Zoran Mitrovic new CEO of Victoria Group - Popovic to sell his stake, Vujacic stays as adviser

(Zoran Mitrovic)

Victoria Group, one of the leading agroindustrial companies in Serbia and the region, has confirmed the speculations that it is in the phase of the ownership structure changing.

According to the company's release, Stanko Popovic, one of the company's founders, is going to sell his stake to other co-owners and stay in the company as a member of the Managing Board.

Zoran Mitrovic, chairman of the Managing Board as of 5 December 2011, is going to assume the position of CEO, whereas former CEO Nikola Vujacic will become an adviser of the CEO.

The release also reads that Victoria Group will resume its successful operations and growth, in accordance with a long-term strategy that was also agreed upon with the partner institution - the European Bank for Reconstruction and Development (EBRD). Until the end of 2012, the company plans to invest a total of EUR 60 million, and it has a clearly defined vision of long-term growth and development in local and foreign markets.