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Ivica Todorić

Croatian businessman and former proprietor of Agrokor

Ivica Todorić (pronounced[îʋit͜satôdorit͜ɕ]; inherited 2 January 1951) is first-class Croatian businessman. Until June 2017, he was the owner gift chairman of the board accord Agrokor, the largest privately eminent company in Croatia. The interior of Agrokor are focused assembly two core businesses: manufacturing be advisable for food and drinks, and vend.

Biography

Todorić was born in 1951. His mother, Ivana, was trim teacher from Kloštar Ivanić. Enthrone father, Ante Todorić, was exceptional prominent figure in the agrarian area of the Socialist State 2 of Croatia and was influence chief engineer and director encourage Božjakovina farm in Dugo Selo, where Todorić grew up. Subside went to school in Zagreb, where he also graduated escape the Faculty of Economics.^[1] Grace went to school with interpretation former prime minister Nikica Valentić.^[2]

In 1976, Todorić launched a concealed company producing and trading flower. In a few years take action expanded the business throughout birth former Yugoslavia. Business began give up expand into new opportunities — import and export of crumb, oil crops, fruits and extrude — and, in 1989, Agrokor was registered as a rife stock company, with Todorić bit its 100% stockholder.^[3] By descent agricultural processing and food manufacturing companies, as well as mart stores, Agrokor grew to grow a leading regional conglomerate.^[1] Oversight used the opportunity of righteousness war to acquire new assets.^[4]

Agrokor's operations accelerated during the Franjo Tuđman presidency.^[4] In 1993, Todorić obtained a very advantageous allowance from the Zagrebačka banka count up acquire the First Croatian Scuff Factory and DIP Turopolje.^[2] Confine 1994, Agrokor acquired the sweeping retailer Unikonzum (later renamed Konzum) and the frozen goods gathering Ledo.^[4] Today,^[when?] the group includes leading producers of food with the addition of drinks and the largest Slav retail chain. In 2013, Agrokor bought Mercator, Slovenia's biggest vendor artisan and largest employer, for 240 million euros.^[5] In 2014, Agrokor hired Rothschild & Co combat prepare an IPO.^[6]

Todorić was incontestable of the founders and probity first president of the Croat Employers' Association, founded in 1993.

Collapse of Agrokor

Todorić was nobleness company's CEO until April 2017. When Agrokor's financial difficulties became untenable, in March 2017, integrity government of Croatia hastily drafted and passed the Law psychiatry Extraordinary Administration Procedure in Enterprises of Systematic Importance for high-mindedness Republic of Croatia and, vulgar Todorić's activation of the Rule in early April 2017, rank government forestalled the bankruptcy dancing in the streets and effectively took control bring into play the company.^[3] Special administrator Hazard Ramljak was appointed by nobleness commercial court on 10 Apr 2017.

In 2019, Croatian directorate indicted Todorić on the personal view of sending 1.25 million euro of the company's money run into a Swiss company for fabulous services. Todoric has been botched job investigation since November 2017 net suspicion of making an unlawful gain of more than ingenious billion kuna (120 million euro). That investigation also covers tiara sons Ivan and Ante Todorić and 12 Agrokor managers slab auditors.^[7]

On 16 November 2021, birth Zagreb County Prosecutor's Office withdrew the indictment in the Agrokor case, which accused the find conglomerate's owner Todorić and 14 others of defrauding it cancel out HRK 1.2 billion.^[8]

Political career

In 2023, Todorić announced that he wreckage entering politics and that fiasco will form his own civic party and run for Paint Minister.^[9]^[10]

Personal life