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Management

When the Bank of Lithuania issued a closed-end investment company permit to INVL Technology AB on 14 July 2016, the mandates of the board and the chief executive of INVL Technology were transferred and, as of that same date, are performed by the asset management company INVL Asset Management. This company forms investment committee which also participate in the company’s management in keeping with the mandates they are given.

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Closed-end investment company specifics

  • 1
    The company’s Articles of Association stipulate that INVL Technology will operate until 14 July 2026, with extension possible for a further 2 years.
  • 2
    The company’s investment period lasts for 5 years, and during the remaining 5 years the company seeks to increase the value of the businesses it owns and sell them profitably to major players, thereby generating a significant return for investors.
  • 3
    For acquisitions, the company allocates money raised during the successful public offering of INVL Technology shares in July 2015. In the offering, 10 million euros was raised.
  • 4
    When the company obtained a closed-end fund (CEF) status, its management was assumed by the INVL Asset Management, a company of Invalda INVL – one of the Baltic region’s leading asset management groups.
  • 5
    In keeping with the Articles of Association of INVL Technology, the investment company’s first net asset value was published on 30 August 2016. The value was 23,906,150 euros as of 13 July 2016.
  • 6
    The company's assets have been transferred to a depository for safekeeping.
1
The company’s Articles of Association stipulate that INVL Technology will operate until 14 July 2026, with extension possible for a further 2 years.
2
The company’s investment period lasts for 5 years, and during the remaining 5 years the company seeks to increase the value of the businesses it owns and sell them profitably to major players, thereby generating a significant return for investors.
3
For acquisitions, the company allocates money raised during the successful public offering of INVL Technology shares in July 2015. In the offering, 10 million euros was raised.
4
When the company obtained a closed-end fund (CEF) status, its management was assumed by the INVL Asset Management, a company of Invalda INVL – one of the Baltic region’s leading asset management groups.
5
In keeping with the Articles of Association of INVL Technology, the investment company’s first net asset value was published on 30 August 2016. The value was 23,906,150 euros as of 13 July 2016.
6
The company's assets have been transferred to a depository for safekeeping.
  • 1

Management Company

  • Darius Šulnis
    Chairman of the Board darius.​sulnis@​invl.com
    Read more
    Term of office on the Board:

    2023-2027

    Education and qualifications:

    Duke University (USA), Global Executive MBA.
    Vilnius University, Master’s degree in Accounting and Audit.
    Financial broker‘s license (general) No. A109.

    Participation in other companies:

    Invalda INVL, AB (code 121304349, Gynėjų str. 14, Vilnius) – CEO
    Litagra, UAB (code 304564478, Savanorių ave. 173, Vilnius) – Member of the Board
    Šiaulių bankas, AB (code 112025254, Tilžės Str. 149, Šiauliai) – Member of the
    Supervisory Board
    INVL Asset Management, UAB (code 126263073, Gynėjų Str. 14, Vilnius) managed
    fund INVL Private Equity Fund II – Investment Committee Member
    INVL Asset Management, UAB (code 126263073, Gynėjų Str. 14, Vilnius) managed
    fund INVL Baltic Sea Growth Fund – Investment Committee Member, Managing
    partner
    FERN Group, UAB (code 306110392, Granito Str. 3-101, Vilnius) – Chairman of the
    Supervisory Board

    Darius Šulnis has accumulated more than 20 years of experience in establishing and managing businesses that are leaders in their respective sectors, as well as carrying out mergers and acquisitions of diverse types. This has involved attracting investment and working together with strategic and financial investors. He led the financial brokerage company Finasta for 8 years and the real estate company Inreal valdymas for 4 years. Darius has also served on the boards and supervisory councils of numerous Polish, Ukrainian, Latvian and Lithuanian companies.

