Announcements

On 11 September 2026 at the Shareholders’ Meeting of Latvenergo AS, Jūlija Zandersone and Uldis Upenieks were elected as the members of the Company's Supervisory Board for a five-year term commencing on 12 September 2026. Accordingly, Kaspars Rokens ceases to serve on the Supervisory Board, having performed the duties of a Supervisory Board member until the results of the selection process were approved. The Supervisory Board of Latvenergo AS continues its work with five members: Aigars Laizāns, Toms Siliņš, Rodžers Jānis Grigulis, Jūlija Zandersone and Uldis Upenieks. 

The main task of the Supervisory Board in the coming years is to ensure the sustainable development of Latvenergo AS, to strengthen the Company's competitiveness within the Baltic region along with the enhancement of Latvian energy security and a climate-neutral economy. 

Jūlija Zandersone is a business management and development professional with more than 20 years of experience in the telecommunications, infrastructure and circular economy sectors. She began her professional career at Latvijas pasts AS and held senior positions at Citrus Solutions from 2010 to 2023, while also working at Citrus Solutions GmbH from 2018. From 2023 to 2025, J. Zandersone was Chair of the Management Board of Iterum AS (PET Baltija), and is currently a member of the company's Supervisory Board. At the same time, she is Chair of the Supervisory Board of Tesil Fibres and, since 2025, has led her own consultancy company Jūlija Zandersone Impact SIA being a member of the Management Board and owner. 

J. Zandersone obtained a Bachelor's degree in Economics in 2000 and a Master's degree in Economics in 2002 from Riga Technical University. After completing the Master's studies, she continued her academic development in the doctoral programme in Economics at RTU. 

Uldis Upenieks is a financial sector executive with significant experience in investment management, the banking sector and corporate governance. He was Chair of the Management Board of CBL Asset Management IPAS from 2012 to 2017, while he served as a member of the Management Board of Citadele banka AS from 2017 to 2024. Since 2024, U. Upenieks has been a member of the Management Board of the financial technology company xpate SIA and also is Chair of the Audit Committee of the Supervisory Board of airBaltic AS. 

Uldis Upenieks obtained a Bachelor's degree in Economics from Riga Technical University in 1993 and graduated from RTU with a Master's degree in Business Administration in 1995. He also expanded his knowledge in business and finance at the Riga Graduate School of Law, where he pursued legal studies from 2008 to 2010. U. Upenieks’ academic education combines expertise in economics, business and law, providing a solid foundation for work in the financial and corporate governance sector. 

A key area of the Board’s work is the creation of long-term value for the shareholder, customers and society as a whole. The Board, in cooperation with the Company's Management Board, shall ensure the strategic decisions to promote the Company's growth, strengthen energy independence within the region and provide customers with a secure and competitive energy supply. 

The Shareholders’ Meeting of Latvenergo AS also made a decison to approve the civil liability insurance for the members of the Supervisory Board and the Audit Committee of Latvenergo AS.