Business leaders in Bosnia and Herzegovina reveal different succession plans

Two prominent business leaders in Bosnia and Herzegovina are implementing distinct strategies for the future of their enterprises. Petar Ćorluka, founder of the Violeta group, is preparing a multi-generational transfer of management. To ensure the company remains family-owned and headquartered in Grude, he has established a family constitution, a family board, and a supervisory board. The company is being reorganized into a holding structure, with management roles for long-term employees.

In contrast, Snježana Kopruner, owner of GS-Tvornica mašina Travnik, intends to establish a foundation to manage her factories. Her approach prioritizes giving her children the freedom to choose their own career paths rather than mandating they take over the family business.

These individual strategies highlight the broader challenges of business continuity; data cited by Forbes BiH indicates that only 30 percent of American family businesses survive the transition to the second generation, with even lower rates for subsequent generations.