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Croatia's Janaf appoints new CEO

Author Annie Tsoneva
Croatia's Janaf appoints new CEO Omisalj terminal of Croatia's Janaf, Photo: Janaf

ZAGREB (Croatia), October 22 (SeeNews) - Croatia's oil pipeline operator Janaf said its supervisory board appointed Stjepan Adanic chief executive officer (CEO) for the next four years.

The supervisory board took the decision for his appointment on Thursday following a public competition for the position of CEO, the company said in a filing to the Zagreb bourse.

Adanic has been acting CEO at Janaf since September last year, when the company's previous CEO Dragan Kovacevic was dismissed in a corruption scandal.

Croatia's ministry of state assets controls some 52% of Janaf's share capital, followed by the government's centre for enterprise restructuring and privatisation, CERP, with some 26%, and oil and gas company INA with some 12%.

Janaf has crude oil and oil products terminals located on the island of Krk, as well as in Sisak, Virje, Slavonski Brod and Zitnjak. It operates 622 kilometres of pipelines.

Janaf's shares traded at 4,760 kuna ($735/632 euro) on the Zagreb bourse intraday on Friday, unchanged from the closing price on Thursday.

(1 euro = 7.526 kuna)