Slovenia's SDH seeks explanations about Petrol board changes

There have been several changes in the composition of the company's management board this year, the reasons for which were not adequately communicated with to the shareholders or the interested public, SDH said in a statement last week.

"SDH expects additional clarifications in a suitable period, but no later than December 20, 2023, in a way that will enable all shareholders to be informed equally," SDH said.

Last week, Petrol's supervisory board appointed Saso Berger as CEO to replace Nada Drobne Popovic whose contract was terminated early. Berger, who was a management board member, stepped into the role on November 23. Popovic, who assumed the role in October 2019, will conclude her term ahead of schedule under a mutual agreement.

SDH is the largest shareholder in Petrol with a 12.7% stake, followed by the Slovenian state with 10.8%.