    Show less
  • Vytautas Plunksnis
    Member of the Board, Head of the Private Equity vytautas.​plunksnis@​invl.com
    Read more
    Term of office on the Board:

    2023-2027

    Education and qualifications:

    Kaunas University of Technology, Bachelor’s degree in Economics
    Financial broker’s license (general) No. G091

    Participation in other companies:

    INVL Asset Management, UAB (code 126263073, Gynėjų Str. 14, Vilnius) managed fund INVL Baltic Sea Growth Fund – Investment Committee Member

    INVL Asset Management, UAB (code 126263073, Gynėjų Str. 14, Vilnius) managed fund INVL Private Equity Fund II – Investment Committee Member
    Eco Baltia AS (Maskavas Str. 240-3, Rīga, Latvia 40103446506) – Chairman of the Supervisory Board
    Eco Baltia vide SIA (code 40003309841, Ropažu nov. Stopiņu pag., Rumbula, Getliņu iela 5, Latvia) – Member of the Supervisory Board
    Ecoservice, UAB (code 123044722, Donojaus Str. 29, Vilnius)- Chairman of the Board
    B2Y SIA (code 40103243404, Maskavas iela 322A, Rīga, Latvia) – Chairman of the Board
    INVL Technology, CEF (code 300893533, Gynėjų Str. 14, Vilnius) – Member of the Investment Committee

    Metal-Plast Spółka z o.o. (code 0001007622, Ciernie 157b, 58-160 Świebodzice,
    Poland) – Member of the Supervisory Board

    Norway Registers Development AS (code 985 221 405 MVA. Lokketangen 20 B, 1337 Sandvika, Norway) – Member of the Board
    NRD Systems, UAB (111647812, Gynėjų Str. 14, Vilnius) – Member of the Board
    NRD CS, UAB (code 303115085, Gynėjų Str. 14, Vilnius) – Member of the Board
    Novian Systems, UAB (code 125774645, Gynėjų Str. 14, Vilnius) – Chairman of the Board
    NRD Companies AS (code 921 985 290 MVA, Lokketangen 20 B, 1337 Sandvika, Norway) – Member of the Board
    BC Moldova-Agroindbank SA (MAIB) (code 1002600003778, Constantin Tănase Str. 9/1, Chisinau, Moldova) – Chairman of the Supervisory Board
    Investuotojų asociacija (code 302351517, Konstitucijos Av. 23, Vilnius) – Chairman of the Board

    INVL Asset Management, UAB (code 126263073, Gynėjų Str. 14, Vilnius) managed fund INVL BSGF Co-Invest Fund II – fund manager

    Vytautas Plunksnis has more than 15 years experience in the Baltic private equity and capital markets – investing in Central and Eastern European equities, managing pension and investment funds, and handling M&A transactions. Other areas of expertise include the control of business operations and the development of strategy for business expansion.

    Show less
  • Asta Jovaišienė
    Member of the Board asta.jovaisiene@​invl.com
    Read more
    Term of office on the Board:

    2024-2027

    Education and qualifications:

    Vilnius University, Master‘s degree in Economics.

    Participation in other companies:

    IPAS INVL Asset Management (code 40003605043, Elizabetes St. 10B-1, Ryga,
    Latvija) – Member of the Supervisory Board

    AS INVL atklātajs pensiju fonds (code 40003377918, Elizabetes St. 10B-1, Ryga,
    Latvija) – Member of the Supervisory Board

    FMI INVL Financial Advisors, UAB (code 304049332, Gynėjų St. 14, Vilnius) – Head of INVL Family Office, Member of the Board

    Lithuanian Association of Family Asset Managers (code 306720940, Palangos St.
    4-101, Vilnius) – Chairman of the Board

    Asta Jovaišienė her carees started in 2006 at AB FMĮ Finasta as an investment consultant. Since 2013, she has been Head of the Wealth Management Department of Bank Finasta. In 2015 Asta became the CEO and Member of the Board of INVL Financial Advisors, the financial brokerage company that operates under the brand name INVL Family Office. She is also currently a member of Supervisory Board of INVL Asset Management in Latvia.

    Show less
  • Paulius Žurauskas
    Chief Executive Officer paulius.zurauskas@​invl.com
    Read more
    Education and qualifications

    Holds Master’s degree in Banking (Economist qualification), Faculty of Economics, Vilnius University, Lithuania.

