As a joint-stock company owned by more than 21,000 shareholders Valamar riviera d.d. is committed to the highest principles of good corporate governance and regulatory compliance.
A well-defined and clear corporate structure is the foundation for an effective strategic and operational management of the Company. Valamar Riviera d.d. key governing bodies are the General Shareholders Assembly, the Supervisory Board with its corresponding delegate committees and the Management Board led by the President of the Management Board or CEO of Valamar Riviera. The specific governance authorities and responsibilities of these governing bodies are regulated by the applicable Croatian legislation, Company's Articles of Association and other corporate governance codes, regulations or prescribed procedures.
The Supervisory Board
The Supervisory Board consists of 7 members, of whom 2 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
- Investment Committee
|Franz Lanschuetzer||Deputy Chairman||Proprietary||Yes||Yes||Yes||Yes|
|Mladen Markoč||Deputy Chairman||Independent||Yes||Yes||Yes||No|
|Georg Eltz Vukovarski||Member||Proprietary||Yes||No||Yes||Yes|
|Valter Knapić||Member||Employee Representative||Yes||No||Ne||No|
The current members were elected at the General Assembly on 4 July 2017.
The Management Board
The Management Board consists of two members::
The President of the Management board is primarily responsible for formulating and managing the company’s strategic, operational and financial activites. 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.
Senior Management Team
Strategic corporate business functions are organized in 4 divisions which are led by four Vice Presidents:
- Sales & Marketing
VP Davor Brenko
VP David Poropat
- Business Development and Corporate Affairs
VP Ivana Budin Arhanić
- Asset Development, Maintenance & Technical Services
VP Alen Benković
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:
CAPEX Committee (capital investment projects)
Project Committee (steering the project management organization)
Business Experience Committee (Loyalty and CRM, Quality management & service excellence, corporate social responsibility)
Purchasing Committee (strategic partnerships and purchasing agreements)
|Ime i prezime||Pozicija||CAPEX||PrC||BEC||PuC|
|Marko Čižmek||Board Member||No||Yes||No||No|
|Davor Brenko||Vice President||Yes||Yes||Yes||No|
|David Poropat||Vice President||Yes||Yes||Yes||Yes|
|IvanBudin Arhanić||Vice President||Yes||Yes||Yes||No|
|Alen Benković||Vice President||Yes||Yes||Yes||Yes|
|Sebastian Palma||Director of Strategic Planning and Controlling Sector||Yes||No||No||No|
|Andrea Štifanić||Director of Asset Management and General Affairs||Yes||No||No||No|
|Marko Vusić||Director of Internal Audit and PM||No||Yes||No||No|
|Dragan Vlahović||Director of Purchasing Sector||No||No||No||Yes|