Utenos Trikotažas has approved Nomeda Kaucikiene, who has been the head of the company's Business Development Department since last year, as the company's CEO. The new CEO will take office on 3 May. N. Kaucikiene has 20 years of experience in the textile sector.

Prior to joining Utenos Trikotažas, she successfully managed a factory in Vietnam established by LTP. The new CEO will replace Vytautas Vaškys, who temporarily headed Utenos Trikotažas, and will continue to lead the SBA Business Risk Department and serve on the boards of other SBA companies.