The Board of Invalda AB proposes for the General Meeting of shareholders, to be held on July 9, to elect Dalius Kaziunas as the member of the Board. D.Kaziunas is to replace Dailius Juozapas Miseikis, the receding long-standing member of the Board.
Information about D.Miseikis gradually receding from the activity on Invalda Board and staying as a financial investor was announced last year. D.Miseikis plans to maintain his stake in the company.
„D.Miseikis is a long-standing Board member of Invalda, one of the leaders of the company. Dailius made a significant input into the company’s growth, creating its long-term value strategy. His energy, experience and rational approach to business had and still has positive impact on our corporate culture.“ – Darius Sulnis, President of Invalda, said.
Dalius Kaziunas has worked in the Invalda group since 1996, from the very beginning of the formation of financial markets in Lithuania. In 2002 – 2008 he directed Finasta, the largest Lithuanian non-banking financial brokerage company. Dalius Kaziunas also leads the Board of the Finasta bank, which is due to start providing investment and private banking services shortly.
„The management of Invalda values D.Kaziunas as one of the most promising employee with strong goal orientation. His integration into the activities of the Board is already underway. We hope that his participation in the activity of the Board combined with his experience, knowledge and energy, will open still broader possibilities for company developement. We strongly value our vigorous, proficient, highly self-motivated employees. The long-term goal of our company is to form and retain professional, talented team of specialists, so we strive to create professional and career growth opportunities in the group for the best of them.“ –D.Sulnis said.
About the Invalda financial group
The Invalda financial group focuses on asset management as well as private and investment banking. The goal of the group – successful activity development, steady long term growth and high long term financial return to the shareholders. The asset management activity currently concentrates on finance, real estate, pharmacy, furniture manufacturing and roads and bridges construction.
Invalda AB shares have been listed since December 19, 1995 (then – at National Stock Exchange); from the January 1, 2008 the company’s shares have been on the Main List of Vilnius Stock Exchange.
Part of consolidated unaudited net profit of Q1 2008 attributable to the shareholders of Invalda AB has increased 3 times and amounts to LTL 30.5 m, compared with Q1 2007, when the net profit constituted LTL 10 m. The whole consolidated unaudited net profit of the Invalda group for the Q1 2008 reached LTL 29.7 m, i.e. 130 percent more, compared with LTL 12,9 m of the same period in 2007.