In a statement released on the Ljubljana Stock Exchange yesterday, Petrol announced the appointment of three Management Board members for a term of office of five years.

Petrol announced that, as of yesterday, Nada Drobne Popović became the President of the Management Board, while the terms of office of Management Board members Matija Bitenc, and Jože Bajuk, will begin on 11 March 2020.

According to media writings, the new Management Board will work on preparing a new strategy for the period until 2025. The strategy is expected to be finished by summertime and will aim at transforming the company from an oil retailer into a full-fledged energy company.  

Note that Mrs. Drobne Popović was the president of the Supervisory Board which terminated the previous Board Member’s mandate back in October. Afterwards she took over the as president of the Management Board and will now officially continue to perform the function for a period of five years.