On 4 August 2022 Šiauliu Bankas AB has received notifications of Algirdas Butkus and Ilona Baranauskiene about their resignation from the Bank's Management Board members. 18 August 2022 is the last day of Algirdas Butkus's term of office as a member of the Management Board and as a Deputy of the CEO of the Bank and 30 September is the last day of Ilona Baranauskiene‘s term of office as a member of the Management Board and as a Head of Legal and Administration Division of the Bank. At the Bank's Management Board meeting held on 4 August 2022, Vytautas Sinius, Chief Executive Officer of the Bank, was elected as the Chairman of the Bank's Management Board and will take up his duties as Chairman of the Bank's Management Board from 19 August 2022.

At the meeting of the Bank's Supervisory Council held on 4 August 2022, Valdas Vitkauskas was elected as the Chairman of the Bank's Supervisory Council, replacing Arvydas Salda, who had been a member of the Supervisory Council and Chairman of the Supervisory Council of the Bank until 4 August 2022, and who had announced about his resignation on 9 June 2022. In view of the changes in the members of the Bank's Supervisory Council in 2022, the meeting also reviewed and reconstituted the composition of the committees of the Bank's Supervisory Council. The 2 newly elected members of the Supervisory Council, T. Okmanas and M. Raila, will take up their duties at the Bank subject to permission issued by the Bank's supervisory authority.