Audrius Žiugžda appointed Šiaulių bankas AB CEO


Audrius Žiugžda accepted the proposal to direct Šiaulių bankas AB. A. Žiugžda has been appointed Chief Executive Officer of Šiaulių bankas and starts his office from 1 February 2011. The current CEO and Chairman of the Board Algirdas Butkus will stay as a Chairman of the Board of Šiaulių bankas and the Deputy of CEO.

“We decided to sustain bank’s managers’ team and invited to join us experienced and professional leader who will bring new ideas, his experience of many years in banking field, cognizance. We hope that this decision will let us not only keep the current bank’s positions in the market but also heighten them and in the future will maintain bigger efficiency of its performance, increase revenue and bring positive influence for bank’s shares value”, - said the Chairman of the Board and Chief Executive Officer of Šiaulių bankas Algirdas Butkus.

“As the country’s economy recovers I see a great potential of this bank - I see strong local, efficient and prompt bank, open to clients and providing quality service. I believe that efficient performance and strong partnerships with current and future clients - it would be basics in the nearest future”, - said Audrius Žiugžda.

A. Žiugžda recently served as a Deputy of a General Manager of TEO, AB. By 2009 October he has been the President of SEB bank in Lithuania.