January 27 (SeeNews) - Slovenian energy group GEN-I, a 50/50 joint venture company of state-owned GEN Energija and investment firm GEN-EL Nalozbe, will remain without a new senior management body until early February due to disagreement on appointments among its shareholders, local media reported.
The Krsko district court will decide in early February on the appointment of board members of GEN-I as the shareholders meeting of the company failed to reach an agreement on the leadership of the company earlier this week, public broadcaster RTV reported on Wednesday.
During a hearing at the Krsko district court on Wednesday, GEN-EL Nalozbe and GEN-I legal representatives proposed to appoint former board member Igor Koprivnikar interim CEO with a term of up to one year, whereas Gen Energija insisted on naming four board members for a full five-year term, RTV said.
The five-year term of office of the management board of GEN-I expired in November. Since the shareholders have not yet agreed on who will run the company in the next five years, the court will appoint the members of the management board of GEN-I.
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