2019.04.09 14:41

Baltics' biggest retail group Maxima replaces CEO

BNS 2019.04.09 14:41

Justas Riauba is replacing Dalius Misiūnas as chief executive officer of Maxima Grupė, the largest retail group in the Baltics controlled by Nerijus Numavičius.

Riauba has also been elected chairman of Maxima Grupė's board of directors, the company said.

Vilniaus Prekyba CEO Mantas Kuncaitis is also joining the board.

The decision to relieve Misiūnas of his duties as the head of Maxima Grupė was made “by mutual agreement”, the company said. The sides agreed due to “diverging views” about the company's further development, a new top manager should take the reins of Maxima Grupė.

BNS Lithuania could not reach Misiūnas for comment.

BNS sources say that the dismissal was unexpected for Misiūnas and that he is leaving the board of the group's other companies.

Since 2013, Riauba has held leading positions at companies in the group responsible for investments. Before joining Maxima Grupė, he coordinated business development projects at Metodika B.V. – a Dutch holding company for Vilniaus Prekyba and the NDX Group which also acts as Nerijus Numavičius' family office.

Before joining Maxima Grupė, Misiūnas served as vice president for the SBA business group and led the group's furniture production business. Before that, he headed the state-run energy group Lietuvos Energija.

The group owns Maxima supermarket chains in the Baltic countries, Stokrotka and Aldik in Poland, and T-Market in Bulgaria, as well as the grocery delivery service Barbora which operates in Lithuania and Latvia.