April 13 (SeeNews) - Hungarian group MOL plans to propose the appointment of Sandor Fasimon as president of the management board of Croatian oil and gas company INA [ZSE:INA-R-A] in June, INA has said.
Fasimon will replace Zoltan Aldott, who was named member of the supervisory board of MOL and announced his intention to resign from the position of president of INA, the Croatian company said in a filing with the Zagreb Stock Exchange on Thursday.
The changes will take effect upon the approval of the supervisory board of INA after its shareholders' meeting, scheduled for June 2018.
Aldott shall do all his duties as president of INA until the company's supervisory board appoints his successor.
MOL is the biggest shareholder in INA with a 49.08% stake. The Croatian government owns 44.84%, with the remaining 6.08% held by institutional and private investors.
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