NEWS FLASH
Croatia Airlines’ CEO, Jasmin Bajić, is expected to remain at his post, albeit as an acting CEO, after his existing four-year contract concludes in May. Out of 72 managers across 36 strategic state companies in Croatia, more than half are in acting positions rather than holding full four-year mandates. This is due to delays in implementing a new law on state-owned enterprise management, which is part of Croatia’s OECD accession reforms. Because the necessary regulations haven’t been adopted, the government keeps extending mandates every six months, instead of conducting proper selection processes.
Mr Bajić is one of the few managers whose full mandate is expiring soon. Therefore, he is likely to move into a temporary/acting status. Croatia Airlines’ CEO has a long history of operating under temporary mandates. He was previously described as a “record holder” for repeated extensions of acting mandates, having served as acting CEO for years before receiving a full term.