Energy Efficiency

Petrol top management steps down unexpectedly

top management

Foto: Petrol


October 28, 2019






October 28, 2019





In a surprise move, the three-member top management of Slovenian energy company Petrol, headed by Tomaž Berločnik, has resigned following a meeting with the supervisory board, Slovenian media have reported.

Until a new management is appointed, the company will be led by Nada Drobne Popović, who has served as supervisory board chairwoman. In a press release, Petrol said that the top management resigned in agreement with the supervisory board and that the company continues with business as usual.

Petrol is one of the largest Slovenian companies, employing more than 5,000 people and operating over 500 filling stations in Slovenia, Croatia, Bosnia and Herzegovina, Montenegro, and Kosovo*. Petrol, which also provides energy services, including energy efficiency services, has recently agreed cooperation with Russian T Plus Group and Schneider Electric Russia on projects to optimize district heating systems in Russia.

Split “caused by planned Western Balkan investment projects”

Drobne Popović said that Petrol is operating successfully and that it will continue to work according to the adopted business plan. She also said that the reason for the resignations is a difference of opinion between the former top management and the supervisory board regarding the implementation of the development strategy and business plan, while the Slovenian media reported that the disagreement was due to different views on the company’s investment policy in Slovenia and Western Balkan markets.

According to national broadcaster Slovenska televizija, Berločnik had insisted on three large investment projects in the Balkans, to be financed through a bond issue, which the supervisory board that includes representatives of the state found unacceptable.

Petrol, in which the state holds a stake of about 30%, generated record revenues last year, of EUR 5.4 billion. The revenue target for this year is EUR 5.6 billion, with a projected net profit of EUR 97 million, according to media reports.

* This designation is without prejudice to positions on status and is in line with UNSCR 1244/99 and the ICJ Opinion on the Kosovo declaration of independence.
Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

Applications for participation in the EUSEW conference are now open

Applications open for EUSEW Policy Conference

23 April 2024 - The 18th European Sustainable Energy Week (EUSEW) will take place from June 11 to 13 in a hybrid format.

Development Bank of Austria OeEB EUR 19 8 million GGF

Development Bank of Austria invests EUR 19.8 million in GGF

18 April 2024 - The Green for Growth Fund (GGF) and the Development Bank of Austria (OeEB) have announced an investment of EUR 19.8 million

Belgrade Energy Forum greets top officials global investors renewables

Belgrade Energy Forum greets top officials, global investors in renewable on May 13-14

17 April 2024 - The sponsor roster for Belgrade Energy Forum 2024 is expanding with some of the most prominent global names in the renewables realm

Dimitris Symeonidis Hybrid Energy-Agriculture Cooperatives The “Passe-Partout” key to unlock a Community-led Net-Zero Future

Hybrid energy-agriculture cooperatives: Passe-partout key to unlock a community-led net-zero future

15 April 2024 - Unleashing the untapped potential of bioenergy in communities is of uttermost importance to decarbonise hard-to-abate sectors, such as heating, cooling and heavy transport, but, most of all, it opens the door to the development of hybrid energy-agriculture cooperative