LTGCommittees of the Board
In accordance with the LTG Group’s Articles of Association, the Board decides on the establishment of committees, which are advisory bodies to the Board on matters within the Board’s competence, in order to effectively carry out its functions and duties.
The following committees of the LTG has been formed:
- Audit and Risks Committee,
- Appointments and Remuneration Committee.
The Committee must have at least 3 members. Members of the Board and other persons who are not members of the Board may be appointed as members of the Committee. An independent member of the Board shall be appointed as the Chairperson of the Committee.
Members of the Committees are appointed and dismissed by the Board. Chairpersons of the committees are elected by the members of the committees. The Committee shall be set up and its members appointed for a period not exceeding the term of office of the Board. There is no limit to the number of terms of office of members of the Committee.
More information on the activities of the committees and their functions is provided in the LTG annual reports.
The Audit and Risks Committee acts as an advisory body to the LTG Board of Directors, whose main task is to provide opinions and proposals to the LTG Board of Directors on the functioning of the internal and external audit, risk management and control systems in LTG and its subsidiaries.
The term of office of three members of the LTG Audit and Risks Committee started on 31 July 2025, and one member joined the Audit and Risks Committee on 27 January 2026.
All members of the Audit and Risks Committee are members of the LTG Board.
Michael Fohrer
Chairperson of the Committee, member of the Committee since 31 July 2025
Michael Fohrer currently works as a Senior Consultant to PILZ, a Senior Advisor to the Boston Consulting Group (BCG), a Member of the Supervisory Board at ABK Bank, and a Member of the Advisory Board at RAIL Sachsen e.V.
With over 30 years of international leadership experience in the transport and industrial sectors, Michael Fohrer is a highly accomplished executive. During his career at Bombardier Transportation in Germany, he served as Chairman of the Management Board and President of the CEI region (Central and Eastern Europe and Israel). Earlier roles included leading divisions of locomotives, light rail vehicles, and services.
He holds a degree in Business Administration from Pforzheim University and completed the Senior Executive programme at the Darden School of Business in the United States. His areas of expertise include organisational transformation, operational efficiency, leadership development, and change management.
Peter Nielsen
Member of the Committee since 31 July 2025
From 2021 to 2025, Peter Nielsen served as Head of NATO’s Force Integration Unit in Vilnius, where he was responsible for facilitating the deployment and sustainment of NATO reinforcements in Lithuania. Prior to this, he held senior leadership positions within the Danish Ministry of Defence, led training institutions and military units, commanded missions in Afghanistan, and served at NATO Headquarters in Brussels.
He is a graduate of the Royal Danish Military Academy, where he finished first in a class of 64, and holds both Bachelor’s and Master’s degrees in Military Studies from the Royal Danish Defence College, where he also completed a Strategic Leadership programme.
With more than 30 years of leadership experience in international defence and security, Peter specialises in strategic leadership, organisational development, personnel management, crisis management, and intercultural cooperation.
Saulius Kerza
Member of the Committee since 31 July 2025
A. Vilkelis is currently a transport manager at the Swiss Post (Switzerland) and a member of the Supervisory Board of the Klaipėda State Seaport Authority.
He holds a PhD in technology from Vilnius Gediminas Technical University. He has carried out research and academic activities in transport and logistics at the research institutes ETH Zurich (Switzerland) and FH Erfurt (Germany).
A. Vilkelis is a global logistics business development and management professional with more than 10 years of experience in the e-commerce, chemical, pharmaceutical and automotive industries, working for multinational corporations as well as at the research institute ETH Zurich.
Aurimas Tomas Staškevičius
Member of the Committee since 27 January 2026
R. Švedas is currently a member of the Supervisory Board of RB Rail AS, Head of the Governance Unit of the Governance Coordination Centre, Associate Professor of Partnerships at the Institute of International Relations and Political Science, Vilnius University, and founder and director of MB Romas Švedas ir partneriai. He is also a board member of the non-governmental organisation European Movement Lithuania and a facilitator of the Business Leadership Training Centre.
R. Švedas graduated from the Faculty of Law of Vilnius University (Master’s degree), then took a course in political democracy at Umeå University in Sweden, and advanced his knowledge of international trade at the World Trade Organisation in Geneva and the Institute of International Law in Washington. He has completed training for board members and board chairmen at the Baltic Institute of Corporate Governance.
R. Švedas has outstanding experience in Lithuania’s diplomatic service, energy, transport and environmental impact assessment sectors. From 2016 to 2021, he was the Chairman of the Board of AB Lietuvos geležinkeliai, and an independent member of the Board.
The remuneration of members of the Committee
Name, surname | Responsibilities, independence criteria | Monthly remuneration |
|---|---|---|
Michael Fohrer | Chairperson of the Audit and Risks Committee, independent member of the Board | 2 681 |
Peter Nielsen | Member of the Audit and Risks Committee, independent member of the Board | 1 787 |
Saulius Kerza | Member of the Audit and Risks Committee, member of the Board delegated by the shareholder | Remuneration is not paid |
Aurimas Tomas Staškevičius | Member of the Audit and Risks Committee, independent member of the Board | 1 787 |
*The remuneration of the members of the Committees shall be determined in accordance with the Order No. 3-536 of the Minister of Transport and Communications of the Republic of Lithuania of 2 December 2022 ‘On the remuneration of the members of the Board of Directors and the members of the Committees of the joint-stock company Lietuvos geležinkeliai’. The procedure for payment to members of the Board of Directors and the committees of the joint stock company Lietuvos geležinkeliai for their activities in these bodies shall be determined by the Resolution of the Government of the Republic of Lithuania No 1092 ‘On the approval of the description of the procedure for the payment of remuneration to members of the collegial bodies of state-owned enterprises and municipally-owned enterprises and the civil liability insurance for members of the collegial bodies of state-owned enterprises and municipally-owned enterprises’ of 5 August 2022 and by the agreements on the activities of the members of these bodies.
