Supervisory Board

Duties and Responsibilities of the AST Supervisory Board:

The AST Supervisory Board represents the interests of the Shareholder between the Shareholders’ Meetings and supervises the activities of the AST Management Board, participates in the strategic development of AST, as well as in the supervision of the financial and risk management system.

The operating principles of the AST Supervisory Board, as well as its main responsibilities are set out in the Statutes and the regulations of the Supervisory Board. The tasks and responsibilities of the AST Supervisory Board are subject to the laws and regulations.

The AST Supervisory Board does not take decisions on matters falling within the competence of the AST Management Board.

+ Kaspars Āboliņš - Chairman of the Supervisory Board

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Work experience

2019 — Present

AS ‘Augstsprieguma tīkls’, Chairman of the Supervisory Board

2018 — 2020

AS Conexus Baltic Grid, council chairman

2016 — 2018

‘Ziemeļu Investīciju banka’, chairman of the board of directors (as part of a rotation procedure)

2015 — 2023

AS Air Baltic Corporation, council member

2014

AS ‘Attīstības finanšu institūcija’, restructuring manager

2013 — 2015

AS Reverta, council member

2012

VAS ‘Valsts nekustamie īpašumi’, board chairman

2011 — 2019

‘Ziemeļu Investīciju banka’, board member

2008 — 2010

AS ‘Parex banka’, council member

2008 — 2011

‘Ziemeļu Investīciju banka’, deputy board member

2006 — Present

‘Valsts kase’, manager

2003 — 2010

SIA BO ‘Ziemeļvidzemes atkritumu apsaimniekošanas organizācija’, council member

2001 — 2006

Ministry of Finance of the Republic of Latvia, Ugāle Parish financial stabilisation procedure supervisor

2000 — 2002

Ministry of Finance of the Republic of Latvia, chairman of the Municipal Lending and Collateral Control and Supervision Council

1997 — 2000

Ministry of Finance of the Republic of Latvia, member of the Municipal Lending and Collateral Control and Supervision Council

1999 — 2001

Ministry of Finance of the Republic of Latvia, head of the Municipal Financial Stabilisation Control and Supervision Council

1997 — 2006

‘Valsts kase’, head of the Financial Risk Management Department

1996 — 1997

Ministry of Finance of the Republic of Latvia, head of the Loan Forecasting and Analysis Section, External Debt Management Department

1994 — 1996

Ministry of Finance of the Republic of Latvia, senior expert of the Loan Forecasting and Analysis Section, External Debt Management Department

Education

1996 — 1999

University of Latvia, Faculty of Economics and Management, Master’s degree in Social Sciences and Company Management

1992 — 1996

University of Latvia, Faculty of Economics and Management, Bachelor’s degree in Business Management

1981 — 1992

Secondary education at Riga Secondary School No 58

Term of office: 30.12.2024.

Kaspars Āboliņš was elected in accordance with the Law on Governance of Capital Shares of a Public Person and Capital Companies, and Cabinet Regulation 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’ issued in 2015, on the basis of that law, as a Supervisory Board member affiliated with a shareholder.

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

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Work experience

2019 — Present

AS ‘Augstsprieguma tīkls’, deputy Chairman of the Supervisory Board

2016 — 2019

AS ‘Augstsprieguma tīkls’, member of the Supervisory Board

2023 — Present Ministry of Finance of the Republic of Latvia, deputy State Secretary on tax administration policy and shadow aconomy issues
2023 — Present Association "Latvian National Committee of the World Energy Council", President

2018 — Present

Ministry of Finance of the Republic of Latvia, head of the Tax Administration and Public Interest Policy Department

2018 — Present

World Energy Council, expert, participant in the Future Energy Leadership project

2021 — Present World Energy Council, Chairperson of the Management Team of the Future Energy Leaders Programme in Latvia

2017 — Present

Latvian Science Council, expert

2021 — Present

University of Latvia, Associate Professor at Faculty of Business, Management and Economics

2016 — 2018

Ministry of Economics of the Republic of Latvia, head of the Energy Market and Infrastructure Department

2016 — 2022

Riga Technical University, lecturer at the International Business and Customs Institute of the Faculty of Engineering Economics and Management

2016

Ministry of Economics of the Republic of Latvia, acting deputy state secretary in energy affairs

2014 — 2016

Ministry of Economics of the Republic of Latvia, deputy head of the Energy Market and Infrastructure Department, head of the Energy Market Section