    Participation in other companies

    FMI INVL Financial Advisors, UAB (code 304049332, Gynėjų St. 14, Vilnius) –
    Member of the Board
    IPAS INVL Asset Management (code 40003605043, Elizabetes St. 10B-1, Ryga,
    Latvija) – Member of the Supervisory Board
    AS INVL atklātajs pensiju fonds (code 40003377918, Elizabetes St. 10B-1, Ryga,
    Latvija) – Member of the Supervisory Board

    Paulius Žurauskas started his career in 2003 at INVL Group company Finasta. Since 2007, he has held various management positions at SEB Bank and has contributed significantly to the development of the capital market in the region. Since 2019, he has been Head of Markets at Luminor in the Baltics. He participated in the largest debt capital markets transactions in the Baltic region, totalling more than EUR 5 billion. Paulius returned to the Invalda INVL Group in 2023, where he is currently the head of a group company INVL Asset Management.

     

    Show less
Term of office on the Board:

2023-2027

Education and qualifications:

Duke University (USA), Global Executive MBA.
Vilnius University, Master’s degree in Accounting and Audit.
Financial broker‘s license (general) No. A109.

Participation in other companies:

Invalda INVL, AB (code 121304349, Gynėjų str. 14, Vilnius) – CEO
Litagra, UAB (code 304564478, Savanorių ave. 173, Vilnius) – Member of the Board
Šiaulių bankas, AB (code 112025254, Tilžės Str. 149, Šiauliai) – Member of the
Supervisory Board
INVL Asset Management, UAB (code 126263073, Gynėjų Str. 14, Vilnius) managed
fund INVL Private Equity Fund II – Investment Committee Member
INVL Asset Management, UAB (code 126263073, Gynėjų Str. 14, Vilnius) managed
fund INVL Baltic Sea Growth Fund – Investment Committee Member, Managing
partner
FERN Group, UAB (code 306110392, Granito Str. 3-101, Vilnius) – Chairman of the
Supervisory Board

Darius Šulnis has accumulated more than 20 years of experience in establishing and managing businesses that are leaders in their respective sectors, as well as carrying out mergers and acquisitions of diverse types. This has involved attracting investment and working together with strategic and financial investors. He led the financial brokerage company Finasta for 8 years and the real estate company Inreal valdymas for 4 years. Darius has also served on the boards and supervisory councils of numerous Polish, Ukrainian, Latvian and Lithuanian companies.

Term of office on the Board:

2023-2027

Education and qualifications:

Kaunas University of Technology, Bachelor’s degree in Economics
Financial broker’s license (general) No. G091

Participation in other companies:

INVL Asset Management, UAB (code 126263073, Gynėjų Str. 14, Vilnius) managed fund INVL Baltic Sea Growth Fund – Investment Committee Member

INVL Asset Management, UAB (code 126263073, Gynėjų Str. 14, Vilnius) managed fund INVL Private Equity Fund II – Investment Committee Member
Eco Baltia AS (Maskavas Str. 240-3, Rīga, Latvia 40103446506) – Chairman of the Supervisory Board
Eco Baltia vide SIA (code 40003309841, Ropažu nov. Stopiņu pag., Rumbula, Getliņu iela 5, Latvia) – Member of the Supervisory Board
Ecoservice, UAB (code 123044722, Donojaus Str. 29, Vilnius)- Chairman of the Board
B2Y SIA (code 40103243404, Maskavas iela 322A, Rīga, Latvia) – Chairman of the Board
INVL Technology, CEF (code 300893533, Gynėjų Str. 14, Vilnius) – Member of the Investment Committee

Metal-Plast Spółka z o.o. (code 0001007622, Ciernie 157b, 58-160 Świebodzice,
Poland) – Member of the Supervisory Board

Norway Registers Development AS (code 985 221 405 MVA. Lokketangen 20 B, 1337 Sandvika, Norway) – Member of the Board
NRD Systems, UAB (111647812, Gynėjų Str. 14, Vilnius) – Member of the Board
NRD CS, UAB (code 303115085, Gynėjų Str. 14, Vilnius) – Member of the Board
Novian Systems, UAB (code 125774645, Gynėjų Str. 14, Vilnius) – Chairman of the Board
NRD Companies AS (code 921 985 290 MVA, Lokketangen 20 B, 1337 Sandvika, Norway) – Member of the Board
BC Moldova-Agroindbank SA (MAIB) (code 1002600003778, Constantin Tănase Str. 9/1, Chisinau, Moldova) – Chairman of the Supervisory Board
Investuotojų asociacija (code 302351517, Konstitucijos Av. 23, Vilnius) – Chairman of the Board

INVL Asset Management, UAB (code 126263073, Gynėjų Str. 14, Vilnius) managed fund INVL BSGF Co-Invest Fund II – fund manager

Vytautas Plunksnis has more than 15 years experience in the Baltic private equity and capital markets – investing in Central and Eastern European equities, managing pension and investment funds, and handling M&A transactions. Other areas of expertise include the control of business operations and the development of strategy for business expansion.

