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SINIŠA ĐURANOVIĆ
Management Board Member and Chief Corporate Affairs Officer (CCO)
Siniša Đuranović was appointed Management Board Member and Chief Corporate Affairs Officer (CCO) in
December 2022. In this role, he is responsible for coordinating and managing the Company’s corporate affairs
regarding strategy, regulatory and public affairs, legal affairs, wholesale, M&A, ESG, electronic communications
infrastructure, business transformation, tportal and digital advertising services.
During his career with Croatian Telecom, which began in 2000, his responsibilities included those of Senior Vice
President and General Counsel, overseeing regulatory and legal functions as well as leading strategic Croatian
Telecom and HT Group projects in Croatia and the region.
He began his career at the Filipović Law Office, focusing on corporate law, and domestic and international
consulting in major acquisitions.
Siniša is also Chairman of the Board of Directors of Crnogorski Telekom, a Supervisory Board member of the public
company Hrvatske telekomunikacije d.d. Mostar, and Vice President of the ICT Section of the Croatian Employers
Association.
He graduated from the Faculty of Law, University of Zagreb and completed the MBA program at the IEDC Bled
Business School of Management.
MATIJA KOVAČEVIĆ
Member of the Management Board and Chief Financial Officer (CFO)
Matija Kovačević has been Management Board Member and Chief Financial Officer (CFO) since August 2022. In
this role, he is responsible for finance, internal audit, risk management, procurement, real estate management, and
business transformation.
Since joining Croatian Telecom, he held several executive positions and participated in the acquisition of Combis and
Iskon. In 2009, he was appointed a member of the Management Board and Chief Financial Officer at Iskon.
He continued his career at Deutsche Telekom in 2010, gaining extensive international experience. He was
responsible for financial and business steering in Deutsche Telekom's subsidiaries in South-East Europe. He led a
range of transformation and operating model change projects and controlled the European Head Office unit at
Deutsche Telekom.
Matija is also a Member of the Board of Directors of Crnogorski Telekom.
He graduated from the Faculty of Economics and Business, University of in Zagreb.
KREŠIMIR MADUNOVIĆ
Member of the Management Board and Chief Operating Officer Residential (COO Residential)
Krešimir Madunović was appointed Member of the Management Board and Chief Operating Officer Residential
(COOR), effective July 2024. In this role, he is responsible for Product development, Sales, Residential Steering and
Channel Management, Customer Experience, Residential Marketing, Brand Development and Management.
In late 2022, he was appointed Director of Residential Marketing at Croatian Telecom and, in parallel, served as CEO
of Iskon (a member of the HT Group), a position he held since 2016 until Iskon's integration into Croatian Telecom on
1 January 2024.
He started his career at HPT Mostar in 1997 and continued at T-Mobile where he held several managerial positions.
In 2009, he assumed the position of Operations Director of the Sales Sector for SME of Croatian Telecom. He was
appointed a member of the Iskon Management Board for Business Customers and Wholesale in 2013.
Krešimir holds a degree from Faculty of Electrical Engineering and Computing, University of Zagreb and has
competed an MBA program at the IEDC Business School in Bled.
REMUNERATION OF THE MANAGEMENT BOARD
The remuneration and evaluation of the work performed by the Management Board is conducted in accordance
with the Remuneration Policy for Members of the Management Board that was adopted by the General Assembly
of the Company in 2023. Once a year the Company submits to the General Assembly the Report on remuneration
paid to the Members of the Supervisory Board and to the Management Board Members in the previous business
year. Remuneration Policy and the above stated Report are available at the Company web pages at the following
link https://www.t.ht.hr/odnosi-s-investitorima/revidinirana-financijska-izvjesca-o-primicima.
Annual target salary of Management Board Members consists of fixed basic annual salary and performance
related variable component, the so-called Short-Term incentive (STI). The STI shall reward the achievement
of collective targets over an annual period.