The remuneration of a Committee member shall be reduced if the Committee member does not attend Committee meetings, recuses himself/herself from issues due to conflicts of interest, does not express an opinion on agenda items, does not vote on agenda items, does not carry out the activities of a Committee member, does not devote the necessary amount of time provided for in the agreement, or carries out the work inappropriately.
A member of the Committee who is a civil servant shall not be remunerated for his/her work on the Committee.
The Appointment and Remuneration Committee acts as an advisory body to the Group’s Board of Directors, with the main task of providing conclusions, opinions, recommendations and proposals to the Board of Directors on matters relating to the selection of management and the setting of remuneration policy, as well as proposals on the selection of members of the governing bodies of the Group’s subsidiaries.
The term of office of two members of the LTG Appointment and Remuneration Committee started on 31 July 2025, and one member joined the Committee on 27 January 2026.
All members of the Appointment and Remuneration Committee are members of the LTG Board.
Robertas Vyšniauskas
Chairperson of the Committee, member of the Committee since 27 January 2026
Robertas Vyšniauskas currently serves as an independent member and Chair of the Supervisory Board of Klaipėdos nafta, an independent Board Member and Chair of the Board of EPSO-G, and as a Lecturer at the Vilnius University Business School.
He holds a Master’s degree in Law from Mykolas Romeris University.
Mr Vyšniauskas has more than 20 years of experience in law, corporate governance, investments, mergers and acquisitions. He has accumulated significant expertise in corporate strategy development, investment decision-making, team formation, as well as risk and financial management.
Tomas Zdanavičius
Member of the Committee since 31 July 2025
Tomas Zdanavičius currently does not hold any other positions.
He holds a Bachelor’s degree in Communication and Information Sciences from Vilnius University and a Master’s degree in Business Administration from Vilnius Gediminas Technical University. He also completed an Executive MBA at the Baltic Management Institute (BMI) and a Data Analytics course at Turing College.
With more than two decades of leadership experience in the logistics sector, Tomas has developed strong expertise in sales strategy, business development, management, and the expansion of regional and international markets. From 2007 to 2025, he served as Country Manager, Co-founder and Co-owner of Hellmann Worldwide Logistics UAB. He has also been a member of the management boards of UAB Edenred Finance, Hellmann Worldwide Logistics OÜ in Estonia, and Hellmann East Europe GmbH & Co. KG in Germany.
Agnė Amelija Mikalonė
Member of the Committee since 31 July 2025
A. A. Mikalonė is currently a Senior Adviser to the Ministry of Transport and Communications, as well as a member of the Board of AB Kelių priežiūra and the Board of the Lithuanian Road Administration.
A. A. Mikalonė holds a Bachelor’s degree in Law and a Master’s degree in International Law from Mykolas Romeris University. She has completed training for board members at the Baltic Institute of Corporate Governance.
A. A. Mikalonė has experience in strategic planning, corporate governance, organisational development and transformation, and strategic infrastructure projects. Mikalonė gained practical experience in implementing strategic objectives through her participation in the boards of directors and supervisory boards of energy companies: UAB EPSO-G, AB Klaipėdos nafta, State Enterprise Ignalina Nuclear Power Plant, AB Amber Grid.
The remuneration of members of the Committee
Name, surname | Responsibilities, independence criteria | Annual net remuneration*, EUR |
|---|---|---|
Robertas Vyšniauskas | Chair of the Appointment and Remuneration Committee, Chairman of the Board, independent member of the Board | 2 681 |
Tomas Zdanavičius | Member of the Appointment and Remuneration Committee, independent member of the Board | 1 787 |
Agnė Amelija Mikalonė | Member of the Appointment and Remuneration Committee, Member of the Board delegated by the shareholder | Remuneration is not paid |
*The remuneration of the members of the Committees shall be determined in accordance with the Order No. 3-536 of the Minister of Transport and Communications of the Republic of Lithuania of 2 December 2022 ‘On the remuneration of the members of the Board of Directors and the members of the Committees of the joint-stock company Lietuvos geležinkeliai’. The procedure for payment to members of the Board of Directors and the committees of the joint stock company Lietuvos geležinkeliai for their activities in these bodies shall be determined by the Resolution of the Government of the Republic of Lithuania No 1092 ‘On the approval of the description of the procedure for the payment of remuneration to members of the collegial bodies of state-owned enterprises and municipally-owned enterprises and the civil liability insurance for members of the collegial bodies of state-owned enterprises and municipally-owned enterprises’ of 5 August 2022 and by the agreements on the activities of the members of these bodies.
The remuneration of a Committee member shall be reduced if the Committee member does not attend Committee meetings, recuses himself/herself from issues due to conflicts of interest, does not express an opinion on agenda items, does not vote on agenda items, does not carry out the activities of a Committee member, does not devote the necessary amount of time provided for in the agreement, or carries out the work inappropriately.
A member of the Committee who is a civil servant shall not be remunerated for his/her work on the Committee.