Term of office on the Board:

2024-2027

Education and qualifications:

Vilnius University, Master‘s degree in Economics.

Participation in other companies:

IPAS INVL Asset Management (code 40003605043, Elizabetes St. 10B-1, Ryga,
Latvija) – Member of the Supervisory Board

AS INVL atklātajs pensiju fonds (code 40003377918, Elizabetes St. 10B-1, Ryga,
Latvija) – Member of the Supervisory Board

FMI INVL Financial Advisors, UAB (code 304049332, Gynėjų St. 14, Vilnius) – Head of INVL Family Office, Member of the Board

Lithuanian Association of Family Asset Managers (code 306720940, Palangos St.
4-101, Vilnius) – Chairman of the Board

Asta Jovaišienė her carees started in 2006 at AB FMĮ Finasta as an investment consultant. Since 2013, she has been Head of the Wealth Management Department of Bank Finasta. In 2015 Asta became the CEO and Member of the Board of INVL Financial Advisors, the financial brokerage company that operates under the brand name INVL Family Office. She is also currently a member of Supervisory Board of INVL Asset Management in Latvia.

Education and qualifications

Holds Master’s degree in Banking (Economist qualification), Faculty of Economics, Vilnius University, Lithuania.

Participation in other companies

FMI INVL Financial Advisors, UAB (code 304049332, Gynėjų St. 14, Vilnius) –
Member of the Board
IPAS INVL Asset Management (code 40003605043, Elizabetes St. 10B-1, Ryga,
Latvija) – Member of the Supervisory Board
AS INVL atklātajs pensiju fonds (code 40003377918, Elizabetes St. 10B-1, Ryga,
Latvija) – Member of the Supervisory Board

Paulius Žurauskas started his career in 2003 at INVL Group company Finasta. Since 2007, he has held various management positions at SEB Bank and has contributed significantly to the development of the capital market in the region. Since 2019, he has been Head of Markets at Luminor in the Baltics. He participated in the largest debt capital markets transactions in the Baltic region, totalling more than EUR 5 billion. Paulius returned to the Invalda INVL Group in 2023, where he is currently the head of a group company INVL Asset Management.

 

Investment Committee

  • Kazimieras Tonkūnas
    Managing partner, Chairman of the Investment Committee [email protected] Phone: +370 698 233 68
    Read more
    Education and qualifications:

    Vilnius University, master’s degree in economics and mathematics with a specialisation in systemic economic analysis.

    Participation in other companies:

    Norway Registers Development AS (code NO 985 221 405, Lokketangen 20 B, 1337 Sandvika, Norway) – Chairman of the Board
    NRD CS UAB (code 303115085, Gynėjų St. 14, Vilnius) – Chairman of the Board
    NRD Companies AS UAB (code NO 921 985 290 MVA, Lokketangen 20 B, 1337 Sandvika, Norway) –  Chairman of the Board
    Zissor AS (code 986845550; Bragernes Torg 6, 3017 Drammen, Norway) – Supervisory board member
    Novian Pro, UAB (code 300064148, Baltupio St. 14, Vilnius) – Chairman of the Board
    Novian Technologies, UAB (code 301318539, Gynėjų St. 14, Vilnius) – Chairman of the Board

    Show less
  • Vytautas Plunksnis
    Member of the Investment Committee vytautas.​plunksnis@​invl.com Phone: +370 682 555 26
    Read more
    Education and qualifications:

    Kaunas University of Technology, Bachelor’s degree in Economics
    Financial broker’s license (general) No. G091

    Participation in other companies:

