Meet the team

We are a well-balanced team with extensive experience in the fields of renewable energy, investment and risk management


Povilas Pečiulis

CEO, Member of the Board

Povilas Pečiulis is CEO and Member of the Board of Modus Asset Management. He is responsible for set up of the company’s strategy and its implementation, capital raising, investments selection and fund management. Povilas Pečiulis brings to the team his experience in structuring and executing investments, corporate finance, capital raising and project management activities. 


Before joining Modus Asset Management, Povilas acted as a CFO and Financial advisor at the top corporate level for 7 years at Modus Group, an international group of companies operating in renewable energy, automotive, car sharing, real estate and parking businesses. He was responsible for the key investment and asset management decisions at Modus Group. Prior to that, he spent 2 years in Baltic Financial Restructuring and Recovery department at Swedbank. In his earlier carrier, he worked for more than 6 years as Head of Business Development at Mantinga and Senior Associate at EY. 


Povilas Pečiulis holds an MBA from Vilnius University.


Liudas Liutkevičius

Chairman of Board

Liudas is Non-executive Chairman of the Board at Modus Asset Management. With more than 15 years experience in top executive duties in the energy sector, Liudas brings to the team his experience in strategy development, corporate governance and risk management.


Liudas Liutkevičius is Chairman of the Board of Modus Group since 2016. Prior to Modus Group, Liudas acted as Chairperson, CEO and worked in other executive roles for 3 years at Lietuvos Energija group, the state-controlled and the largest energy group in Lithuania. Before that, he was chairperson and CEO at Enefit, trading company of Eesti Energia, the largest energy producer in the Baltic States. In his earlier career, Liudas Liutkevičius spent 5 years as a Chairperson at Pristis, leading low voltage and security systems solutions company in the Baltics.


Liudas holds Master degree in international finance from Vilnius University Business School. He is also a graduate of the Baltic Institute of Corporate Governance.

Ruslan Sklepovič 

Member of the Board

Ruslan Sklepovič is a Non-executive Board Member of Modus Asset Management. With 15 years of experience in the energy sector, Ruslan brings to Modus Asset Management his in-depth knowledge of renewable energy technologies, energy market, renewable energy project development and investment management in different geographies. 


Ruslan leads Modus Energy and is a Board Member at Modus Group. Before joining Modus Group, Ruslan was an Engineer in Veolia Group and Project Manager at VST (former Lithuania electricity grid operator). During his career, he has also held the office as the President of the Association of Renewable Energy Producers of Lithuania for 3 years.

Ruslan holds Master of science degree in engineering from Vilnius Gediminas Technical University.

Donatas Kundrotas 

Investment Director

Donatas leads M&A transactions at Modus Asset Management. With over 8 years experience in transactions, valuation and project management, he brings a wealth of experience to support investment selection, buy and sell side processes as well as management of the investments.


Before joining Modus Asset Management, Donatas was a financial advisory Manager at Deloitte, where he advised private equity and strategic clients in relation M&A transactions, valuation & modelling and corporate finance.


Donatas holds Executive MBA degree from Baltic Management Institute and is CFA charterholder.

Olga Kleinova 

Risk Officer

Olga is responsible for risk management function at Modus Asset Management. With over 12 years of experience in internal control and finance, Olga brings sound knowledge and expertise in proactive and proper real-time risk monitoring and risk management process. 


​Olga is the Head of the internal control at Modus Group. She is responsible for risk management, internal audit procedures and tax compliance. Prior to Modus Group, Olga was a Chief State Auditor at National Audit Office of Lithuania. She also worked as an Audit Manager at Grant Thornton and as a Senior Consultant at EY.


Olga holds master degree in MBA from Vilnius University. She is also a certified internal auditor member at Institute of Internal Auditors.

Aldona Lekšaitė 


Aldona is Lawyer at Modus Asset Management. With over 8 years of experience in law she ensures day-to-day Modus Asset Management activities compliance with internal policies, legal and regulatory requirements.


Aldona works as a Lawyer for Modus Group for more than 4 years. Before Modus Group she also worked at ECOVIS law firm. As a lawyer, she combines expertise in regulatory and legal compliance, corporate, trade and other fields of law.


Aldona holds Master degree in intellectual property law from Mykolas Romeris University.



+370 5 235 6080


Ozo st. 10A, LT-08200
Vilnius, Lithuania

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