It is with sadness that we share the news of the passing of Dr. Ri​čardas Zitikis on April 9, 2025. He was then 62 years of age. Ričardas was awarded his PhD degree in 1988 by Vilnius University in Lithuania and moved to Canada in 1994 on an NSERC Canada International Postdoctoral Research Fellowship to pursue his research at Carleton University in Ottawa. He joined the Department of Statistical and Actuarial Sciences at the University of Western Ontario in 2001. He dedicated his life to his career, leaving a significant impact in the fields of quantitative risk management and actuarial science as a researcher, industry pioneer, and devoted mentor. Ričardas has authored more than 180 peer-reviewed publications, which altogether have been cited nearly 5000 times. He was also a board member and cofounder of the RISC Foundation, a Canadian nonprofit that promotes research and education in risk management. His pleasant and unassuming demeanour will be missed. In memory of Ričardas, those wishing to make a donation are asked to consider contributing to the Ričardas Zitikis International Research Prize in Quantitative Risk Management: www.zeffy.com/donation-form/honour-professor-riardas-zitikis-support-the-next-generation-of-risk-scientists