New Management Board of GIKIL appointed 

23/12/2018 18:06:00

At the last session of the Supervisory Board, according to the previous announcement, the new Management Board of Global Ispat Koksna Industrija d.o.o. Lukavac (GIKIL) was appointed.

DebasishGanguly, now former Managing Director of the Company, who was in charge for the past five years, was resolved from duties, and to this position has been nominated Paramesh Bhattacharyya, a mechanical engineer with more than 30 years of experience in power, coke and ferrochrome factories around the World, including rich experience in the implementation of environmental projects. He is currently working in the VISA Group, as President – Operations and Factory Manager, and the position of Managing Director of GIKIL he will take immediately upon completion of the issuance of a work permit which is in progress.

By the Supervisory Board's decisions, a complete reorganization of the Management Board was made.

SuadImamovic, former Executive Director for Shared Services in GIKIL, was elected as the Deputy Managing Director, while this job from now on as to a member of MB belongs to Zuhdija Aganovic, former Executive Director for TPM and Six Sigma in GIKIL.

Mandate of Fuad Muminović has been confirmed as the Executive Director for Operations, and the new four-member Management Board will be in charge for the next four years. The powers of Managing Director will be run in full capacity by the Deputy Suad Imamovic until the official appointment of new MD.

That Global Ispat Koksna Industrija d.o.o. Lukavac (GIKIL) is on the decisive path of positive changes is further confirmed by other decisions made at the same session. Due to the need for undisturbed and fast implementation of GIKIL’s projects related to environmental protection and safety at work, on which the Executive Director of Production was appointed as the project leader, a decision was made to increase the powers of executive directors, members of the Management Board, from current 5,000.00 BAM to 100,000.00 BAM, which will be recorded in the court register.

By the decision of the Supervisory Board the Company's Procurator was also appointed, lawyer Faik Muhić, with the aim of improving the position of GIKIL in obtaining environmental and other permits, and initiating and resolving other important tasks in order to protect the interests of the company GIKIL.

These decisions were followed because the Supervisory Board was not satisfied with the situation in which the company found itself, especially when it comes to the implementation of orders from competent inspectors in the area of environmental protection and safety at work, as well as failure to take adequate and expedited measures to remedy the omissions.

The new Management Board has been given strong instructions and support to overcome the problems in the company's work as soon as possible, in order to become a role model in terms of business, as well as a leader in the implementation of all environmental protection measures and the people employed in the company.

The new Management Board is expected to continue with the implementation of all orders of competent inspections and implementation of environmental standards and that in the best interest of GIKIL they promote a new approach in line with the best practices of companies in this field, both in Europe and in the World.