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Croatia's textile maker Varteks appoints new board members

Author Annie Tsoneva
Croatia's textile maker Varteks appoints new board members Varteks

ZAGREB (Croatia), August 17 (SeeNews) - Croatian luxury clothing producer Varteks [ZSE:VART] said on Wednesday it appointed to its management board the company's head of production Drazen Dobis, after its CEO Tomislav Babic resigned last week.

Mirjana Droptina was appointed as the president of the supervisory board, and Bozica Cicek-Mutavdzic as the deputy president of the supervisory board, Varteks said in a filing to the Zagreb bourse.

The reason for Babic's resignation was several months of unsuccessful negotiations with creditors for the distribution of proceeds from the sale of real estate, Varteks said last week.

Besides Babic, Igor Zonja, deputy chairman of the supervisory board, also stepped down from his position on August 11.

Varteks shares last traded on Tuesday when they closed 9.09% lower at 3.80 kuna ($0.52/0.51 euro) on the Zagreb bourse.

(1 euro = 7.507 kuna)

 
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