At the end of the two-year term, the shareholders of the AUGA group approved a new composition of the independent board. Four of the five members of the previous board, Dalius Misiūnas, Andrej Cyba, Tomas Krakauskas, and Murray Steele will continue working for another term. It was decided in the shareholders’ meeting that Michaela Tod, who has many years of international management experience, joined the highest management body of the company.
“This decision of the shareholders will allow to further strengthen the already established model of an independent board. Ensuring the continuity of the work of the last two years, the approval of a new board member will increase the diversity of the team. With her existing competencies and experience in the end-consumer products segment and the media business, we have no doubt that Michaela Tod will contribute to the successful implementation of the company’s strategy. For current and future investors, this is an important sign of the company’s maturity and its ability to attract highly qualified experts to the key management bodies”, says Dalius Misiūnas.
Michaela Tod, an independent board member, has been the president of Dyson Greater China for many years. She also was the Co-CEO of the German media company ProSiebenSat.1 and a member of the supervisory boards of various companies. M. Tod has many years of experience in the business development of end-consumer products and services.
“I am pleased with the expressed trust and the opportunity to join the AUGA group team. Today, sustainability is the path that companies need to take to become leaders in their sectors, building trust with their consumers and investors. I believe in the company’s vision to become a climate-neutral business, and my experience will contribute to the implementation of the AUGA group’s sustainability-based strategy”, says Michaela Tod.
The development of the AUGA group independent board model started in 2019. This was the first case in Lithuania when members of the board of a non-governmental company are not affiliated with a controlling shareholder.