Board/Management Information • Jul 4, 2024
Board/Management Information
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+37129249356 · [email protected] · linkedin.com/in/martinsbicevskis
strategic planning change management stakeholder management (ability to see things from the perspectives of various stakeholders including public and corporate governance ESG (including contributions to national level policy making) talent management (including appointing the CEO/Senior management)
Finance, including:
Real Estate Energy Transport (railway) Education including Higher education Edtech Public government management: Finance, Justice, Migration
private ones)
Member of the Supervisory Board, NED
Delfingroup - consumer financing in Baltics, leader in Latvia Chairman of the Supervisory Board, NED BA School of Finance - one of the leading business schools in Latvia Deputy chairman of the supervisory board, NED LatRailNet - Railway regulator in Latvia Member of the Board of Advisors AM Craft - Additive manufacturing in aviation, startup with locations in Riga, Dubai, Singapore
DelfinGroup, listed on NASDAQ Baltic (DGR1R)
a licenced technology-based financial services company (270 employees, 50 mil EUR revenue and 10.5 mil EBITDA in 2023)
BA School of Finance (Banku augstskola)
One of the leading business schools in Latvia (800 students, 4,2 mil EUR revenue) Appointed in 2022 for a 3-year term
Railway regulator in Latvia, Daughter company of SJSC "Latvijas Dzelzceļš" (Latvian Railway) (24 employees, 1.4 mil EUR revenue)
Largest real estate management and development company in the country (465 employees, 40 mil EUR revenue and 16.7 mil EBITDA, 400 mil EUR assets under management)
Biggest Latvian energy company in Latvia. involved in the generation and supply of electricity and thermal energy across the Baltics (3000 employees, 840 mil EUR revenue and 243 mil EBITDA in 2019)
(Member of the worldwide (118 countries) network, annually ensures the availability of a Europe-approved practical business education program to approximately 120,000 students
Mentor pro bono
Representative of the VC and Private equity industry's interests in Latvia and Europe
Member of the Board
Latvia's leading sports organisation
Member of Executive Committee
2016-2019
2016-2019
2020-2023
Appointed in 2021 for a 5-year term
Appointed in 2021 for a 5-year term
by the President of Latvia
since 2014 most recently appointed in 2022 for a 3-year term
2019-2023
a licenced technology-based financial services company (270 employees, 50 mil EUR revenue and 10.5 mil EBITDA in 2023)
Appointed in 2021 for a 5-year term
Over the last three years, the company has successfully executed an IPO, doubled its revenue and EBITDA, introduced new digital products (virtual card, digital pawnshop), and commenced operations in a new market (Lithuania).
Board Composition and Performance: Conducting annual assessments of the Supervisory Board's performance and monitoring whether the Board's composition and competence are sufficient for sustaining the company's further development
Strategic Compensation Oversight: Crafting and implementing compensation strategies for the executive team and Management Board to align with the company's goals and governance standards. A new KPI and bonus scheme has been introduced based on, based on the principles of the Balanced Scorecard Executive and Auditor Nominations: Leading the nomination process for Management Board members and internal auditors, ensuring candidates meet strategic and ethical standards of the company
Remuneration Policy Development: Developing transparent remuneration policies and reports for the governing bodies, aligning with best practices and regulatory expectations
Succession Planning and Talent Development: Overseeing succession planning and the development of key personnel, securing the company's future leadership and operational excellence
Mentoring CEO: regular support for CEO in managing organisational changes and talent
Stakeholder management: Advising Management in Stakeholder management strategies and regulatory relationship management
One of the leading business schools in Latvia
General Board Management: Responsible for the organisation of the Board's Work including Yearly planning and planning of each board meeting, Relationship with Stakeholders, mentoring and evaluating Rector Strategy: Leading the development of a transformation strategy of the BA School of Finance and creation of a monitoring system for strategy implementation
M&A: Strategic leadership of the Integration of the BA School of Finance with the University of Latvia, including Strategic roadmap, management of founders and stakeholders to ensure government decisions and supporting a staff of BA School of Finance for changes
Railway regulator in Latvia, Daughter company of SJSC "Latvijas Dzelzceļš" (Latvian Railway) (24 employees, 1.4 mil EUR revenue)
Appointed in 2021 for a 5-year term
Change Management: Implemented changes within the company by establishing a board as structural part of the company and introducing a new corporate governance standard, and created new routines for the board of directors and shareholder collaboration.
Strategy: Ensured the development process of the new Strategy (2023 - 2027), and conducted the necessary strategic discussions with the shareholder regarding the scope and ambition of the strategy.
