Monday, 23. April 2012.
Milan Teofilović- the President of the new Supervisory Board
Shareholder’s Assembly HIP- Petrohemija, on the 7th special meeting, held on Friday, April 20 , 2012, has released from duty the up till now Managing Board of the Company and appointed a new Supervisory Board, which will take over the role of Managing Board, in the accordance with the regulations of the Companies Law and the Company’s Bylaw. Immediately, after the Assembly, the first session of the new Supervisory Board was held.
So far president of Managing Board, Mr. Milan Teofilović, presenting to Shareholder’s Assembly the business of HIP-Petrohemija from the year of 2009 to 2014, said that the priority in 2012 would be saving or additional revenues, with the aim of improvement of the planned results and reduction of the negative effects in the business of the company. By the proposed measures transformed into the Action plan for improvement of the efficiency of business, as it was stated in Teofilovic’s expose, there are planned savings of 1.2 billion dinars this year.
After Teofilovic’s presentation, members of Shareholder’s Assembly unanimously chose the new Supervisory Board, in which there are, according to the Agreement on Strategic Cooperation between NIS and HIP-Petrohemija, signed last year, on November 21, two representatives of the state capital, one representative of NIS and one of Srbijagas and one expert of international labor market. In the new Supervisory Board, there are appointed Mr. Milan Teofilovic, Special Adviser to Director General of HIP-Petrohemija, who was so far President of Managing Board of the company, Mr. Nikolaus Petri, Deputy Director General of NIS and Manager of the office for investment and development, Mr. Ivan Soucek, Director of Czech refineries for many years, Ms. Mila Mladenovic, Cabinet Manager of Srbijagas Director General and Mr. Nedeljko Konjokrad, up till now Member of Managing Board of the company. To remind, previously Government of Republic of Serbia, on the session held on March 7, 2012, made a decision to release and appoint representative of the state capital in Managing Board of the company.
After Shareholder’s Assembly, the first session of the new convocation of Supervisory Board of HIP-Petrohemija was held. On agenda, there was the appointment of the President of this managing body and adoption of Regulations in work of Supervisory Board.
For the President of Supervisory Board of HIP-Petrohemija there has been elected the up till now President of Managing Board, Mr. Milan Teofilovic, who performs the duty of Special Adviser to Director General of the Company.
Unanimously, there have been adopted the Regulations in work of Supervisory Board, regulating the way of working and making decisions of this managing body.