T-Hrvatski Telekom (Reuters: THTC.L, HT.ZA; Bloomberg: THTC LI, HTRA CZ), Croatia's leading telecommunications provider, announces that at today’s Supervisory Board meeting Ivica Mudrinić resigned as President of the Management Board (CEO) of Hrvatski Telekom d.d. (HT) to take the position of Deutsche Telekom’s Senior Vice President for Strategic Support to DT Europe and Technology Board Member and Board of Management in Bonn.
The Supervisory Board has appointed Davor Tomašković as his successor and he will assume the duties of President of the Management Board (CEO) of HT as of 1 January, 2014 for a term of four years.
Mark Klein, President of the Supervisory Board, said:
"First of all I would like to thank Ivica Mudrinić for everything he has done for HT in his fifteen years at its helm. Under his leadership the company has transitioned from a state-owned monopoly to become not only a truly transformed telecommunications market leader in Croatia but also a technological frontrunner within the DT Group.
The fact that Ivica Mudrinić is now leaving for DT headquarters is the best indicator of how much we value his successes, endeavors and knowledge, from which in the future both HT and the DT Group will gain direct benefit.
I am confident that in these challenging times of economic crisis Davor Tomašković is the best possible choice as President of the Management Board of HT. I look forward to future cooperation with another excellent Croatian business leader."
Ivica Mudrinić , outgoing President of the Management Board (CEO), said:
"I am grateful to all my colleagues and employees of Hrvatski Telekom for everything we have achieved together over the past fifteen years, and to the company’s shareholders for their continuous trust in me. I am pleased that over the years we have succeeded in building a modern communications infrastructure that has moved Croatia higher in the global competitiveness rankings and on which the entire country’s economy rests. This is something of which we can all be very proud.
I am certain that under the leadership of Davor Tomašković, whom I would once again like to warmly welcome to the company, HT will continue along the successful path that has earned it a special place on the domestic business scene, in the ICT industry and within the broader DT Group."
Davor Tomašković, President of the Management Board (CEO) designate, said:
"I am extremely pleased to be joining the team of one of the most successful and renowned Croatian companies. There are a number of challenges ahead of us as the industry undergoes significant changes, demanding rapid adjustments in the business to deliver the highest possible levels of efficiency.
I am confident we will rise to meet these challenges and achieve strong business results as we continue building a successful future for HT, a Company that is one of the key drivers of the Croatian economy."