KD Group, financial company, d.d., Dunajska cesta 63, 1000 Ljubljana, hereby announces that on 27 September 2012 the company’s board of directors appointed Willem Jacob Westerlakn and Matija Šenk as executive directors of the company, neither of whom are members of the board of directors. The new executive directors will take up their posts on 1 October 2012, and their term of office will run until 16 November 2013. Due to the provisions of KD Group’s Articles of Association, which limit the number of executive directors to four, Jure Kvaternik’s term as an executive director will end by mutual agreement with effect from 1 October 2012; however, he will continue to be responsible for finance, controlling and accounting within the KD Group. Willem Jacob Westerlaken and Matija Šenk will, at the same time, continue to serve as a member of the Management Board of Adriatica Slovenica and Chairman of the Management Board of KD Življenje, respectively.
The management of KD Group comprises Aljoša Tomaž, Chief Executive Officer (responsible for finance, treasury, controlling and accounting), Gabrijel Škof, Deputy Chief Executive Officer (responsible for the organisation of the Group’s operational activities), Willem Jacob Westerlaken (responsible for marketing, sales and product development) and Matija Šenk (responsible for international operations) will focus on implementing the new development strategy of the KD Group, which aims to become one of the leading insurance groups within three to five years, with its main market in Slovenia and subsidiaries across the Balkans, whilst also offering high-quality asset management and investment products.
The main drivers of organisational and financial restructuring will be reducing complexity and optimising the product portfolio, which we expect will lead to further sales growth in domestic and foreign markets, a reorganisation of operational functions through the centralisation of shared services, which will lead to more efficient operations; and an improvement in the capital and financial structure, which will enhance the Group’s robustness and form the basis for long-term growth and development.
This announcement has also been published on the company’s website,
www.kd-group.com, under ‘Public Announcements’ since 27 September 2012.
KD Group d.d.
KD Group d.d.
