The Supervisory Board decided to publish a public call for the selection of CEO of Aluminij

Aluminij Mostar

Members of the Supervisory Board of Aluminij d.d. Mostar, chaired by Zdenko Klepić, PhD, decided on the public call for the selection of CEO of Aluminij d.d. Mostar for a four-year mandate. Flowing that, on the 1st of February of this year, the public call will be published, with clearly defined conditions that candidates must fulfil.

The decision was taken at the Supervisory Board session, during which the Decision of the Company's Shareholders Assembly, held on January 11th of 2019, was also considered, with which the owners or their legal representatives did not adopt the Aluminij’s Financial Report for 2017.

-   Conclusion of the Assembly that it is necessary to take steps in the direction of eliminating all identified irregularities, and except for Acting Management and Professional Services of the Company, an external auditor, as well as members of the Aluminij’s Audit Committee, will have an active role in eliminating these irregularities. Furthermore, we have also considered an independent review of Aluminij's business conducted by the International Audit Company KPMG, together with the proposal of the concept of financial restructuring measures. It is concluded that these documents should be submitted to the Government of the FBiH and other shareholders urgently, and all the above-mentioned financial restructuring measures must be incorporated into the Factory Restructuring Plan - commented the president of Supervisory Board, adding that the Acting CEO of Aluminij, Dražen Pandža, had informed the members of the Supervisory Board with the current situation in the Company.

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