    INVL Asset Management, UAB (code 126263073, Gynėjų Str. 14, Vilnius) managed fund INVL Baltic Sea Growth Fund – Investment Committee Member
    Eco Baltia AS (Maskavas Str. 240-3, Rīga, Latvia 40103446506) – Chairman of the Supervisory Board
    Eco Baltia vide SIA (code 40003309841, Ropažu nov. Stopiņu pag., Rumbula, Getliņu iela 5, Latvia) – Member of the Supervisory Board
    Ecoservice, UAB (code 123044722, Donojaus Str. 29, Vilnius)- Chairman of the Board
    B2Y SIA (code 40103243404, Maskavas iela 322A, Rīga, Latvia) – Chairman of the Board
    Norway Registers Development AS (code 985 221 405 MVA. Lokketangen 20 B, 1337 Sandvika, Norway) – Member of the Board
    NRD Systems, UAB (111647812, Gynėjų Str. 14, Vilnius) – Member of the Board
    NRD CS, UAB (code 303115085, Gynėjų Str. 14, Vilnius) – Member of the Board
    Novian Systems, UAB (code 125774645, Gynėjų Str. 14, Vilnius) – Chairman of the Board
    NRD Companies AS (code 921 985 290 MVA, Lokketangen 20 B, 1337 Sandvika, Norway) – Member of the Board
    BC Moldova-Agroindbank SA (MAIB) (code 1002600003778, Constantin Tănase Str. 9/1, Chisinau, Moldova) – Chairman of the Supervisory Board
    Investuotojų asociacija (code 302351517, Konstitucijos Av. 23, Vilnius) – Chairman of the Board

    Vytautas Plunksnis has more than 15 years experience in the Baltic private equity and capital markets – investing in Central and Eastern European equities, managing pension and investment funds, and handling M&A transactions. Other areas of expertise include the control of business operations and the development of strategy for business expansion.

    Show less
  • Vida Tonkūnė
    Member of the Investment Committee [email protected] Phone: +370 687 33 073
    Read more
    Education and qualifications:

    Kaunas University of Technology, bachelor’s degree in business administration (1998)
    Baltic Management Institute (BMI), International Executive Master of Business Administration (MBA) (2019).

    Participation in other companies:

    Norway Registers Development AS (code NO 985 221 405, Lokketangen 20 B, 1337 Sandvika, Norway) – member of the Board
    NRD Systems, UAB (code 111647812, Gynėjų Str. 14., Vilnius – member of the Board
    Etronika, UAB (code 125224135; Gynėjų Str. 14, Vilnius) – member of the Board
    Novian Systems, UAB (code 125774645, Gynėjų Str. 14, Vilnius) – Member of the Board
    NRD Companies, AS (code NO 921 985 290 MVA, Lokketangen 20 B, 1337 Sandvika, Norway) – member of the Board
    NRD CS, UAB (code 303115085, Gynėjų Str. 14, Vilnius) – Member of the Board

    Show less
  • Nerijus Drobavičius
    Member of the Investment Committee nerijus.​drobavicius@​invl.com Phone: +370 686 93 969
    Read more
    Education and qualifications:

    Vytautas Magnus University, Master’s degree in Banking and Finance

    Participation in other companies:

    BSGF Sanus, UAB (code 304924481, Gynėjų St. 14, Vilnius) – Director
    InMedica, UAB (codas 300011170, L. Asanavičiūtės St. 20-201, Vilnius) – Chairman
    of the Board
    INVL Asset Management, UAB (code 126263073, Gynėjų St. 14, Vilnius) managed
    fund INVL Baltic Sea Growth Fund – Investment Committee Member
    MBL A/S (CVR-no 12825242) – Member of the Board
    MBL Poland Sp. z.o.o. (ul. Sulejowskiej 45d, 97-300 Piotrków Trybunalski, Polska,
    KRS 0000065219) – Member of the Supervisory Board
    Reneso, UAB (code 302941941, Gynėjų Str. 14, Vilnius) – Director
    Sugrasta, UAB (code 305287386, Pranapolio Str. 11, Vilnius) – Director
    BSGF Salt Invest, closed-end investment company for informed investors (code
    306193648, Gynėjų Str. 14, Vilnius) – Fund manager
    BSGF Salt, UAB (code 306193153, Gynėjų Str. 14, Vilnius) – Director
    Egles sanatorija, UAB (code 301026531, Eglės g. 1, Druskininkai) – Chairman of
    the Board
    MiniVet Holding, UAB (code 306127331, Gynėjų Str. 14, Vilnius) – Member of the
    Board
    Bališkių individualių gyvenamų jų namų statybos bendrija (code 300027032,
    Pranapolio str. 11, Vilnius) – Chairman of the Association

    Nerijus Drobavičius has 16 years of executive experience in finance and administration, mainly in the financial and manufacturing industries, with prior work at international audit firms. Areas of special expertise include control and auditing, financial analysis and business valuation, and the implementation and optimisation of business processes.

