Petrol nominates Popovic as new CEO

Petrol dd Ljubljana

22/01/2020 11:04

LJUBLJANA, Jan 22 (Reuters) - The supervisory board of
Slovenia's largest fuel retailer Petrol  PETG.LJ  has nominated
Nada Drobne Popovic as its new CEO after the previous
management, led by Tomaz Berlocnik, quit in October, the company
said on Wednesday.
    "Based on the interviews (with potential CEO candidates) and
strategies for the development of Petrol ... Nada Drobne Popovic
was selected as the most suitable candidate," deputy president
of the supervisory board, Saso Berger, said in a statement.
    Popovic has been leading Petrol temporarily since October,
having headed its supervisory board before that.  urn:newsml:reuters.com:*:nL5N2799R9
    The previous management quit due to disagreements with the
supervisory board regarding future strategy. 
   Petrol is Slovenia's largest company according to revenue and
has units in Croatia, Bosnia, Serbia, Montenegro and Kosovo. Its
shares fell by 0.51% to 392 euros ($434.57) by 1054 GMT, after
the news was released, while the blue-chip SBI index  .SBITOP 
gained 0.43%.

($1 = 0.9020 euros)

 (Reporting by Marja Novak, editing by Louise Heavens)
 ((Marja.Novak@thomsonreuters.com; +386-1-5058805, Reuters
Messaging: marja.novak.thomsonreuters.com@reuters.net))