Largest real estate management and development company in the country (465 employees, 40 mil EUR revenue and 16.7 mil EBITDA, 400 mil EUR assets under management)
2016-2019
General Board Management: Responsible for organising the Board's work, including yearly planning and planning each board meeting, managing relationships with stakeholders, and mentoring and evaluating the Management Board
Strategy: In 2016, the company faced financial goal non-fulfillment and a client confidence crisis. The Board approved a new Strategy for a 5 year period with a new business model and its major sub-strategies, including Digitalisation, Communication, Financial, and Human Resources Development. By 2018, the company had achieved satisfactory operation and good results. The company also achieved profitability from 2017 onwards and became an industry leader in BIM implementation.
Corporate Governance: A corporate governance system was implemented, including a management evaluation system, risk management system and approval of key policies. The board set a strategic goal for State Real Estate to participate in the Sustainability Index, with the company receiving a bronze level in 2018, a gold level and a special prize for the fastest corporate governance growth in Latvia in 2019.
Biggest Latvian energy company in Latvia. involved in the generation and supply of electricity and thermal energy across the Baltics (3000 employees, 840 mil EUR revenue and 243 mil EBITDA in 2019)
Member of the Supervisory Board, NED Chair of the HR Committee
Executive and Auditor Nominations: Leading the nomination process for Management Board members and internal auditors, ensuring candidates meet strategic and ethical standards of the company
Succession Planning and Talent Development: Overseeing succession planning and the development of key personnel, securing the company's future leadership and operational excellence
Enhanced the capacity and capabilities of Latvenergo management board and leadership team by selecting new board members, a head of audit, and leaders for the conglomerate's subsidiary companies.
Implemented an efficiency program that reduced the conglomerate's workforce by over 500 employees, resulting in an increase of over EUR 15 million in EBITDA in 2019. Overall, strategic effectiveness and development programs, created on the basis of the Boston Consulting Group consultancy project, were projected to generate an additional EUR 30 million in EBITDA annually for the conglomerate within three years.
Corporate governance: A Corporate Governance audit ordered by the Board (conducted by BICG) resulted in a new improved version of the corporate policy.
Member of the worldwide (118 countries) network, annually ensures the availability of a Europe-approved practical business education program to approximately 120,000 students
since 2014
Mentor pro bono
most recently appointed in 2022 for a 3-year term
Representative of the VC and Private equity industry's interests in Latvia and Europe
2019-2023
Government Relationships, including Ministry of Finance, Ministry of Economy, Regulator and other stakeholders.
Representative of the banking industry's (30 billion EUR assets under management) interests in Latvia and globally (8 employees, EUR 1 million turnover)
| President (CEO) | 2011-2016 |
|---|---|
| Government of Latvia (12 years) | |
| State Secretary, Ministry of Finance | 2008-2011 |
| 420 employees, EUR 700 million turnover, role of shareholder in 3 state-owned companies, including a state bank, state real estate, and state lottery |
|
| State Secretary, Ministry of Justice | 2004-2008 |
| 240 employees, EUR 160 million turnover, role of shareholder in a company responsible for real estate and technology of the judiciary |
|
| Deputy State Secretary of the Ministry of the Interior | 2003-2004 |
| Head of the Office of Citizenship and Migration Affairs | 2000-2003 |
| 800 employees, EUR 5 million turnover | |
| Member of Parliament, Parliamentary Secretary of the Ministry of the Interior | 1999-2000 |
| Limited Partner, Chair of the Advisory Board Commercialisation Reactor Fund |
From 2018 |
|---|---|
| Early stage Baltic startup acceleration fund, EUR 5 mil | |
| Chair of the Advisory Board, Buildit | From 2024 |
| Early stage Baltic startup acceleration fund, EUR 7 mil | |
| Member of the Advisory Board, AM-Craft | From 2024 |
| Additive manufacturing in aviation, startup with locations in Riga, Dubai, Singapore, raised EUR 1+ mil | |
| Mentoring | From 2018 |
| C-level management of various scale-up stage companies like: Jobilla - a digital recruitment platform (raised 10,5 mil EUR) Interactio - a remote simultaneous interpretation platform (raised 25 mil EUR) AM-Craft - Additive manufacturing in aviation (raised 1+ mil EUR) |
|
| Startup support programs for: | |
| Cocoon - a company growth program through personal coaching of founders and C-level Management (Baltics, Finland, Poland) |
|
| Seedstars - international investment and education company from Switzerland, with 15 offices to cover 90+ countries |
|
| European Digital Education Hub | |
| ADVISORY EXPERIENCE |
Advisory project for Riga Technical University on change management (internal consolidation of faculties) 2024
Senior Non-Key Expert on Change Management in the reorganisation of State Administrative Bodies of North Macedonia (2000-2021)
The European Confederation of Directors' Association (ecoDa) European Board Diploma, 2023
Baltic Institute of Corporate Governance Chair Education Certificate, 2017
Baltic Institute of Corporate Governance Board Member Education Certificate, 2016
Harvard Kennedy School Summer School program "Managing political and economical change", 2008
University of Latvia Baltic Institute of Corporate Governance Professional degree in law, 1998 Member of Policy Group in Latvia from 2020
Latvian, native English, business fluent Russian, conversational
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