    Show less
Education and qualifications:

Vilnius University, master’s degree in economics and mathematics with a specialisation in systemic economic analysis.

Participation in other companies:

Norway Registers Development AS (code NO 985 221 405, Lokketangen 20 B, 1337 Sandvika, Norway) – Chairman of the Board
NRD CS UAB (code 303115085, Gynėjų St. 14, Vilnius) – Chairman of the Board
NRD Companies AS UAB (code NO 921 985 290 MVA, Lokketangen 20 B, 1337 Sandvika, Norway) –  Chairman of the Board
Zissor AS (code 986845550; Bragernes Torg 6, 3017 Drammen, Norway) – Supervisory board member
Novian Pro, UAB (code 300064148, Baltupio St. 14, Vilnius) – Chairman of the Board
Novian Technologies, UAB (code 301318539, Gynėjų St. 14, Vilnius) – Chairman of the Board

Education and qualifications:

Kaunas University of Technology, Bachelor’s degree in Economics
Financial broker’s license (general) No. G091

Participation in other companies:

INVL Asset Management, UAB (code 126263073, Gynėjų Str. 14, Vilnius) managed fund INVL Baltic Sea Growth Fund – Investment Committee Member
Eco Baltia AS (Maskavas Str. 240-3, Rīga, Latvia 40103446506) – Chairman of the Supervisory Board
Eco Baltia vide SIA (code 40003309841, Ropažu nov. Stopiņu pag., Rumbula, Getliņu iela 5, Latvia) – Member of the Supervisory Board
Ecoservice, UAB (code 123044722, Donojaus Str. 29, Vilnius)- Chairman of the Board
B2Y SIA (code 40103243404, Maskavas iela 322A, Rīga, Latvia) – Chairman of the Board
Norway Registers Development AS (code 985 221 405 MVA. Lokketangen 20 B, 1337 Sandvika, Norway) – Member of the Board
NRD Systems, UAB (111647812, Gynėjų Str. 14, Vilnius) – Member of the Board
NRD CS, UAB (code 303115085, Gynėjų Str. 14, Vilnius) – Member of the Board
Novian Systems, UAB (code 125774645, Gynėjų Str. 14, Vilnius) – Chairman of the Board
NRD Companies AS (code 921 985 290 MVA, Lokketangen 20 B, 1337 Sandvika, Norway) – Member of the Board
BC Moldova-Agroindbank SA (MAIB) (code 1002600003778, Constantin Tănase Str. 9/1, Chisinau, Moldova) – Chairman of the Supervisory Board
Investuotojų asociacija (code 302351517, Konstitucijos Av. 23, Vilnius) – Chairman of the Board

Vytautas Plunksnis has more than 15 years experience in the Baltic private equity and capital markets – investing in Central and Eastern European equities, managing pension and investment funds, and handling M&A transactions. Other areas of expertise include the control of business operations and the development of strategy for business expansion.

Education and qualifications:

Kaunas University of Technology, bachelor’s degree in business administration (1998)
Baltic Management Institute (BMI), International Executive Master of Business Administration (MBA) (2019).

Participation in other companies:

Norway Registers Development AS (code NO 985 221 405, Lokketangen 20 B, 1337 Sandvika, Norway) – member of the Board
NRD Systems, UAB (code 111647812, Gynėjų Str. 14., Vilnius – member of the Board
Etronika, UAB (code 125224135; Gynėjų Str. 14, Vilnius) – member of the Board
Novian Systems, UAB (code 125774645, Gynėjų Str. 14, Vilnius) – Member of the Board
NRD Companies, AS (code NO 921 985 290 MVA, Lokketangen 20 B, 1337 Sandvika, Norway) – member of the Board
NRD CS, UAB (code 303115085, Gynėjų Str. 14, Vilnius) – Member of the Board

