October 15, 2024
A well-defined and clear corporate structure is the foundation for effective strategic and operational management of the company. The key bodies of Valamar Riviera d.d. are the General Assembly, the Supervisory Board with its associated committees and commissions, and the Management Board, headed by the President of the Valamar Riviera Management Board. The specific powers and responsibilities of these bodies are regulated by the relevant Croatian legislation, the Company’s statutes and other internal acts.
The Supervisory Board consists of nine members, of whom three are independent and one is an employee representative.
The Supervisory Board meets at least four times per year. The Supervisory Board is actively engaged in key management decisions through corresponding delegate committees which meet more often to manage key strategic initiatives and support the Supervisory board decision-making process.
The Supervisory Board has the following committees and commissions:
| Name | Title | Role | Presidium of the Supervisory board | Audit Committee | Investment Committee |
|---|---|---|---|---|---|
| Franz Lanschützer | Chairman | Proprietary | |||
| Mladen Markoč | Deputy Chairman | Proprietary | |||
| Daniel Goldscheider | Deputy Chairman | Proprietary | |||
| Georg Eltz Vukovarski | Member | Proprietary | |||
| Gustav Wurmböck | Member | Proprietary | |||
| Boris Galić | Member | Independent | |||
| Ivan Ergović | Member | Employee Representative | |||
| Gudrun Kuffner | Member | Independent | |||
| Petra Stolba | Member | Independent |
The Management Board consists of five members:
The President of the Management Board Željko Kukurin shall be primarily responsible for managing and coordinating the overall business operations of the Company and corporate activities of the Group. The President shall convene and preside the meetings of the Management Board, coordinate activities between members of the Management Board and manage key strategic processes. The President shall independently manage the business in the following areas: Corporate Governance, Company Strategy, Annual Plans and Sustainable Growth Management, Strategic Investors and Partners, Product and Portfolio Development, Asset regularisation and preparation for future investment, Compliance, Legal and Audit, Government and Regulatory Affairs, Purchasing, Leases and Security, Human Resources and Controlling.
The member of the Management Board Marko Čižmek shall individually manage the business in the following areas: Investor Relations, Risk Management, Insurance, IT and Information Security. He shall also perform the function of the Company’s Chief Financial Officer (CFO) and shall be responsible for Finance, Accounting, Treasury and Financial and Regulatory Business Reporting.
The member of the Management Board Ivana Budin Arhanić shall individually manage the business in the following areas: Business Development, including portfolio expansion via acquisition, mergers, management services, leases, franchise and other partnerships, internationalization of business outside of Croatia and development of strategic partnerships in business. She shall also be responsible for Corporate Communication, Service Quality and Guest Satisfaction Management and Reporting, ESG Strategy and Communication and CSR Programs and Initiatives.
The member of the Management Board David Poropat shall individually manage the business in the following areas: Operation Management of Hotels, Resorts and Camping, F&B Outlets Management, Service Concepts and Product Development. He shall also be responsible for Valfresco and Central Kitchen and Staff Accommodation.
The member of the Management Board Davor Brenko shall individually manage the business in the following areas: Sales and Distribution, Revenue Management, Brand Management, Direct Sales and Marketing, CRM and Guest Database Management and development of Valamar Experience Concierge tourist agency. He shall also be responsible for Artificial Intelligence (AI) and Digital Development.
In the management of the Company’s business, the Management Board shall cooperate in particular with the following executives in charge of the particular areas:
The senior management team is responsible for managing specific functional business areas and activities.
In addition, the senior management team is tasked with cross-functional steering and leadership, implementing the corporate strategy and providing management support to the CEO.
Hence, the senior management team works closely with the Management Board and relevant corporate functions through Business Committees that are focused on those strategic activities in the Company that require a high degree of cross-functional involvement:
| Name | Title | The Executive Committee | The CAPEX Committee | The Product and Service Development Committee | The Human Resources Committee | The Procurement and Operations Committee | The ESG Committee | The Business Development Committee | The Risk Committee |
|---|---|---|---|---|---|---|---|---|---|
| Željko Kukurin | Management Board President | ||||||||
| Marko Čižmek | Management Board Member | ||||||||
| Ivana Budin Arhanić | Management Board Member | ||||||||
| Davor Brenko | Management Board Member | ||||||||
| David Poropat | Management Board Member | ||||||||
| Alen Benković | Executive Vice President | ||||||||
| Ines Damjanić | Vice President | ||||||||
| Sebastian Palma | Executive Vice President | ||||||||
| Andrea Štifanić | Director of Asset Management and General Affairs | ||||||||
| Ivica Vrkić | Director of Marketing Sector | ||||||||
| Dragan Vlahović | Director of Purchasing Sector | ||||||||
| Dario Kinkela | Director of Food & Beverages Sector | ||||||||
| Tea Pestotnik Prebeg | Quality and Sustainability Sector Director | ||||||||
| Emanuela Boban | Legal Affairs Senior Specialist |