Lithuanian retailer Maxima Grupė has named Justas Riauba as its new chief executive officer. He has also been elected as the chairman of the company’s board of directors.
Chief executive of the retailer's holding company, Vilniaus Prekyba, Mantas Kuncaitis, will also join the group's board of directors.
A 'Big Recognition'
Commenting on the appointment, Riauba, said "This new career stage at Maxima Grupė is big recognition and an even bigger professional challenge.
"Key priorities will continue to include ensuring the best prices and shopping experience in all markets, strengthening of positions in Poland, and attention to employees."
Riauba is an experienced professional, and has held several top positions in roles related to investments since 2013.
Before joining Maxima Grupė, he coordinated business development projects at Metodika B.V. - a Dutch holding company for Vilniaus Prekyba, and the NDX Group which also acts as Nerijus Numavičius’s family office.
'A Mutual Agreement'
The decision to replace Dalius Misiūnas as the head of the retail group was based on a mutual agreement in the light of diverging views with Vilniaus Prekyba, Maxima Grupė said in its statement.
"The most important task that shareholders entrusted to me was to prepare Maxima Grupė for a new phase of operations and growth.
"In planning the organization’s next phase of operations, we agreed that the company needs a new top manager," Misiūnas said.
© 2019 European Supermarket Magazine – your source for the latest retail news. Article by Dayeeta Das. Click subscribe to sign up to ESM: The European Supermarket Magazine.