Saturday, 6 February 2021

Martina Dalic Takes Podravka "Throne": My Reference is Agrokor

February the 6th, 2021 - Martina Dalic, perhaps best known for her role in the weird and rarely wonderful Agrokor saga which dominated the Croatian public and nearly sent the economy down the drain just a few years ago, has come to the helm of the Croatian company Podravka following Marin Pucar's premature death.

As Poslovni Dnevnik writes, the corporate, but also very much political news of the week is certainly what many as referring to as the "rehabilitation" of former government minister Martina Dalic by appointing her to the position of President of the Management Board of Podravka.

Martina Dalic was the personal choice of Prime Minister Andrej Plenkovic, and although the media speculated that some members of the Supervisory Board would oppose it, her appointment was unanimously confirmed by the Supervisory Board on Wednesday. Her term will last until February 2022, because until then the company should have been run by the recently deceased Marin Pucar, who passed away after a battle with an illness.

Although Podravka is two-thirds owned by private capital, pension funds hold almost 49 percent of the shares, and the state has only 24 percent, the company is under "strong pressure" from politics. This, without exception, applies to all policy options, and the “right” to management and staffing is laid from the local to the highest national level. After Pucar's death at the beginning of January, the head of the Croatian Chamber of Commerce, Luka Burilovic, the director of Adris Cromaris, Goran Markulin, and a member of the Management Board of Podravka for Finance, Davor Doko, were all in the race for Podravka's proverbial ''throne''.

"Personally, I'm glad that the proposal for my appointment was made by the largest individual shareholder of the Croatian Government, it means a lot to me," said Martina Dalic after the Supervisory Board session. She added that one of the first steps she intends to take will be to get to know the associates and representatives of the workers, but that she is not yet thinking about the reconstruction of the company's management.

Despite the ongoing coronavirus pandemic and the record decline experienced by the entire domestic economy, by the end of September, Podravka had achieved revenue growth of 3.3 billion kuna (+ 2.8 percen), while sales revenues in the food and pharmaceutical segment also grew. The annual results for 2020 will be announced on February the 26th.

To briefly recall, former Deputy Prime Minister Martina Dalic resigned back in May 2018 after the Borg affair revealed that she coordinated a group of individuals who wrote Lex Agrokor for the Croatian Government without contracts and official decisions, who were then charged for their consulting services to the now disgraced concern.

Martina Dalic still claims that she did nothing wrong in the Agrokor affair - and she even referred to the work she did regarding Agrokor as a ''great experience and reference''.

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Wednesday, 6 January 2021

Podravka Chairman Marin Pucar Dies After Battle With Illness

January the 6th, 2021 - Podravka Chairman Marin Pucar (49) has sadly passed away following a long battle with an illness.

As Poslovni Dnevnik writes, the Podravka chairman Marin Pucar, who was a well known face of the Croatian Employers' Association (HUP) and was also one of the most prominent Croatian entrepreneurs, has died following a battle with a serious illness at the Koprivnica General Hospital, Vecernji list has learned.

Podravka Chairman Marin Pucar was born in the coastal Dalmatian city of Zadar. He graduated from the Faculty of Economics at the University of Zagreb, where he completed his studies in "Marketing Theory and Policy", and after that he obtained a degree in Retail Management at Leeds Metropolitan University in the United Kingdom. After graduating, he got a job at Croatia's famous Gavrilovic, quickly advancing to the position of product manager, and then even further to brand manager. In 2001, he began working at Podravka as the sales director for the Danica meat industry, after which he was promoted to the position of sales, marketing and development director. In 2003, he became the director of the company's meat programme sales, and not only for Croatia, but for all of Southeastern Europe.

At the end of 2003, he took over the position of market director for the Republic of Croatia, which he held until he was appointed a member of the Management Board in 2008. In 2012, he moved from Podravka to Zvecevo to work as the President of the Management Board, where he worked until September the 1st, 2016, after which he agreed with the company's owners to terminate his contract by mutual agreement in order for him to be able to complete his doctoral studies in Osijek. In 2017, he was appointed President of the Management Board of Podravka at the proposal of the Minister of State Property Goran Maric.

Marin Pucar leaves behind two daughters with his first wife Tihana, as well as his second wife, Renata.