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Egon Zehnder likely to lead recruitment in Croatia's new Agrokor - report

Author Maja Garaca
Egon Zehnder likely to lead recruitment in Croatia's new Agrokor - report Author: Agrokor. License: All rights reserved.

ZAGREB (Croatia), January 26 (SeeNews) - Global executive search firm Egon Zehnder is likely to lead the recruitment process for a CEO and a five-member supervisory board to head Croatia's new Agrokor, local media reported on Friday.

Egon Zehnder appears to have emerged as the winner of a tender called by the extraordinary management of ailing Agrokor concern, in which three more bids were received - from Pedersen&Partners, Korn Ferry and Heidrick Struggles, news daily Jutarnji list reported. 

The final decision will be made by Agrokor's temporary council of creditors.

In December, Agrokor's extraordinary management unveiled a plan under which the creditors and suppliers of the troubled concern will take full control of a new holding company and its units, to which the assets of the sound segments of the Agrokor group will be transferred.

Major suppliers and minority shareholders of Agrokor have, however, opposed the plan, saying that only the biggest creditors will gain from the swap.

The settlement proposal must be submitted to the Commercial Court in Zagreb by April 10, 2018 at the latest. The settlement plan is first voted on by the creditors, while the final confirmation rests with the Commercial Court in Zagreb.