Agrokor’s emergency manager Fabris Perusko and deputy emergency manager Irena Weber announced the new general manager for Konzum Sarajevo would be Nihad Imsirovic, saying he will improve the retail chain’s business results in Bosnia and Herzegovina.

The previous general manager and acting managers, Tomislav Bagic, Tomislav Primorac and Kristina Alebic will return to Croatia to work in new positions within the Agrokor group.

During yesterday’s Konzum supervisory board session, Nihad Imsirovic was officially presented as company’s general manager. Agrokor’s emergency manager Fabris Perusko thanked the previous management team and said that with this new appointment, they plan to continue to develop their business results.

Nihad Imsirovic was the former general manager of Klass d.o.o. Sarajevo, one of the leading producers of pastry and confectionery products in the region.

“We expect Nihad Imsirovic to use his vast experience and further improve Konzum’s future development,” Perusko said.

Fabris Perusko and his deputy Irena Weber met on Tuesday with the Federation of Bosnia and Herzegovina (FBiH) entity Prime Minister Fadil Novalic and Bosnia’s Foreign Trade Minister Mirko Sarovic with whom they discussed the state of affairs in Agrokor.

Perusko informed Bosnian officials of the successful settlement on Agrokor’s takeover by its creditors, and said the entire procedure would be completed after Croatia’s Supreme Commercial Court delivers rulings on all the appeals, which can be expected by the end of 2018.

When it comes to Konzum’s business operations in Bosnia, Minister Sarovic said the company underwent a successful restructuring process, which he said was very important for preventing further job losses. He added that Konzum’s total revenues were five percent lower, which was expected.

Prime Minister Novalic said that the entire business system of Bosnian companies operating within Agrokor has stabilised and added that “the worst is behind us.”

Agrokor’s future business will be based on these three pillars: trade, food industry, and agriculture, with a focus on strengthening the company’s market share and improving its business results. This is especially important, they said, knowing that Agrokor’s annual turnover is €6.5 billion, and that the company employs some 50,000 people across the region.