensure the formation of competences of the Board, established in the Law on Companies of the Republic of Lithuania and Articles of Association.
3. The competences of candidates to independent members of the Board must be in line with main areas of responsibility of the Board.
4. A matrix of qualification requirements and competences for candidates to independent members of the Board was concluded, based on which detailed mandatory and additional qualification requirements for the candidates for each area are established, in accordance with the areas of competence of the Board.

 
Participation in the selection process. The candidates shall submit documents by September 20, 2021 by e-mailing Executive Search agency UAB “J. Friisberg & Partners” [email protected]  with the subject “KN Board Member”. Contact phone for inquiry Nijole Kelpsaite, phone No +370 699 43033.
 
Candidates must submit:

1. The candidate’s curriculum vitae (CV).
2. Motivational Letter.
3. A copy of an Identity document.
4. Copies of Diploma of higher education.
5. Signed candidate’s Declaration of impeccable reputation and independence (Annex 1).
6. Signed Candidate’s application for participation in the selection and the declaration of integrity (Annex 2).

 
Enclosed:

• Description of selection for independent management board members of KN
• Annex 1. Declaration of impeccable reputation and independence of a candidate for KN
• Annex 2. Candidate's application for selection and declaration of integrity
• Annex 3. Profile (matrix) of the Board’s competences
• Annex 4. Action plan for selection of independant management board members of KN