The Croatian government on Wednesday adopted a conclusion proposing that the INA oil company's Shareholders Assembly appoint Damir Mikuljan, Davor Filipovic and Branimir Skurle as members of INA's Supervisory Board for a maximum term of six months.

The government has also proposed that Mikuljan be appointed chairman of the Supervisory Board for a period of not more than six months, it was said after a closed-door government session.

The INA Management Board in November published an amended agenda of an extraordinary session of the Shareholders Assembly, scheduled for 17 December, at which shareholders were to decide on the appointment of Mikuljan, Luka Burilovic and Damir Vandjelic as members of the INA Supervisory Board for a period of six months.

However, the government is now nominating Filipovic and Skurla instead of Burilovic and Vandjelic.

INA shareholders will vote on the Croatian members of the INA Supervisory Board based on the request by Croatia, which holds a 44.84% interest in INA.

The term of the INA Supervisory Board members expires on 18 December.

Vandjelic, who is the chairman of the Supervisory Board, and Burilovic, have been on INA’s Supervisory Board since mid-December 2016, and Mikuljan since June 2017.

The Supervisory Board has nine members, of which three (including Board chair) are nominated by Croatia, four by the Hungarian oil company MOL, which holds a 49.08% interest in INA, and one by INA employees.

MOL’s representatives on the Supervisory Board, József Molnár, László Uzsoki, Zsuzsanna Ortutay, Gabriel Szabó and Domokos Szollár, were elected last December for a term of four years.

The employees’ representative on the Supervisory Board is Jasna Pipunic.

Economy Minister Tomislav Coric said today that both Filipovic and Skurla were proposed for new members of the Supervisory Board owing to their biographies.

Asked if the nomination of Filipovic was a consolation prize after he lost the elections for the mayor of Zagreb (he was the HDZ’s candidate), Coric said that Filipovic was a lecturer at the Zagreb Faculty of Economics and had previous experience in the chairmanship of supervisory boards and no his nomination was not a consolation prize.