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Tuesday, June 19, 2018, 

Police arresting Agrokor's former executives

Police arresting Agrokor

Zagreb, 16 October 2017 (MIA) - Police on Monday started arresting former executives of Agrokor who had run the corporation before it was taken over by the government-appointed emergency administration, and according to the State Prosecutor's Office 15 persons are under investigation, Hina reports.

Ivan Crnjac, Piruska Canjuga, Ljerka Puljic and Tomislav Lucic have been arrested so far. They all were members of Agrokor's management or supervisory board.

The 7-member management board was chaired by the company's founder Ivica Todoric. His deputy was his son, Ante Todoric, who assumed the post in early 2016. Ante Todoric previously served as member of the management board for retail and was succeeded in that position by Darko Knez. Knez remained in this post for six months.

The other members of the management board held the title of executive vice-president.

According to media reports, Ivan Crnjac, executive vice-president for finance, strategy and capital markets, had the most responsible role in preparing business reports. Crnjac served as executive officer for strategy since 2005 and in 2008 he took the post of executive vice-president for strategy, mergers and acquisitions and became a member of the management board.

Ljerka Puljic joined Agrokor in the early 1990s and served for years as senior executive vice-president. Regarded as Todoric's closest associate, she became a member of the supervisory board in 2015. For ten consecutive years she was voted the most powerful Croatian business woman by Lider business weekly.

Damir Kustrak, a former member of the management board of Agrokor and a member of the supervisory board of Mercator, joined Agrokor in 1994 when he became senior executive vice-president for operations and marketing. He remained in that post until 2000 when he left to take up the position of finance minister in the government of SDP prime minister Ivica Racan. He served on the management board of Medika from 2004 to 2008 when he returned to Agrokor to become executive vice-president for export markets. Kustrak also served as chairman of the Croatian Employers' Association (HUP).

Tomislav Lucic was a member of the management board from 2013 to 2015.

Piruska Canjuga was the executive vice-president for business development. The wife of Zlatko Canjuga, who in the 1990s was a close associate of then President Franjo Tudjman, joined the Agrokor management in 2008.

Ivica Sertic became executive vice-president for markets, sales and logistics in 2016. He had chaired the management of Jamnica since 1993. Under his leadership, Jamnica became a strong market leader and the biggest producer of mineral water and non-alcoholic beverages in Southeast Europe.

Hrvoje Balent, the husband of Ivica Todoric's daughter Iva, was the executive vice-president for central procurement and corporate services. He joined the Agrokor management in 2012.

Mislav Galic was the vice-president in charge of the business group Food. He joined Agrokor after serving as the manager and later Management Board chair of the Ledo frozen food producer.

Igor Cicak was the vice-president in charge of finance from 2005 to October 2006.

Goran Radin, a former chief of staff of former Croatian president Franjo Tudjman, was in charge of human resources and legal and general administrative affairs from 2010 to 2014.

Sasa Galic was a member of the Agrokor Management Board in charge of strategy from 2006 to 2008. He came to Agrokor from the European Bank for Reconstruction and Development.

Stjepan Ledic was a member of the management board from 1999 to 2007. ik/13:01



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