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Normunds Narvaiss appointed chairman of Rigas Satiksme supervisory board
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    News

    Normunds Narvaiss appointed chairman of Rigas Satiksme supervisory board

    RIGA, July 19 (LETA) - Normunds Narvaiss has been appointed chairman of Rigas Satiksme municipal transport company’s supervisory board, LETA was told at the company.

    Rigas Satiksme’s new supervisory board – Ainars Ozols, Andrejs Pancenko and Narvaiss – convened for the first meeting today. Narvaiss was elected the board’s chairman and Ozols his deputy. Discussions at the first supervisory board’s first meeting dealt with the company’s current affairs and immediate tasks.

    “Since none of the new board members has worked at Rigas Satiksme previously, the main priority now is to get familiar with the company’s overall situation, so that the board can work out a sustainable management model and select a professional management board,” Rigas Satiksme representatives said.

    As reported, Riga Vice-Mayor Vadims Baranniks has set up a new supervisory board for the municipal public transport company Rigas Satiksme. The new supervisory board includes former SEB Banka CEO Ainars Ozols, car rental ALD Automotive board member Andrejs Pancenko, state highway maintenance company Latvijas Autocelu Uzturetajs supervisory board member Normunds Narvaiss, and current Juris Svanders who currently is a member of Rigas Satiksme's temporary management board. Svanders will only be able to accept the job after he steps down from Rigas Satiksme management board.

    The supervisory board will have to confirm Rigas Satiksme's medium-term strategy and the company's annual budgets, appoint chairperson and members of the company's management board, and ensure at all times that all issues and affairs at Rigas Satiksme are handled according to the law, the company's articles of organization and decisions made at the company shareholders' meetings. The supervisory board will also review Rigas Satiksme's annual reports, management reports and management board's proposals regarding distribution of the company's annual profit, and others.

    Setting up a new supervisory board at Rigas Satiksme was proposed by Ernst&Young audit company after it carried out an audit at Rigas Satiskme, on the basis of which the Rigas Satiksme criminal case was started.

    • Published: 19.07.2019 14:41
    • LETA
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