Thursday, 7th February 2019, Velenje
After consolidation of ownership, Gorenje to be transformed from a joint stock company (d. d.) to a limited liability company (d. o. o.)
Pursuant to the
resolution adopted by the Shareholders Assembly (held on 07 February 2019)
Gorenje d.d. will be transformed from a joint stock company into a limited
liability company. The transformation marks the completion of the takeover
process, with the company Hisense as the only remaining shareholder and introduces a simpler governance system
without the Supervisory and Management Board.
As of the date of entry of the
transformation in the Court Register, which is expected to occur by the end of
February, the members of the Supervisory and Management Board will cease their
term of office. In place of a Supervisory Board and
Management Board, Gorenje will be managed by a seven-member Committee of
Directors which is chaired by Franjo Bobinac and includes two Chief
Managing Directors, Lan Lin and Chao Liu, and four Directors: Yeguo Tang, Shaoqian Jia, Žiga Debeljak,
and Drago Bahun as labour
director/employees' representative.
Five additional members of the previous
Management Board, i.e. Stanka Pejanović, Tomaž Korošec, Hanson Han, Lu Hou, and Saša Marković will continue to participate in the
management of the company; they will be named holders of procuration or
executive vice presidents of the company. The
management will be responsible for the company’s current operations, i.e.
production and business management, implementation of decisions adopted by the
shareholder and the Committee of Directors, organising the implementation of
business and investment plans, defining the company’s internal organisation,
etc.
The simplified
governance will allow more efficient management and decision-making within the
Company, thus enabling it to respond promptly to the challenges and changes in
the harsh business environment and to better reap the synergies with Hisense,
In addition to the function of the Chairman of the Committee of
Directors, Franjo Bobinac will also continue to perform his new function
of vice president of global marketing at Hisense International to which he was
already appointed last year. »By transforming Gorenje into a limited
liability company, we are completing a successful process of searching for a
strategic owner. Gorenje's ownership has been consolidated, and with Hisense as
the new owner, we are laying solid foundations for the development of the
Gorenje Group, its brands, and thereby the future of over 11,000 employees.”