Education and qualifications:

Vytautas Magnus University, Master’s degree in Banking and Finance

Participation in other companies:

BSGF Sanus, UAB (code 304924481, Gynėjų St. 14, Vilnius) – Director
InMedica, UAB (codas 300011170, L. Asanavičiūtės St. 20-201, Vilnius) – Chairman
of the Board
INVL Asset Management, UAB (code 126263073, Gynėjų St. 14, Vilnius) managed
fund INVL Baltic Sea Growth Fund – Investment Committee Member
MBL A/S (CVR-no 12825242) – Member of the Board
MBL Poland Sp. z.o.o. (ul. Sulejowskiej 45d, 97-300 Piotrków Trybunalski, Polska,
KRS 0000065219) – Member of the Supervisory Board
Reneso, UAB (code 302941941, Gynėjų Str. 14, Vilnius) – Director
Sugrasta, UAB (code 305287386, Pranapolio Str. 11, Vilnius) – Director
BSGF Salt Invest, closed-end investment company for informed investors (code
306193648, Gynėjų Str. 14, Vilnius) – Fund manager
BSGF Salt, UAB (code 306193153, Gynėjų Str. 14, Vilnius) – Director
Egles sanatorija, UAB (code 301026531, Eglės g. 1, Druskininkai) – Chairman of
the Board
MiniVet Holding, UAB (code 306127331, Gynėjų Str. 14, Vilnius) – Member of the
Board
Bališkių individualių gyvenamų jų namų statybos bendrija (code 300027032,
Pranapolio str. 11, Vilnius) – Chairman of the Association

Nerijus Drobavičius has 16 years of executive experience in finance and administration, mainly in the financial and manufacturing industries, with prior work at international audit firms. Areas of special expertise include control and auditing, financial analysis and business valuation, and the implementation and optimisation of business processes.

Chief Financier

  • Agnė Vainauskienė
    Chief Financier of the Management Company INVL Asset Management [email protected]
    Read more
    Education and qualifications:

    Vilnius University, Bachelor’s degree in Economics
    Vytautas Magnus University, Master’s degree in Finance

    Participation in other companies:

    BSGF Salvus, UAB (code 305160086, Gynėjų Str. 14, Vilnius) – Chief Financier
    BSGF Sanus, UAB (code 304924481, Gynėjų Str. 14, Vilnius) – Chief Financier
    Reneso, UAB (code 302941941, Gynėjų Str. 14, Vilnius) – Chief accountant
    INVL Renewables, UAB (code 306142753, Gynėjų Str. 14, Vilnius) – Chief accountant

    Show less
Education and qualifications:

Vilnius University, Bachelor’s degree in Economics
Vytautas Magnus University, Master’s degree in Finance

Participation in other companies:

BSGF Salvus, UAB (code 305160086, Gynėjų Str. 14, Vilnius) – Chief Financier
BSGF Sanus, UAB (code 304924481, Gynėjų Str. 14, Vilnius) – Chief Financier
Reneso, UAB (code 302941941, Gynėjų Str. 14, Vilnius) – Chief accountant
INVL Renewables, UAB (code 306142753, Gynėjų Str. 14, Vilnius) – Chief accountant

Audit Committee

During the General Shareholders Meeting of the Company held on 29 April 2021 Dangutė Pranckėnienė, partner and auditor of Moore Stephens Vilnius, UAB and Tomas Bubinas, director of Biotechpharma, UAB were elected for the Audit Committee of the Company for the 4 (four) years of office term. Both members of the Audit Committee are independent, having submitted a notice certifying their independence.
  • Tomas Bubinas
    Independent Member of the Audit Committee
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    Term of office:

    2021 – 2025

    Education and qualifications:

    1988 – 1993 Vilnius University, Msc. in Economics
    1997 Lithuanian Sworn Registered Auditor
    1997 – 2000 Association of Chartered Certified Accountants. ACCA. Fellow Member
    2004 – 2005 Baltic Management Institute (BMI), Executive MBA

    Work experience:

