Borut Jamnik

President of the Audit Committee

Borut Jamnik, born in 1970, is from Ljubljana. He graduated in theoretical mathematics from the Faculty of Natural Sciences and Engineering at the University of Ljubljana, and started his career at the Agency of the Republic of Slovenia for Restructuring and Privatisation. After completing his traineeship, he led many ownership transformation projects.

After a brief spell at the Securities Market Agency of Slovenia, Jamnik took up a post at the IT and analyses department of Kapitalska družba, a company that evaluates investments and prepares the grounds for management decisions. He managed the project that led to establishing the First Pension Fund in Slovenia. In 2000, he began his term on the management board of Kapitalska družba in charge of finance, analyses, information technology, and pension fund management activities. Jamnik chaired the management board of Kapitalska družba from 2003 to 2005 and from 2008 to 2011. In the intervening years, he was a board member responsible for finance and group management at Hit, then at Probanka Asset Management, first as a management consultant and later as a management board member. During that tenure, he oversaw the merger of two hotels, HIT Alpinea and Kompas Hoteli KG, and was involved in negotiations with the strategic partner, the then Harrah’s Entertainment. He chaired the board of a special business consulting company Posebna družba za podjetniško svetovanje (PDP) until its dissolution following the merger with Slovenski državni holding (SDH, Slovenian Sovereign Holding), a process that involved a series of financial and business restructurings, culminating in the companies being sold. In 2011 he began chairing the management board at Modra zavarovalnica, where he was responsible for asset management, compliance, planning and controlling, legal and HR matters. In April 2023, he was appointed president of the management board at SID banka.

Since 1999, he has chaired many management bodies of major Slovenian companies, including Telekom Slovenije, Pivovarna Laško, Zavarovalnica Triglav, NLB, Luka Koper, Comet, Swaty, Lesnina, Žito, and Krka. Until 2018, he was a management board member of the European Association of Public Sector Pension Institutions (EAPSPI). He is currently a board member to the supervisory board and Audit Committee at Nova KBM.

Jamnik held the presidency of the Slovenian Directors’ Association (SDA) from 2008 until 2020, where he helped to develop corporate governance expertise and practices and the functioning of supervisory and management boards. Since 2020, he has chaired Policy Committee of the SDA. He also chaired Slovensko zavarovalno združenje (SZZ, Slovenian Insurance Association), where he currently continues his tenure as a committee board member.

As an executive and member on the supervisory boards, he has been engaged in various complex corporate campaigns and contributed to resolving complex business issues with his long experience and negotiation skills.