Supervisory Board

The Supervisory Board of AST represents the interests of the company’s shareholders and monitors the work of its management board.

On 18 October 2016, three independent AST Supervisory Board members were elected in accordance with Cabinet Regulation No. 686 ‘Procedure, according to which Supervisory Board and board member candidates are nominated in companies, in which the state has the right, as a shareholder, to nominate Supervisory Board and board member candidates, namely, state-owned companies that have a Supervisory Board’.

Until 19 March 2019, Dr Eng. Vilnis Krēsliņš was the chairman of the AST Supervisory Board; he also spent many years working as the head of the Latvian Energy Engineer and Builder Association, and the head of the State Exam Committee of Riga Technical University.

Until 9 September 2019, Dr Oec. Jurijs Spiridonovs was the deputy Chairman of the AST Supervisory Board; he has experience of more than 10 years in working for governmental institutions, including as Deputy State Secretary of the Ministry of Environmental Protection and Regional Development, as well as Ministry of Economics, where his work was related to the issues of energy and environmental policy.

The Supervisory Board functions on the basis of the Supervisory Board regulations, AST articles of association, the Law on the Governance of Capital Shares of a Public Person and Capital Companies, the Commercial Law, the Ministry of Finance internal regulation ‘Ministry of Finance procedure for organising state-owned share management in state-owned companies’ and other laws and regulations applicable to AST. 

The chairperson and members of the AST Supervisory Board receive remuneration and annual bonuses for their work, in accordance with the Law on the Governance of Capital Shares of a Public Person and Capital Companies. The chairperson and members of the AST Supervisory Board are not granted any compensation for retiring from office.

AST Supervisory Board members do not own any AS ‘Augstsprieguma tīkls’ or AS ‘Conexus Baltic Grid’ shares.

+Kaspars Āboliņš - Chairman of the Supervisory Board

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+Dr. oec. Olga Bogdanova - Deputy Chairman of the Supervisory Board

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Mrs. Olga Bogdanova holds a doctor’s degree in Economics and she has been working for governmental institutions for more than 10 years – at the Ministry of Economics of the Republic of Latvia. Currently Mrs. Bogdanova is the Director of Tax Administration and Society Interests Policy Department of the Ministry of Finance; however, prior to that, she was the Director of the Energy Market and Infrastructure Department of the Ministry of Economics of the Republic of Latvia, acting Deputy State Secretary of Energy Affairs, as well as the Deputy Director of the Energy Market and Infrastructure Department and Manager of the Energy Market Department.

Olga Bogdanova was elected as an independent AST Supervisory Board member in accordance with Cabinet Regulation No. 686 ‘Procedure, according to which Supervisory Board and board member candidates are nominated in companies, in which the state has the right, as a shareholder, to nominate Supervisory Board and board member candidates, namely, state-owned companies that have a Supervisory Board’; since 1 February 2018, she has been employed by the owner of the AST shares, the Latvian Ministry of Finance.

AS ‘Augstsprieguma tīkls’ Supervisory Board regulations.

Amended and new version approved at the 24 August 2017 meeting of the AS ‘Augstsprieguma tīkls’ Supervisory Board.