A well-defined, clear corporate structure is the foundation of 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 committees and the Management Board led by the President of the Management Board of Valamar Riviera. The specific powers and responsibilities of these bodies are regulated by the relevant Croatian legislation, the Company’s Articles of Association 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.

• Presidium of the Supervisory board
• Audit Committee (AC)
• Investment Committee  (IC)

The current members were elected at the General Assembly held od June 12, 2025, and one member, a representative of the workers, was appointed by the Workers' Council on May 12, 2025.

The Management Board consists of three members:

• President of the Management Board Željko Kukurin
• Member of the Management Board Marko Čižmek
• Member of the Management Board Ivana Budin Arhanić

The President of the Management board is primarily responsible for formulating and managing the company’s strategic, operational and financial activities. In addition, the President individually leads the following areas: hotel operations, marketing & sales, human resources, destination management, purchasing, investment and asset development, external affairs and public relations, quality management, controlling, legal and general affairs.

The Member of the Board Marko Čižmek is primarily and individually responsible for finance, accounting, treasury, IT and institutional investor relations.

Member of the Management Board Ivana Budin Arhanić manages the activities of quality management, public relations, takeovers and mergers (acquisitions), the Company's business internationalization, digitalization and sustainable business management.

Strategic corporate business functions are organized in 4 divisions which are led by four Vice Presidents:

• Sales & Marketing - senior vice president Davor Brenko
• Operations - senior vice president David Poropat
• Asset Development, Maintenance & Technical Services - senior vice president VP Alen Benković
• Strategic planning and controlling - vice president Sebastian Palma
• Human resources development - vice president Ines Damjanić

The senior management team or division vice presidents are 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:

• CAPXE Committee
• Product and Service Development Committee
• Human Resources Management Committee
• Procurement and Partnership Committee
• Digitalization Committee
• Sustainability Committee

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