Supervisory Board

The Supervisory Board of Podravka d.d. has established the following subcommittees: Audit Committee, Remuneration Committee and Appointments Committee.

The Audit Committee is authorised to monitor financial reporting procedures, the effectiveness of the internal control, internal audit and risk management systems, oversee the implementation of audits of consolidated annual financial reports, monitor the independence of independent auditors or audit companies performing audits, particularly concerning additional service contracts, discuss plans and annual internal audit reports and other significant areas pertaining thereto, give recommendations to the Supervisory Board for the selection of independent auditors or audit companies.

The Remuneration Committee is authorised to make recommendations to the Supervisory Board concerning the remuneration policy for members of the Management Board at least once every three years, to make annual recommendations to the Supervisory Board concerning remuneration to be received by members of the Management Board based on the assessment of Company results and their personal results, and following consultations with the Chairperson of the Management Board, to make proposals to the Supervisory Board concerning the remuneration policy for members of the Management Board to be forwarded for approval by the Company General Assembly, to oversee the amount and structure of remunerations for upper management and employees as a whole, to give recommendations to the Management Board on its policies, and to oversee the preparation of the legally prescribed compulsory annual report on remunerations requiring the approval of the Supervisory Board.

The Appointments Committee is authorised to oversee the process of appointments to the Supervisory Board and the Management Board to ensure fairness and transparency, to develop the described roles and candidates for each vacant position in accordance with the profile of the Management or Supervisory Board (in consultation with the Chairperson of the Management or Supervisory Board), and to identify and give recommendations of appropriate candidates for the Supervisory Board, while seeking independent candidates for the Supervisory Board to confirm that the candidates are independent, to arrange terms for appointments with potential new members of the Management or Supervisory Board, including the extent of time necessary for the exercise of their function, to prepare the succession plan for reappointments or replacement of members of the Supervisory or Management Board, in consultation with the Chairperson of the Supervisory or Management Board, to oversee progress in achieving the goals of female representation on Supervisory and Management Boards, and to oversee the policies of the Management Board in the selection and appointment of Company senior management.

Damir Grbavac

President of the Supervisory Board

Mr. Damir Grbavac has been elected a member of the Supervisory Board of Podravka d.d. in June 2022.

He started his professional career in 1978 in the Đuro Đaković Group, holding a range of positions from credit officer to deputy CEO of the Holding company. In 1997, he transferred to Raiffeisenbank Austria d.d. Zagreb to the position of investment banking manager. In 1997, he was appointed to the Management Board of Raiffeisen Investment, and two years later he became chairperson of the Management Board of Raiffeisen Vrijednosnica d.o.o. In 2003, he was appointed a consultant to the Management Board at Raiffeisenbank Austria d.d. Zagreb. From 2004 to 2021, he served as chairperson of the Management Board of the Raiffeisen Pension Fund. Damir Grbavac also served on the Supervisory Boards of Hrvatski Telekom d.d., Zagrebačka banka d.d. and Podravka d.d. from 2017 until 2019. Additionally, he was on the executive council of the Central Deposits Register in its initial composition, and served as chairperson of the Association of Pension Fund and Pension Insurance Fund Management Societies.

He graduated from the Faculty of Economics and Business, University of  Zagreb in 1978, and received his Master’s degree from the same Faculty in 1985.

He is a licensed manager of pension funds and pension insurance companies.

Luka Burilović

Vice-president of the Supervisory Board

Mr. Luka Burilović has been elected a member of the Supervisory Board of Podravka d.d. in June 2022, with the beginning of the term of office as of September 8, 2022.

Upon completing postgraduate specialist studies in economics and management at the Faculty of Economics, University of Osijek, he received his doctorate from the same university. Prior to his appointment as President of the Croatian Chamber of Economy (HGK), je was deputy chairman and then chairman of the management board of Sladorana d. d. in Županja.

From April 2004 to February 2006, he served as Assistant Minister in the Ministry of Agriculture, Forestry and Water Management. From 1996 to 2004, he was deputy head of the municipality of Nijemci, and prior to that, he owned and ran the company Agrotehna from Lipovac.

He served as a volunteer soldier during the Homeland War.

Ksenija Horvat

Member of the Supervisory Board

Mrs. Ksenija Horvat has been appointed a member of the Supervisory Board of Podravka Inc. in June 2023 on the part of the Workers’ Council of the Company, with the beginning of the term of office as of July 1, 2023

Mrs. Horvat has begun her professional career at Podravka in 1984, in administrative jobs, and after successful on-the-job training and study-scheme she began working in a variety of administrative officer jobs in the job market of the Republic of Croatia.

