Ante VLAHOVIC was elected as President of the ADRIS grupa Supervisory Board

5 January 2021 — Andrei Victor
At the end of 2020, the CROATIA's osiguranje shareholder - the Rovinj based consortium ADRIS grupa - announced that Ante VLAHOVIC (member of the Supervisory Board and former President of the Management Board from 2004 to 2019) was elected as President of the Supervisory Board.

"VLAHOVIC will pay special attention to the strategic consideration of further growth and development of ADRIS, keeping in mind the values on which this company - one of the most successful companies in Croatia and in the region - was built", as the Croatian consortium pointed out in a statement.

VLAHOVIC will hold this position from 1 January 2021 to 2023, while the current president, Rino BUBICIC, remains a member of the Supervisory Board.

During the period of VLAHOVIC's management, ADRIS grupa "increased its revenue tenfold, its profit thirtyfold, and its equity value as many as fifty times over. The number of employees increased twenty times over, and the value of shares more than a hundred times over! At the same time, ADRIS invested more than HRK 10 billion, of which more than HRK 6 billion in tourism. Three-quarters of the shares are still owned by current and former employees. VLAHOVIC, together with his family, owns 15.53% of the company's share capital. By the end of 2019, ADRIS grupa generated annual revenues of more than HRK 6 billion and employed more than six thousand people".

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