Mindaugas Kurauskas has been appointed as the CEO of Giraites ginkluotes gamykla (GGG), the only ammunition manufacturer in the Baltic States. Having won the competition announced by the company’s Board, Kurauskas officially assumes his new role on June 16, 2025.
“Given today’s geopolitical situation, the importance of the factory’s operations has taken on new significance. Ammunition supply, the development of the defense industry, and investment in production are areas where we cannot afford to delay. One of the key tasks for the new CEO will be to strengthen the company’s cooperation with investors in implementing joint projects that enhance Lithuania’s defense potential,” said Minister of Finance Rimantas Šadžius.
Kurauskas previously served as Executive Director of Grafobal Vilnius, one of the largest printed packaging manufacturers in the Baltic States, where he worked for more than 20 years. He began his career there as a Sales Manager (2001–2006), later served as Commercial Director (2006–2019), and held the position of Executive Director from 2019 to 2024. Kurauskas holds a Bachelor of Science in Mechanical Engineering and a Diploma in Printing Engineering from Kaunas University of Technology.
“The Board is pleased to appoint M. Kurauskas as the company’s Director. His strong values, extensive experience in manufacturing and export fully met our expectations for the new CEO. We look forward to his implementation of ambitious development plans for the factory — increasing production volumes and product range, as well as expanding export markets,” said Dangirutis Janušas, Chairman of the Board of Giraites ginkluotes gamykla.
The Board has appointed Kurauskas as the company’s Director for a five-year term.
“I fully understand the importance of this role and I am ready to join the team of a company that holds strategic significance for Lithuania. Ahead lies challenging but meaningful work. We are beginning initiatives that will allow us to proudly say that our factory operates to the highest standards of quality, efficiency, and international recognition,” said the new CEO of Giraites ginkluotes gamykla.
For more than two decades, GGG has focused on producing the highest quality ammunition, earning recognition in international markets. The sole shareholder of the company is the State of Lithuania, holding 100% of the shares, with shareholder rights and responsibilities exercised by the Ministry of Finance.
The competition for the CEO position attracted 89 applicants in total. A shortlist of 7 candidates was evaluated by the company’s Board.