Since 2001, as a commissioner of the majority union at Podravka – the PPDIV Union, she has transferred to full-time job for the union and since then until today she is one of the top union negotiators in promotion of the labour rights of the Podravka workers through the Collective Agreement for the Podravka Group.

In 2002, she has been elected for the first time to the Workers’ Council   of Podravka d.d. where, since 2013 until now, she holds the office of the president.

Between 2004 and 2012, she was the representative of the workers in the Supervisory Board of Podravka for the first time, and in that period she also held the office of the vice-president of the Supervisory Board and then of the acting  president of the Supervisory Board in the period between 2009 and 2010.

Petar Miladin

Member of the Supervisory Board

Mr. Petar Miladin has been elected a member of the Supervisory Board of Podravka d.d. in June 2022, with the beginning of the term of office as of September 8, 2022.

Mr. Petar Miladin was born at Dubrovnik in 1973. He completed a general-programme secondary school at Zagreb and graduated from the Faculty of Law in Zagreb. Upon completion of the studies he was employed at the Municipal and the Commercial court of Zagreb as a trainee (law clerk). He passed a bar examination in 1999. He is a full professor at the Faculty of Law of the University of Zagreb of subjects such as commercial law, corporate law and banking law. Since October 2013 until October 1, 2015 he was a vice dean at the Faculty of Law of the University of Zagreb. He took a master degree in the post-graduate programme of scientific studies in commercial law and corporate law at the Faculty of Law of the University of Zagreb by defending a master thesis titled Banking secret and banking information in 1999. On January 27, 2005, he defended a doctoral dissertation titled Payment by remittance at the Faculty of Law of the University of Zagreb, and acquired the academic title of doctor of sciences in the scientific field of law (SJD). As of May 5 1997, he was employed at the University of Zagreb as a junior assistant at the Department of commercial law and corporate law. He published fifty-odd scientific papers in the area of Commercial law, Banking law and the Capital market rights. He teaches at the Faculty of Law of the University of Zagreb in the programme of doctoral studies in commercial law and corporate law the following subjects: commercial law, corporate law and banking law.

Krunoslav Vitelj

Member of the Supervisory Board

Mr. Krunoslav Vitelj has been elected a member of the Supervisory Board of Podravka d.d. in June 2022, with the beginning of the term of office as of September 8, 2022.

He began his professional career in 1977 at Podravka, where until 1991 he occupied several executive positions. In 1991, he became a mayor in the Municipal Council of Koprivnica, and in 1993 he transferred to the Ministry of the Interior of the Republic of Croatia, Police Administration of the County of Koprivnica-Križevci to the position of the prefect of the Department of Civil Defence, Fire Protection and Inspection. He returned to Podravka in 1995, as a legal and personnel advisor to the president of the Board of Directors, and in 1996, he became a director of the HGK – County Chamber of Economy of Koprivnica, a position he still occupies today.

He has graduated from the Faculty of Economics and Business of the University of Zagreb,  where he also acquired a master degree in 1995. In 2008, he acquired qualifications in Corporate management for members of the Supervisory and Management Boards at the Faculty of Economics and Business of the University of Zagreb.

Damir Felak

Member of the Supervisory Board

Damir Felak was appointed to the Podravka d.d. supervisory board in June 2022, with a mandate starting on 8 September 2022.

He began his professional career in 1990 in the enterprise Šumarsko gospodarstvo, which in the following years would become an integral part of the public enterprise Hrvatske šume (Croatian Forests) where he remained until mid-1997. In the period from 1993 to 1997, he served as Head of the municipality of Sokolovac, and from 1997 to 2001 as Deputy Prefect of Koprivnica-Križevci County.

From 2002 to 2015, he worked in Hrvatske šume d.o.o. as forest manager, expert associate, forest district manager and senior expert associate, while from 2008 to 2012 he served on the management board of Hrvatske šume d.o.o. Since 2020, he has worked as a senior expert associate at Hrvatske šume d.o.o.

He also served as chairman of the Croatian Chamber of Forestry and Wood Technology Engineers for ten years, and he was elected to two mandates in the Croatian Parliament. He is chairman of the County Assembly of Koprivnica-Križevci County, and has been awarded the Homeland War Memorial Medal, Homeland Appreciation Memorial Medal and the medal of the Order of the Croatian Interlace.