2013 — 2014

Ministry of Economics of the Republic of Latvia, head of the Energy Market and Infrastructure Section

2010 — 2013

Ministry of Economics of the Republic of Latvia, senior consultant at the EU Commodity and Service Market Section, Internal Market Department (reorganised section deputy head position, with additional deputy head duties)

2006 — 2010

Ministry of Economics of the Republic of Latvia, deputy head of the EU Commodity and Service Market Section, Internal Market Department

2006

Ministry of Economics of the Republic of Latvia, senior consultant at the EU Commodity and Service Market Section, Internal Market Department

2005

Ministry of Economics of the Republic of Latvia, senior consultant of the Section for EU Affairs administration, Department of International Economics

2005 — 2014

Riga Technical University, guest lecturer at the International Business and Customs Institute of the Faculty of Engineering Economics and Management

Education

2007 — 2012

Riga Technical University, doctoral degree in Economics at the International Business and Customs Institute of the Faculty of Engineering Economics and Management

2003 — 2006

Riga Technical University, master’s degree in Management Science, Management of International Economics (with honours)

2004 — 2005

Pforzheim Fachhochschule, Germany, International Management Programme, advanced vocational training diploma

2003 — 2006

Riga Technical University, Institute of Humanities, additional studies in Teaching Science, with a speciality in teaching engineering subjects

2000 — 2003

Riga Technical University, bachelor’s degree in Management Science, Management of International Economics (with honours)

Term of office: 30.12.2024.

Olga Bogdanova was elected in accordance with the Law on Governance of Capital Shares of a Public Person and Capital Companies, and Cabinet Regulation 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’ issued in 2015, on the basis of that law, as a Supervisory Board member affiliated with a shareholder.

+ Armands Eberhards - Member of the Supervisory Board

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Work experience

2019 — Present

AS ‘Augstsprieguma tīkls’, member of the Supervisory Board

2019 — Present

European Investment Fund (EIB group) (Luxembourg), deputy director, board of directors (alternate director)

2011 — Present

Ministry of Finance, deputy state secretary for ESSFKF affairs

2014 — Present

European Investment Bank (Luxembourg), director/board member

2018

OECD/SIGMA (Melnkalne), consultant

2011 — 2012

AS ‘Hipotēku un zemes banka’, deputy council chairman

2004 — 2011

Central Finance and Agreement Agency, director

2010 — 2012

Hulla&Co. Hyman Dynamics TTSIB EuropeAid/ 130480/C/SER/MD; ECO 3, BE SATTO Project, Contract 200-049 (Moldova, Armenia), consultant

1998 — 2004

Central Finance and Contract Unit, director

1995 — 1998

Ministry of Finance, head of the International Aid Coordination Department

1994 — 1995

Ministry of Finance, head of the International Aid Coordination Section

Education

2005 — 2006

London School of Economics and Political Science (LSE) (UK), MSc Politics of the World Eco (Merit)

1998 — 1999

EHSAL Management School (Belgium), International MBA (Cum Laude)

1993 — 1994

University of Latvia, master’s degree in Environmental Studies and Management

1990 — 1994

University of Latvia, bachelor’s degree in Environmental Studies

Term of office: 30.12.2024.

Armands Eberhards was elected in accordance with the Law on Governance of Capital Shares of a Public Person and Capital Companies, and Cabinet Regulation 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’ issued in 2015, on the basis of that law, as a Supervisory Board member affiliated with a shareholder.

+ Aigars Ģērmanis - Member of the Supervisory Board

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Work experience

2019 — Present

AS ‘Augstsprieguma tīkls’, member of the Supervisory Board

2021 — Present SIA 'Rīgas meži', Deputy Chairman of the Supervisory Board

2010 — Present

SIA DPMC Baltic, board chairman

2018 — 2019

IMMER GROUP (Ukraine), development director

2014 — 2018

AMBER BEVERAGE GROUP, board member, commercial director

2009 — 2013

SANITEX GROUP (Latvia / Estonia), board chairman

2004 — 2009

PROCTER & GAMBLE Marketing Latvia (Responsibility for the Baltic Market), board chairman

Education

1998 — 2000

University of Latvia, master’s degree in Management Science

1993 — 1997

University of Latvia, bachelor’s degree in Business Management

Term of office: 30.12.2024.

Aigars Ģērmanis was elected in accordance with the Law on Governance of Capital Shares of a Public Person and Capital Companies, and Cabinet Regulation 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’ issued in 2015, on the basis of that law, as an unaffiliated Supervisory Board member.