The governing bodies of the Vilnius University Foundation include the shareholders, the Investment Board, and the CEO.
The Foundation’s shareholders make decisions related to budget formation, project funding, endowment capital fund formation, approval of financial statements and statements of received support, and appointment of new shareholders. They also elect the Foundation’s Investment Board and appoint the CEO.
The Investment Board is responsible for the strategy of the endowment capital fund investment and its implementation. The Board consists of the finance and asset management professionals with impeccable reputation.
The Foundation’s CEO ensures efficient everyday activities of the Foundation.
The Internal Control Committee acts as an additional measure for ensuring that the Foundation adheres to the highest standards and efficiently pursues the goals set forth by the Foundation’s regulations. The Internal Control Committee supervises, monitors and evaluates the Foundation’s activities. Members of the Committee are delegated by the Foundation’s shareholders, members of the Board of Trustees, and Vilnius University.
Fund’s Shareholders and their Representatives
Businessman, founder of Alma littera, one of the largest book publishing and trading groups in the Baltic States. Alumnus of Vilnius University, Faculty of Physics.
JSC "Ekspla", represented by Kęstutis Jasiūnas
Manufacturer of solid state lasers and systems for science and technology, represented by Kęstutis Jasiūnas, the Chair of the Board.
JSC "Light Conversion", represented by Kristina Piskarskaitė
Manufacturer of solid state lasers and systems for science and technology, represented by Kristina Piskarskaitė.
Investor, former active member of student organizations, one of the founders of the Lithuanian Medical Students’ Association (LiMSA). Alumnus of Vilnius University, Faculty of Medicine.
Danas Tvarijonavičius, representing JSC "Grūdainė"
Doctor of Medical and Biochemical Sciences, businessman, Chairman of the Board of Roquette Amilina.
Gediminas Vaitiekūnas, representing NGO "GV muziejus"
Businessman, member of Vilnius Old Town Rotary club, president of Deer farmers association, Chairman of Lithuanian Association of Hunters. Alumnus of Vilnius University, Faculty of Physics.
Darius Zubas, representing "Akola ApS"
Businessman, founder and main shareholder of Linas Agro Group and Chairman of its Board. Graduate of LSMU Veterinary Academy.
Investor, founder and CEO of Zabolis Partners. Alumnus of Vilnius University, Faculty of Physics.
Members of Investment Board
Alius Jakubėlis, Chair
Chair CEO of “Orion Securities”, President of the Lithuanian Financial Brokers Association
Entrepreneur, investor, expert in bond markets.
Mindaugas Mažeikis, CFA
Investment Strategist at INVL Finasta. Expert in stock markets, chartered financial analyst (CFA)
Prof. Konstantinas Pileckas
Professor at VU Faculty of Mathematics and Informatics, private investor
Economist, investment specialist.
Chief Investment Officer at Willgrow
CEO of the Fund
Justinas Noreika, CFA
Over 10 years of experience in various organization and investment management, chartered financial analyst (CFA)
Internal Control Committee
Dr. Irma Kamarauskienė, Chair
Auditor, former CFO of Achema Group.
(Delegated by VU)
Dr. Algirdas Juozapavičius
Former shareholder and long-time CEO of JSC Light Conversion.
(Delegated by co-founders)
CFO of Eksma Group
(Delegated by co-founders)