The Supervisory Board of the IGH Institute Appoints New Management Board Amid Key Transformation Phase

Following the resignations of former Management Board President Robert Petrosian and Board Members Tatjana Bičanić and Marija Đuroković, the Supervisory Board of the IGH Institute has appointed a new Management Board tasked with leading the company through a critical restructuring process.

The new President of the Management Board, Mr. Mariyan Tkach, assumed office on 17 September 2025. Mr. Tkach is a representative of the ownership structure and a recognized expert in crisis management. Since 2020, he has served as Deputy Chairman of the IGH Supervisory Board.

As of 23 September 2025, Mr. Gerhard Sattler and Mr. Bariša Pavičić joined the Management Board as new members.

These leadership changes come at a time when the company is facing significant challenges that demand decisive action, fresh energy, and a thorough transformation of its operations, including process optimization and the establishment of a sustainable growth model.

The newly appointed Board Members bring specialized expertise essential for the transformation ahead, with a particular focus on experience in the construction sector:

• Mariyan Tkach (President of the Management Board): Expert in crisis management.
• Gerhard Sattler (Management Board Member): Expert in finance, strategic management, and transformation processes, with over 20 years of experience. Mr. Sattler joined IGH in 2019 and, prior to his appointment, served as CFO and Chairman of the Audit Committee.
• Bariša Pavičić (Management Board Member): Attorney specializing in restructuring, commercial, and construction law. He has worked with IGH as an external partner since 2013 and led the Legal Affairs Department from 2015 to 2020.

The new Management Board recognizes the need for swift, yet thoughtful changes aimed at ensuring the company’s stability, competitiveness, and long-term development.

Soon, another experienced professional with an extensive background in the construction industry—including a significant tenure at the IGH Institute—will join the Management Board.

The new leadership sees the upcoming transformation as an opportunity to lay the foundation for a stronger, more agile, and successful organization and is confident in the positive outcome of the process.