The Management Board of NEO Finance, AB (legal entity code 303225546, registered office address Ukmergės g. 126, Vilnius, Republic of Lithuania, hereinafter – the Company) has decided to conclude the selection process for the position of the Company’s Head of Administration and confirm that the candidate, whose identity is currently undisclosed, is deemed suitable to hold the position.
In accordance with the requirements set out in the Law on Electronic Money and Electronic Money Institutions of the Republic of Lithuania and the Resolution No. 03-181 of the Bank of Lithuania “On the Approval of Guidelines for the Assessment of Managers and Key Function Holders of Financial Market Participants Supervised by the Bank of Lithuania”, the Company will apply to the Bank of Lithuania, submitting the necessary documentation and information about the candidate to obtain approval for the appointment.
Once the Bank of Lithuania confirms that the candidate may be appointed as the Company’s Head of Administration, the Management Board will adopt a resolution to appoint the candidate as the Head of Administration as of the date specified in the resolution. The Company will immediately inform the public about the decision by issuing a separate notice.
Currently, the position of the Head of Administration of NEO Finance is held by Evaldas Remeikis, who will step down and pass the role to a well-known professional in the fintech industry, who will assume the position after receiving the Bank of Lithuania’s approval. E. Remeikis will continue to serve as Chairman of the Management Board of NEO Finance. This decision was made to further strengthen the Company’s executive team and better utilise the group’s leadership competencies.
“First and foremost, I am an investor, and therefore I never intended to remain in the Head of Administration role long term. Taking this into account, and guided by the highest standards of corporate governance, a decision was made to ensure leadership aligned with the Company’s long-term goals.
In recent years, NEO Finance has stabilised operations and established itself as the undisputed leader in the payment initiation service market. We have achieved our short-term objectives together with the team – now it’s time to move higher and faster. I am confident that a well-known and respected professional in the market will bring fresh ideas to the group and inspire us to pursue ambitious long-term goals. I hope the formal candidate approval process will not take long – we look forward to welcoming them to the team,” noted Evaldas Remeikis, Head of Administration of NEO Finance.
In 2024, NEO Finance generated EUR 6.07 million in revenue and earned EUR 0.486 million in net profit. Compared to 2023, these figures increased by 29% and 86%, respectively. During the same period, the Company’s EBITDA grew by 38% and reached EUR 1.02 million.
Head of Administration
Evaldas Remeikis
Email: evaldas.remeikis@neofinance.com