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15 December 2022

Save Re appoints David Benedek as management board member

Pursuant to the rules of the Ljubljana Stock Exchange d.d., Ljubljana, and applicable legislation, Sava Re d.d., Ljubljana, makes the following announcement:

At today’s session of 15 December 2022, the supervisory board of Sava Re d.d. unanimously approved the proposal of the nominations and remuneration committee and appointed David Benedek as an additional member of the management board.

David Benedek has been appointed for a five-year term, beginning on the next business day following receipt of the Insurance Supervision Agency’s decision to issue a licence to David Benedek to act as a member of the management board. Upon entering his term, he will assume responsibility for financial operations and asset management, and for the governance of strategic investments in pension companies, asset management companies and healthcare companies.

David Benedek, brief biography

After graduating in banking and finance from the Faculty of Economics (University of Ljubljana), David Benedek earned an MBA from the Kelley School of Business (Indiana University), Bloomington, Indiana. Having completed his studies, Benedek worked in the United States for five years. On his return to Slovenia, he continued his career in banking and later in insurance. He has several years of experience in senior and executive roles at Nova Ljubljanska Banka d.d., Triglav INT d.d., Gorenjska Banka d.d. and Zavarovalnica Triglav d.d. He also has valuable experience in corporate governance of subsidiaries within larger systems, mergers and acquisitions, and bancassurance, as well as in securities portfolio management, corporate finance and strategic investment management for healthcare companies.

Davor I. Gjivoje Jr, chairman of the Sava Re supervisory board: The supervisory board firmly believes that the management board in the envisioned new four-member composition, with its know-how, significant experience, skills and goal focus, will continue to deliver on the planned strategy of the Company and the Sava Insurance Group.