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2020 March 02

Utenos Trikotažas welcomes new head of finance

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Effective today, Živilė Jonaitytė has become the Chief Financial Officer of textile producer Utenos Trikotažas, a part of the SBA Group. She replaces Andrej Grobov, who led the company’s finance department for the last five years and is starting work as Head of Financial Control at the company’s main shareholder – the SBA concern.

“The team at Utenos Trikotažas is being joined by an experienced financial executive with experience working at financial institutions and large corporate groups. For his part, Andrej, an outstanding professional, will strengthen other SBA Group companies with his knowledge and experience,” says Utenos Trikotažas CEO Petras Jašinskas.

Živilė Jonaitytė, an economist by training, joined SBA Group at the start of this year. For the last several years, she worked at companies of the Vilniaus Prekyba group, serving as head of finance at one and managing a strategic project to integrate businesses acquired in Poland. She has also worked at SEB Bankas, where she was responsible for large corporate client financing projects.

“The Lithuanian company Utenos Trikotažas’s achievements in the area of sustainable manufacturing are recognised on a global scale and I’m delighted to join such a spirited and determined team. I think the company has big potential to grow in foreign markets, increasing sales, manufacturing productivity and operating efficiency. Together with the entire management team, we will pursue ambitious goals,” Živilė Jonaitytė, the new CFO of Utenos Trikotažas, says.