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Business news in Slovenia

Geoplin chief executive dismissed

Ljubljana, 29 March (STA) - The shareholders of Slovenia's largest gas supplier Geoplin dismissed on Friday chief executive Matija Bitenc. Simon Urbancl remains director after taking this post on October 2023. This will guarantee the continuity of leadership, Geoplin said in a press release.

The company, whose largest owner is energy company Petrol (74%) while the state holds a 25% share, did not provide reasons for the move.

The business newspaper Finance reported earlier this week that this would happen claiming that the Petrol management, led by Sašo Berger since the end of last year, had demanded that Bitenc be replaced.

Bitenc led Geoplin since the end of October 2022, when Petrol, which was led by Nada Drobne Popović at the time (she stepped down last November), dismissed the previous CEO, Vanja Lombar.

Bitenc was appointed for a full, five-year term at the end of last December, effective at the start of January.

In early December 2023, he resigned as a member of management of Petrol, Slovenia's largest fuel retailer, to focus exclusively on the management of Geoplin.

"Geoplin remains the leading natural gas supplier for Slovenia and continues to operate smoothly on foreign markets, continuing to provide its customers with competitive, reliable and flexible natural gas supplies while maintaining a sustainable level of profitability.

"In line with the recently adopted strategy, the company plays an important strategic development role in the energy transition, in addition to supplying natural gas," Geoplin said today.

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