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INA Croat Supervisors Ask Gov’t to Replace Aldott, Jutarnji Says

The four Croatian supervisory board members of INA Industrija Nafte d.d., the Zagreb-based refiner controlled by Hungary’s Mol Nyrt. (MOL), asked the government to seek dismissal of Zoltan Aldott, president of INA’s management board, Jutarnji List reported, citing people it didn’t identify.

Mol owns 49.1 percent and the government holds 44.84 percent of the refiner. The government in the last two years has attempted to increase its influence in INA, after Mol won controlling rights to Croatia’s largest refiner in a shareholding agreement in 2009.

David Stern, president of the supervisory board, didn’t answer calls to his mobile phone today. INA spokeswoman Marina Burazer, declined to comment when contacted by phone in Zagreb by Bloomberg New.

To contact the reporter on this story: Jasmina Kuzmanovic in Zagreb at jkuzmanovic@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net

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