Vice Oršulić is new CEO of Croatia’s HEP Group

Vice Oršulić is new president of the Hrvatska elektroprivreda

Photo: HEP ODS


December 8, 2023






December 8, 2023





At its last session, the Government of Croatia nominated Vice Oršulić as Acting President of the Management Board of Hrvatska elektroprivreda (HEP Group). His tenure will last six months, until a public call for . Subsequently, new personnel changes in the Supervisory Board of HEP are expected.

Vice Oršulić comes from the HEP Group’s system. Since January 1 he has served as a member of the management board, and before that, for more than 10 years, he was the head of the company’s Jug hydropower production area. The Supervisory Board of HEP Group today approved the government’s proposal and appointed Vice Oršulić as chief executive.

Deputy Prime Minister and Minister of Spatial Planning, Construction and State Property Branko Bačić revealed the decision after the cabinet session. “HEP Group will continue to operate in a way that ensures that the energy price remains the same for citizens, in line with government measures, and develop HEP Group’s all previous and new investments,” he told reporters.

Oršulić will replace Frane Barbarić as the head of HEP Group

Dnevnik.hr reported, without identifying its source, that Oršulić is seen as a permanent chief. He is replacing Frane Barbarić as the head of HEP, who was reportedly involved in fraudulent sales of natural gas. However, Barbarić is leaving the position for other reasons. He faces charges for illegal construction of a villa on the island of Hvar.

Who is Vice Oršulić

The new President of the Management Board of HEP Group is an electrical engineer and a member of the ruling Croatian Democratic Union (HDZ). Oršulić was the head of the local parliament in the town of Baška Voda in Dalmatia. He was also a member of the Split-Dalmatia County Assembly.

According to data from his property declaration, the new CEO of HEP Group owns apartments in Split, Zagreb, and Dubrovnik, as well as three garages. He has a Ford Focus S-Max, valued at EUR 8,000, and a boat called Pasara Podgora, estimated to be worth EUR 3,000.

In addition, Oršulić stated in the document that he took out a loan of EUR 120,000 this year, while his net salary is EUR 3,700 per month. The property declaration shows that he also receives EUR 480 per month from property and property rights as well as a pension of EUR 360 per month on his children’s behalf.

He has savings of EUR 20,000, which, as he stated, he accumulated “from income from independent work, property, and property rights.”

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