Mato Zadro new member of the Management Board of Lura Group

Mato Zadro joined Lura Group at the beginning of November as a member of the Management Board for business development, where he will particularly focus on the new development cycle of the Favarger company, the Group announced.

Favarger, one of the oldest Swiss chocolate manufacturers, was founded in 1826, and the factory is still located in Geneva today. Since 2003, it has been owned by Luka Rajić and is part of Lura Group. Favarger has made a significant turnaround in its business over the last three years, achieving double-digit growth each year.

Zadro has many years of experience and numerous successful projects behind him, and as one of the best managers with an international career, he will certainly contribute to Favarger making a new leap in business excellence.

– I am pleased that with Zadro’s arrival, we will further strengthen the management team of Lura Group, as well as Favarger, which is truly a wonderful brand today. I am happy that with the new, strengthened team, we will step into a new development cycle for the Favarger company. I look forward to collaborating with Zadro again after ten years and achieving new joint successes, said Luka Rajić, founder and owner of Lura Group.

– Favarger is a company with an impressive history and an exceptional product, and global trends are in its favor. The demand for high-quality products and brands in the chocolate segment is growing, and there are not many brands in the world that can compare their credibility with Favarger and its 190 years of Swiss chocolate production tradition. Favarger is a company with a good growth trend, and my goal is to accelerate that growth and develop Favarger in new relevant markets, said Mato Zadro, emphasizing that it is an honor for him to join Lura Group, for whose further development he sees numerous opportunities.

Mato Zadro comes to Lura Group from the position of a member of the regional Management Board at British American Tobacco Adria, and he has gained rich experience in high managerial positions in Croatia and worldwide. He started his career at Dukat, or the then Lura, at a time when its owner was Luka Rajić, and in 2006 he became the CEO of Dukat. Since 2007, he has been working at Lactalis, where he was first responsible for operations in Southeast Europe, and in 2009 he took the position of a member of the Executive Board of Lactalis responsible for operations in new markets, which then included the Middle East, Africa, Asia, and Australia. From 2012 to 2015, he was the CEO of TDR and a member of the Management Board of Adris Group responsible for the tobacco strategic division, which included the Tobacco Factory Rovinj, Istragrafika, Croatian Tobacco, and Inovine.