Elan, the Slovenian ski company, has formed a new two-member board after the departure of its chairman and chief executive, Robert Ferko, at the end of October. He was accused of mismanaging company funds and was briefly arrested, but was rapidly released as the allegations against him could not be substantiated. Ferko still moved on to another job, leaving only Andreja Košir on the board. She is in charge of finance, controlling and IT. Košir was joined on the board on Nov. 8 by Leon Korošec, who has been the executive director of the winter division for the last three years. Neither of them has been appointed as chairman of the board, and it remains to be seen if this function will be brought back. The uncertainty is partly due to the fact that talks are still ongoing about the sale of the company, without any particular deadline. Elan added that the performance of its winter division had been most promising so far this year, with strong prospects for the Amphibio technology. It is facing tougher market conditions in its marine business, but the entire company's sales are still ahead of its turnover at the same time last year.

Topics