Agrokor Group, the Balkan's leading retail and food manufacturing company, has appointed Antonio Alvarez III as Chief Restructuring Officer. Alvarez will lead the group’s transformation process as it aims to achieve strategic realignment. As revealed in a company press release, at the same time the group’s management team will be reorganised, with the CEOs of Agrokor’s main banners Mercator and Konzum resigning from their posts. After an initial meeting with key creditors, Alvarez announced that the banks’ coordinating committee signalled willingness to fund the operational cash needed by the company to support reorientation.
Sebastian Rennack (Senior Retail Analyst), on 07-Apr-2017 10:30:03