He graduated from the Faculty of Forestry, University of Zagreb in 1990, and in 2013 he completed postgraduate specialist study in Strategic Entrepreneurship at the Faculty of Economics, University of Zagreb, attaining the academic title of University specialist of strategic entrepreneurship.

Ante Jelčić

Member of the Supervisory Board

Ante Jelčić has been elected a member of the Supervisory Board of Podravka d.d. in May 2023, with his term of office beginning on 17 May 2023.

He started his professional career in 2011 as an investment analyst at PBZ Croatia Osiguranje where he remained until 2023, subsequently working as the head of the Financial Market Analysis Department. In 2023, he became a member of the Management Board of Gumiimpex – GRP d.o.o. in charge of the Commercial Sector, Accounting & Finance, Controlling, IT, Human Resources, and General Affairs. From 2017 to 2019, he served as a member of the Supervisory Board and the Audit Committee of Stanovi Jadran d.d. and, from 2018 to 2019, as deputy chairman of the Supervisory Board and member of the Audit Committee of Jadran d.d. Crikvenica.

He earned his master’s degree in mathematics from the Faculty of Science, University of Zagreb, where he won the Best Student Award. Since 2016, he has been teaching Business Simulations, a course from the Graduate University Programme in Financial and Business Mathematics, at the same faculty. He holds the Chartered Financial Analyst (CFA) certification and is a certified pension fund manager.

Damir Čukman

Member of the Supervisory Board

Damir Čukman has been elected as a member of the Supervisory Board of Podravka Inc. in May 2023, with his term of office beginning on July 1, 2023.

He began his professional career in 2006 at Erste Securities Ltd., where he held various positions until 2010, including head of the asset management department. He then became Portfolio Manager at the Erste Ltd. pension fund management company. In 2016 he was one of the founders and the first president of the CFA (Chartered Financial Analyst) Association of Croatia, and since 2013, when he founded the company N3 Capital Partners Ltd., he has held the position of president of the Management Board. Since 2021, he has been a member of the Supervisory Board of Quattro Logistika d.d. (joint stock company).

He graduated in economics from the Zagreb School of Economics and Management, and also attended the Universita Commerciale Luigi Bocconi in Milan and the London School of Economics and Political Science. He passed the Certified Investment Advisor exam, as well as all three levels of the CFA exam.

Darko Prpić

Member of the Supervisory Board

Darko Prpić has been elected as a member of the Supervisory Board of Podravka Inc. in May 2023, with his term of office beginning on July 1, 2023.

He began his professional career as an analyst at Allianz ZB Ltd., a company for the management of mandatory pension funds, and since 2006 he has also been a financial analyst at the "Prpić" trade  for accounting, auditing, and tax advising. Since 2007, he has held the position of director in the company Darfin Ltd.for expertise in the fields of finance, accounting, securities, and consulting. Since 2017, he has been an auditor for UHY Rudan Ltd., as well as a member of the Supervisory Board at SQ Kapital d.o.o.

He graduated from the Faculty of Economics of the University of Zagreb with a major in Finance in 2003, and five years later he became a permanent court expert for finance, accounting, and securities.

Ivana Matovina

Mrs. Ivana Matovina has been appointed a President of the Audit Commitee of Podravka d.d. in June 2021., with the beginning of the term of office as of June 30, 2021.

She began her professional career in 1996, as a Head of the Accounting Department, and from 1997 to 2009, she was employed at KPMG Croatia d.o.o. After that until 2011, she worked as a partner and director of the company Cinotti revizija d.o.o./Cinotti savjetovanje d.o.o., and in 2011 she founded her own companies Antares revizija d.o.o./ Antares savjetovanje d.o.o. dealing in auditing, internal auditing, accounting and business consulting as well as education. From 2009 to 2012, she was a member of the Governing Council of the Croatian Audit Chamber, and since 2012, she has been a member of the Financial Reporting Standards Committee and a member of the Council of the Croatian Financial Services Supervisory Agency (HANFA).

President of the Audit Committee of Podravka d.d.

In 1996, She has graduated from the Faculty of Economics and Business of the University of Zagreb, a course of studies in: Accounting and Finance. In 2000, she has become a chartered accountant of UK, and two years later she acquired the title of the Croatian chartered accountant.