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All ‘Todorić’s People’: Arrests at the Top of Agrokor

On Monday morning, the police began arresting former leaders of Agrokor who managed the company before it was taken over by a temporary administration, and according to data from the State Attorney’s Office, “investigations and searches” are ongoing for 15 individuals.

So far, according to available data, Ivan Crnjac, Piruška Canjuga, Ljerka Puljić, and Tomislav Lučić have been arrested. All of them were members of the management or supervisory board of the troubled conglomerate, which had seven members in its management before the arrival of the extraordinary government commissioner Ante Ramljak.

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At the top was Ivica Todorić as president, while his older son Ante was vice president. Ante Todorić assumed this position in early 2016, and his previous role as a member of the management for retail was taken over by Darko Knez, but only for six months.

Other members of Agrokor’s management held the title of executive vice presidents within the company.

According to media reports, the executive vice president for finance, strategy, and capital markets, Ivan Crnjac, had the most responsible role in the business of writing reports. Crnjac has been with Agrokor since 2005 as the executive director for strategy, and in 2008 he took on the role of executive vice president for strategy, mergers, and acquisitions and entered the management board of the conglomerate.

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Ljerka Puljić was a long-time senior executive vice president of Agrokor and was known for years as Todorić’s right hand. She joined Agrokor from Ledo in the first half of the 1990s and gradually became the most powerful person in the conglomerate. Since 2015, she has been a member of Agrokor’s Supervisory Board. She has been elected the most powerful woman in Croatian business for ten consecutive years according to the list of the 300 most powerful women by Lider weekly.

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Damir Kuštrak, a former member of Agrokor’s management and a member of the Supervisory Board of Mercator, entered Ivica Todorić’s conglomerate in 1994 when he was appointed senior executive vice president for operations and marketing at Agrokor. He held that position until 2000 when he went to the government of Ivica Račan as deputy minister of finance. Since 2004, he has been the president of the management board of Medika, and in 2008 he returned to Agrokor where he took on the role of executive vice president for export markets. Kuštrak was also the president of the Croatian Employers’ Association (HUP).

Tomislav Lučić was a member of the management board from 2013 to 2015.

Piruška Canjuga was the executive vice president for business and business development at Agrokor. The wife of Zlatko Canjuga, who was a close associate of Franjo Tuđman in the 1990s and the head of NK Croatia, joined the management board of the conglomerate in 2008.

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Ivica Sertić became the executive vice president of Agrokor for markets, sales, and logistics in 2016. He was the president of the management board of Jamnica since 1993. Under his leadership, the company became a strong market leader and the largest producer of mineral waters and soft drinks in Southeast Europe. Among them, Jana stands out.

Hrvoje Balent, the husband of Iva, the daughter of Ivica Todorić, was the executive vice president for central procurement and services of the conglomerate. Balent joined Agrokor’s management board in 2012 when he was leading the reorganization of the Nemetova polyclinic, which the conglomerate took over from Basler insurance that same year.

Mislav Galić was the executive vice president of the conglomerate for the food business group. He reached the vice president position in the conglomerate from the leading position at Ledo. First as director, and later as president of the management board. Galić became the director of Ledo in 1998.

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Igor Čičak was the vice president of Agrokor responsible for finance from 2005 to October 2006.

The former chief of cabinet of Franjo Tuđman, Goran Radin, was responsible for human resources and legal and general affairs from 2010 to 2014.

Saša Galić was a member of the management board for strategy from 2006 to 2008, having come to Agrokor from the EBRD.

Stjepan Ledić was a member of the management board from 1999 to 2007.