en.Wedoany.com Reported - Montenegrin transmission system operator CGES has dissolved its board of directors and established a supervisory board and a management board, transitioning from a single-tier to a two-tier governance model. Former executive director Ivan Asanović continues to lead the company, now serving as General Manager and Chairman of the Management Board.

Shareholders of the state-controlled Crnogorski elektroprenosni sistem (CGES) held extraordinary and annual meetings, approving the reform of the corporate governance structure. As the country's transmission system operator, CGES dissolved its former board of directors, separating executive and supervisory functions. The newly established Supervisory Board is chaired by Aleksandar Mijušković, with members including Jelena Matejić, Maria Rosaria Guarniere, Nicoletta Buonomo, Slavoljub Todorović, Vučko Fatić, and Violeta Vuljaj.

CGES's Management Board consists of Ivan Asanović, Branka Mićović (Head of ICT Department), and Dragan Perunović (Head of Development and Investment). Asanović has transitioned from Executive Director to General Manager and Chairman of the Management Board. Shareholders approved the company's 2025 report and decided to allocate €5.7 million from profits for the eighth dividend payment.

Mijušković stated that the renewed trust represents a significant responsibility to continue advancing the company's development and modernization. CGES is entering an investment cycle exceeding €200 million, which will further enhance the transmission network, strengthen power system security, and create conditions for greater integration of renewable energy sources. The goal is not only to address energy transition challenges but also to become a key driver of the energy transition in Montenegro and the broader region.

In CGES's shareholding structure, the Montenegrin government controls 55.4% of shares, Serbian transmission system operator Elektromreža Srbije (EMS) holds 15%, and its Italian counterpart Terna holds 22.1%.

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