Varteks d.d. appointed to its management board the company's head of production Drazen Dobis, after its CEO Tomislav Babic resigned last week. Mirjana Droptina was appointed as the president of the supervisory board, and Bozica Cicek-Mutavdzic as the deputy president of the supervisory board, Varteks said in a filing to the Zagreb bourse. The reason for Babic's resignation was several months of unsuccessful negotiations with creditors for the distribution of proceeds from the sale of real estate, Varteks said last week.