Serbia’s reformed power utility EPS opens search for CEO

Serbia reformed power utility EPS opens search for CEO

Photo: EPS


August 11, 2023






August 11, 2023





Elektroprivreda Srbije – EPS, since recently a joint stock company, published a call today for a chief executive officer.

Serbia’s state-owned coal and power producer and electricity supplier is undergoing transformation. The process formally began with adopting a new statute for EPS and the change of status from a public company into a joint stock company. Next, the government appointed a seven-member supervisory board including three Norwegian experts.

The panel soon picked Dušan Živković as acting director. He came from distribution system operator Elektrodistribucija Srbije or EDS, which was earlier separated from EPS.

The troubled utility has a fleet of obsolete coal power plants, which account for more than two thirds of Serbia’s electricity production. Poor management led to a brief crash in the country’s electricity system in December 2021 as part of a lengthy series of fires and outages. It prompted the government to start a corporatization process.

Minister of Mining and Energy Dubravka Đedović, the only member of EPS’s assembly, recently told Balkan Green Energy News in an interview that the chief executive officer would be selected through an international public call.

“The supervisory board is now looking for a highly capable and determined professional who will assume a very respectable and influential role of chief executive officer,” says the job advert in the Politika daily newspaper.

The CEO role requires an executive experience of at least ten years

Eligible applicants it says, are experienced executives with the highest level of managerial skills and a background in the energy sector, corporate reform and transformation programs.

“The chief executive officer’s personality and experience must instill trust within and outside of the company,” the advertisement adds.

The necessary conditions for someone to become the head of EPS are to have a high level of integrity, unquestionable ethics, exceptional communication skills and agility as well as organizational skills in managing human resources. The person must speak English fluently.

A relevant university degree is required while a master’s diploma would be desirable

Expertise in financial management and business development will be an important advantage for CEO candidates. Experience of at least ten years in managerial positions and knowledge of corporate governance are also necessary.

A relevant university degree is required while a master’s diploma would be desirable, according to the ad.

The candidates are required to send their resumes and motivational letters by September 15 by email to belgrade@boyden.com

Minister Dubravka Đedović said earlier that Boyden is a globally renowned company that specializes in human resources and that it helped hire the members of the supervisory board.

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