Evaldas Matulis, who previously held the position of Head of the Legal Department, has been appointed as the CEO of Litagra, one of the largest Lithuanian agricultural business groups. He will replace Mindaugas Bareišis, who has been managing Litagra since 2017, and who will continue working in the position of the Financial Director.
“We believe that such change is an important step in further strengthening the entire group and its management. We strive to make the individual businesses of the group to operate independently while preserving potential synergies and partnerships. We aim for each of our businesses to continue efficient and profitable operations, ensuring sustainable development. This is a necessary condition for the further growth of a successful company working in the food supply chain”, Gintaras Kateiva, the Chairman of the Board of Litagra, says.
E. Matulis has been working in Litagra group since 2012. He is also a Board member of the other companies of the group.
“I believe that I will be able to fulfil the tasks and expectations set by our shareholders, and the opportunity for me to grow as a head of the company encourages me to take on this new responsibility,” E. Matulis says.
Litagra group invests in agricultural production businesses in Lithuania: it produces raw milk, raises cattle for sale, grows crops and cultivates more than 10,000 hectares of land. Group company Joniškios Grūdai produces fodder, supplements, premixes, baits, food for pets and cat litter, provides mobile fodder production and ration calculation services, as well as develops poultry business – 10-farm broiler breeding complex Šilų Ūkis and 29 turkey farms cultivation complex Sūduvos Ūkis.
The largest shareholders of Litagra are Gintaras Kateiva, a founder of the company, and Invalda INVL, the leading investment management and life insurance group in the Baltic States.