Estonian businessman to take charge of Rail Baltica supervisory board

Take note – story published 2 years ago

A high-profile Estonian businessman as been appointed as the new Chairperson of the RB Rail AS Supervisory Board.

Sandor Liive has been a member of the Supervisory Board of RB Rail AS since November 2020 but now steps up to replace Latvian Anrī Leimanis, who will continue on the Supervisory Board as vice-Chairperson. The chairperson’s position rotates every year.  

“Rail Baltica clearly is the biggest interconnection project between the Baltic States ever implemented.  It has a major role in turning the transport sector greener and safer. Furthermore, Rail Baltica construction and operation will be an additional growth catalyst for the Baltic Sea Region,” said Liive.

“The success of Rail Baltica is largely dependent on the people who implement it. Hence, the Joint Venture of the Baltic States, RB Rail AS needs to become a more attractive employer for talented and motivated experts. As Chairman, I will priorities employee attraction high on the Supervisory Board’s agenda,” he said.

Liive was CEO at Eesti Energia for nine years, and, prior to that, CFO. He has also held the position of CFO at the Port of Tallinn. A keen skier, he has also served as president of the Estonian Ski Association. He's also a founder of Fermi Energia, a company that is trying to get a nuclear reactor built in Estonia.

Rail Baltica is the largest infrastructure project in the Baltic States over the past 100 years. High-speed, European-gauge railway lines of 870 km in length plus necessary infrastructure are to be built as part of a 5.8-billion-euro project. RB Rail is the jointly-owned company of Estonia, Latvia and Lithuania in charge of the project.

The Supervisory Board of RB Rail AS consists of six members nominated by the Shareholders and elected for a three-year period. The function of the Supervisory Board is to select the company’s management, establish and execute a corporate control environment, and provide its strategic guidance.

The Supervisory Board of RB Rail AS currently  includes the following members:

Nominated by Estonian shareholder: Ahti Kuningas, Deputy Secretary-General for Transport at the Ministry of Economic Affairs and Communication of Estonia and Sandor Liive, independent Supervisory Board member.

Nominated by Latvian shareholder: Ligita Austrupe, Deputy State Secretary of Ministry of Transport of Latvia and Anrī Leimanis, independent Supervisory Board member.

Nominated by Lithuanian shareholder: Karolis Sankovski, CEO at AB LTG INFRA, and Romas Švedas, Chairman of the Board at AB LTG.

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