Latvia backing RB Rail CEO alone not feasible for long, says Kučinskis ({{commentsTotal}})

RB Rail CEO Baiba Rubesa.
RB Rail CEO Baiba Rubesa. Source: (Powethouse)

Only Latvia is still backing RB Rail's CEO, Baiba Rubesa, while Lithuania and Estonia want her replaced. This situation couldn't go on for long, Latvian Prime Minister Māris Kučinskis told BNS.

Kučinskis said that he still doesn't have full information about the no-confidence motion launched against Rubesa by RB Rail's Lithuanian and Estonian shareholders, but that he wants to know about all the arguments involved. "I want to understand their argumentation, because nobody has provided explanations so far. I do not have sufficient information," Kučinskis said.

The prime minister considers this kind of conflict unacceptable as it threatens the implementation of the entire Rail Baltica project. "If in half a year the two other countries have objections again and we don't, this will again mean an impasse," the prime minister said. Such a situation couldn't continue for too long. "I think that Rubesa has to sort out the situation and explain what is going on," Kučinskis said.

At a RB Rail shareholder meeting last Thursday representatives of Estonia and Lithuania voted to express their lack of confidence in RB Rail's Baiba Rubesa. Latvia abstained.

Next the issue will be discussed by the company's supervisory board, who will decide whether or not Rubesa can continue. The next ordinary supervisory board meeting is scheduled to take place in mid-March.

According to Riia Sillave, CEO of Estonian shareholder Rail Baltic Estonia OÜ, the shareholders aren't happy with Rubesa's work and find that changes have to be made.

RB Rail's shareholders include the Lithuanian, Latvian, and Estonian railway companies, UAB Rail Baltica statyba, SIA Eiropas Dzelzceļa līnijas, and Rail Baltic Estonia OÜ. RB Rail AS is the central coordinator of the Rail Baltica project aiming to build a high-speed railway line from Tallinn to the Lithuanian-Polish border.

Rubesa was elected CEO in October 2015. Her term expires in October this year.

Editor: Dario Cavegn

Source: BNS, ERR



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