Davor Tomaskovic, the president of the management board of Croatian incumbent Hrvatski Telekom (HT), has submitted his resignation and will continue his career outside the Deutsche Telekom group from April 1, 2019.
Konstantinos Nemphis, who is currently CCO, consumer segment at Greece’s OTE, will to take his position from that date.
Commenting on the development, Jonathan Richard Talbot, the chairman of the supervisory board, said: “Since his arrival at the position of president of the management Board of HT, Davor, together with his team, achieved remarkably good business results. For five consecutive years, HT showed growth in revenue, EBITDA and net profit, and continued to transform to deliver an EBITDA margin of 41.9 %, making it one of the most successful companies within DT Group. HT has continued to invest in creating a better customer experience with more than HRK7 billion being spent on infrastructure development in these five years. Davor has also led many acquisitions to strengthen the health of the company, including successfully taking over Montenegro Telecom”.
Tomaskovic added: “HT is a great company with an amazing team of employees. I am proud of the results we have achieved together. In five years we completed the challenging transformation, and the company today is fast and agile. With the growth of all financials indicators we strengthened the leadership position in all market segments and consolidated the overall telco market. We also made our regional move and delivered successful results in doing business outside of the domestic market. During the previous five years HT also became one of the largest investors in Croatia, as well as one of the most significant employers, contributing through its operations to the overall development of the country. Following this five-year cycle, which was necessary for the company to transform, HT is prepared for the upcoming period and ready to overcome all challenges which lie ahead”.
In other changes, HT’s supervisory board has appointed Natasa Rapaic as a board member for residential customers for another term in office, commencing February 1, 2019.