    1994 – 1999 Senior Auditor, Manager, Coopers & Lybrand
    1999 – 2001 Senior Manager, PricewaterhouseCoopers
    2001 – 2004 m. CFO, Sicor Biotech
    2004 – 2010 CFO for Baltic countries, Teva Pharmaceuticals
    2010 – 2012 Senior Director, Operations, TEVA Biopharmaceuticals (USA)
    2013 – 2022 Chief Operating Officer, Biotechpharma UAB

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  • Dangutė Pranckėnienė
    Independent Member of the Audit Committee
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    Term of office:

    2021 – 2025

    Education and qualifications:

    1995 – 1996 Vilnius Gediminas Technical University, Master of Business Administration
    1976 – 1981 Vilnius University, Master of Economics
    The International Coach Union (ICU), professional coucher name, license No. E-51
    Lithuanian Ministry of Finance, the auditor’s name, license No. 000345.

    Work experience:

    1982 – 1983 Lecturer, Vilnius University
    1995 – 1996 Lecturer, Vilnius Gediminas Technical University
    1996 – 1997 Audit Manager, Deloitte & Touche
    Since 1997 the Partner at Moore Mackonis, UAB

    Show less
Term of office:

2021 – 2025

Education and qualifications:

1988 – 1993 Vilnius University, Msc. in Economics
1997 Lithuanian Sworn Registered Auditor
1997 – 2000 Association of Chartered Certified Accountants. ACCA. Fellow Member
2004 – 2005 Baltic Management Institute (BMI), Executive MBA

Work experience:

1994 – 1999 Senior Auditor, Manager, Coopers & Lybrand
1999 – 2001 Senior Manager, PricewaterhouseCoopers
2001 – 2004 m. CFO, Sicor Biotech
2004 – 2010 CFO for Baltic countries, Teva Pharmaceuticals
2010 – 2012 Senior Director, Operations, TEVA Biopharmaceuticals (USA)
2013 – 2022 Chief Operating Officer, Biotechpharma UAB

Term of office:

2021 – 2025

Education and qualifications:

1995 – 1996 Vilnius Gediminas Technical University, Master of Business Administration
1976 – 1981 Vilnius University, Master of Economics
The International Coach Union (ICU), professional coucher name, license No. E-51
Lithuanian Ministry of Finance, the auditor’s name, license No. 000345.

Work experience:

1982 – 1983 Lecturer, Vilnius University
1995 – 1996 Lecturer, Vilnius Gediminas Technical University
1996 – 1997 Audit Manager, Deloitte & Touche
Since 1997 the Partner at Moore Mackonis, UAB

IMPORTANT ANNOUNCEMENT

Investments in the shares of closed-end investment companies (hereinafter may be reffered as “CEF“) are associated with investment risk and others risks specified in the Articles of Association and Prospectus of the closed-end investment company. The value of a company’s shares can both rise and fall, and you may recover less than you invested or even lose the entire invested amount. Past results only show the changes in the value of a company’s shares over a past period. Past results do not guarantee future performance.

The information provided does not encompass all the information disclosed by the company and should be read together with the company’s publicly announced financial and other  information. The financial data provided should be evaluated together with the financial statements. The data presented reflect the situation for a past period of time and results for a past period are not a reliable indicator of future performance.

The closed-end investment company and (or) the Management Company of the closed-end investment company does not guarantee the profitability of investments. The latest values of the shares of the closed-end investment company are available on the website www.invltechnology.com. Before making a decision to invest, you should personally or with the help of investment advisors assess the selected closed-end investment company‘s investment strategy, applicable fees and all investment-related risks. You should also carefully read closed-end investment company‘s ’s Prospectus, Rules and Key Investor Information Document and other share distribution documents. These documents are available for review on the website www.invltechnology.com.

All the information presented is of a promotional-informative nature and cannot be construed as a recommendation, offer or invitation to invest in the shares of the closed-end investment company. The closed-end investment company and (or) the Management Company of the closed-end investment company is not responsible for any decisions taken by third parties on the basis of information provided in this website alone and assumes no responsibility for expenses or direct or indirect losses experienced when using only this information. The information provided cannot be the basis for any subsequently concluded agreement. Although the content of this information of a promotional nature is based on sources considered to be reliable, the closed-end investment company and (or) the Management Company of the closed-end investment company is not responsible for inaccuracies or changes in the information, or for losses that may arise when investments are based on this information.

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