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Power company loses its head

Jul 22, 1999
By Paul Beckman

VILNIUS - So far 1999 has been anything but a bowl of cherries for Lietuvos Energija, the Lithuanian power company. Criticism of the company's inability to collect debts and coordinate a potential international deal with the Lithuanian government has convinced its boss, Virmantas Jurgaitis, to clean out his desk and walk away July 15."Jurgaitis [informed] the board that he wanted to leave," Ministry of Economics energy development department chief Jonas Kazlauskas told TBT. "I don't know for sur ...

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