Compensation system also encompasses long-term compensation elements, Long-Term Incentive (LTI),
EU Game Changer Incentive Program, and Share Matching Plan (SMP) that can be awarded on top of the
target salary as a voluntary long term compensation instrument allowing participation only if targets from
the Short-Term incentive Plan are achieved at the level of minimum 100%. The mandatory prerequisite for
participation in the SMP is that the executive invests in the share named in the specified plan.
Company’s Shares Award Plan (PDD) is also implemented, a voluntary compensation tool under which
a Member of the Management Board has the option to choose HT shares instead of a pay-out of certain
percentage of Short-Term incentive (STI) achieved for the previous year.
Additionally, to acknowledge extraordinary individual performance and achievements, Supervisory Board
can grant a Spot Bonus as one-time payment within one calendar year.
Individual compensation agreements can include fringe benefits: company car, accommodation cost,
pension fund, scholarship for children, other non-cash benefits and services These elements are adjusted
depending on individual circumstances of each Management Board Member and are defined by the
Contract each Management Board Member concludes with the Company.
MANAGEMENT BOARD (continued)
IVAN BARTULOVIĆ
Member of the Management Board and Chief Operating Officer for Human Resources and Customer
Operations (COO)
Ivan Bartulović was appointed a Member of the Management Board and Chief Operating Officer for Human
Resources and Customer Operations (COO) in July 2024.
Since 2019, he served as a Member of the Management Board and Chief Human Resources Officer (CHRO) at
Croatian Telecom and was responsible for organisational transformation and employee experience transformation.
This process resulted in all-time highs in employee satisfaction and engagement. After taking on the broader COO
role, his responsibilities also include technical services for residential, business and ICT customers, the call centre for
residential customers, digital sales and customer support.
He began his career in 2005 as a financial consultant at Privredna banka Zagreb. From 2010, he was Executive
Director for Strategic Human Resources at CEMEX Group, responsible for their operations in Croatia, Bosnia and
Herzegovina, Montenegro, and Serbia. Between 2016 and his appointment as CHRO at Croatian Telecom, he was
a Member of the A1 Group's Leadership Team and Cluster Senior Director of Human Resources and Corporate
Communications for business segments in Croatia and North Macedonia.
He is a Board member of the German-Croatian Chamber of Industry and Commerce (Deutsch-Kroatische Industrie-
und Handelskammer).
Ivan graduated in Business Economics, and obtained a master's degree in Financial Management from the Faculty
of Economics, University of Split. He completed his MBA at HHL Leipzig Graduate School of Management and EADA
Business School. During his MBA studies, he also studied at Georgetown University and Lingnan University. He
attended Harvard Business School, specialising in Business Transformation Management.
BORIS DRILO
Member of the Management Board and Chief Technical and Information Officer (CTIO)
Boris Drilo has held the position of Member of the Management Board and Chief Technical and Information Officer
(CTIO) since 2017. He is responsible for the development, implementation, and operation of all technological
platforms of Croatian Telecom, including mobile and fixed networks, and IT and business systems.
He previously served as HT’s Sector Director for managing architecture, strategy, and investments within technical
functions of Croatian Telecom, and as a Member of the Management Board of Iskon Internet d.d. responsible for
technology and IT.
Boris joined Croatian Telecom in 2012, from the Ericsson Group, where he spent 12 years in managerial functions
related to the development and application of telecommunications networks and new technologies.
During 2024 he also served as the Executive Board Member with Croatian Employers’ Association, and is a member of
the Alumni Board of the Faculty of Electrical Engineering and Computing, University of Zagreb.
He graduated from the Faculty of Electrical Engineering & Computing, University of Zagreb, where he spent one year
as Research Assistant in wireless data communications. He holds a master’s degree in electrical engineering, and he
also completed the Executive Leadership Programme at Boston University, and the Executive MBA degree course at
Cotrugli Business School in Zagreb.
