Familiar face returns to Rail Baltica project

The three shareholders of RB Rail AS - Rail Baltic Estonia OU, SIA Eiropas Dzelzceļa līnijas, and Rail Baltica statyba UAB – on February 1 endorsed Latvia's Ģirts Rūda as a temporary member of the Supervisory Board for the Baltic joint venture, marking his return to the project after a four-year absence.

Lawyer Rūda currently holds the position of Legal and Administrative Director at State Real Estate JSC. He previously served as a board member of the Financial and Capital Market Commission from 2020 to 2022, but before that he led the legal department of RB Rail AS from 2017 to 2020. Back then he produced a presentation that described Rail Baltica as the 'Project of the Century'.

Educated at the University of Latvia, and the University of Bristol in the United Kingdom, Rūda earned a master's degree in business management from the Riga Business School. He has also been a lecturer at the Faculty of Law of the University of Latvia.

Rūda's addition to the RB Rail AS board returns it to full strength, including Chairman Sandor Liive, Arenijus Jackus, Arnis Kākulis, Keit Kasemets, and Romas Švedas.

The RB Rail AS board comprises six members elected for a three-year term. Each shareholder - Estonia, Latvia, Lithuania - proposes two candidates, subject to approval by the shareholders' meeting. As per the shareholder agreement, the position of the board chairman rotates annually, with a representative from another country assuming the role.

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