Lithuania’s ESO CEO Resigns Amid Storm Disruptions

Renaldas Radvila, CEO of Lithuania’s electricity distribution system operator ESO, resigned effective September 30, 2026, following a storm that struck the country three weeks prior. The ESO Board accepted his resignation during an extraordinary meeting on Wednesday, and Audrius Ruseckas, Head of ESO’s Finance and Administration Service, was named interim CEO as of October 1, 2026. Radvila acknowledged in a statement that while the storm itself was uncontrollable, the company should have been better prepared, citing past shortcomings after a similar storm in 2024. He noted that leadership must be accountable for both success and failures, including operational failures that may disappoint customers. Darius Maikštėnas, CEO of ESO’s parent company Ignitis Group, described the resignation as a necessary step to prioritize restoring network resilience and operational recovery efforts, emphasizing the urgency of implementing necessary changes to prevent future disruptions.