Podravka d.d. Supervisory Board appointed new Management Board members

Today's session of Podravka Supervisory Board was concluded with extension of the present five-member Management Board to seven members. Next to the existing ones, new appointed members are Ms. Lidija Kljajić, present director of the Controlling sector, and Mr. Krunoslav Bešvir, present director of the Food business program.

Today's session of Podravka Supervisory Board was concluded with extension of the present five-member Management Board to seven members. Next to the existing ones, new appointed members are Ms. Lidija Kljajić, present director of the Controlling sector, and Mr. Krunoslav Bešvir, present director of the Food business program. Pursuant to Article 261 of the Company Law, the Supervisory Board also appointed Mr. Branko Vuljak, Supervisory Board member, as Management Board deputy member. This appointment is to the 30-days period, and during this time his term at the Supervisory Board has been suspended.

Apart from that, the Supervisory Board also decided to appoint an internal reviewer for the Podravka d.d. Supervisory Board.

At this session it was also concluded that Podravka d.d. needs to convene a General Assembly at the earliest possible convenience.

Next to all these decisions, a series of measures were determined in order to improve the existing practice of corporate governance of Podravka d.d. and continuation of uninterrupted operations of this company.

Concluding that the next Podravka d.d. Supervisory Board session be held in the following two weeks, the Supervisory Board emphasized that all decisions have been made primarily in the interest of the company, all shareholders and all other interested parties.

Further information on Podravka Group business results for the first quarter 2009 please find here .