The Slovenia Times

Gorenje expands management with six Hisense reps, to delist

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On a proposal from Bobinac, the management board was expanded to twelve members, with the new members being Lan Lin, Chiao Liu, Jianmin Han, Lu Hou, Anguo Yan and Changchun Sun, all of whom previously held managerial positions in the Chinese group around the world.

Bobinac will remain the president of the management board, while Lan will act as vice-president, Gorenje said in a press release, adding that the new members "will facilitate, with their know-how and experience, the effective utilisation of all synergies brought by the strategic partnership between Hisense and Gorenje".

"The expansion of the management board is a natural step in the procedure the board resolutely started a year ago. We found a strategic owner and partner, with which Gorenje will be able to grow and develop faster," said Bobinac.

The owners of Gorenje also decided to delist the company from the Ljubljana Stock Exchange, which will be voted on at an AGM on 17 September.

Hisense, which holds a 95.42% stake in Gorenje, is convinced that it would be easier, cheaper and more efficient to manage the company as a single shareholder. It is ready to pay EUR 12 per share to small shareholders, the same price it paid for the stake in the takeover bid.

The AGM will also confirm the resignations of supervisors Bernard C. Pasquier, Bachtiar Djalil, Corinna Claudia Graf and Miha KoŇ°ak as representatives of the former owners, who were appointed in June.

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