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Batteries

Monbat Group provides a wide range of battery products and solutions for a variety of end-market applications

Automotive
Automotive
Agriculture
Agriculture
Public Transportation
Public Transportation
Marine
Marine
Defence
Defence
Industrial
Industrial
Aerospace
Aerospace
Telecommunications
Telecommunications
Renewable sources
Renewable sources

LEAD ACID BATTERIES

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The lead acid battery business focuses on the production of lead-acid automotive and stationary batteries and their servicing. The products in this segment can be divided into the following main groups:

  • starter batteries
  • stationary batteries
  • deep cycle batteries
  • special batteries
  • locomotives batteries
  • leisure batteries

RECYCLING

RECYCLING contacts

The division operates in recycling and trading activities of

  • lead acid scrap batteries
  • lead alloys
  • polyethylene and polypropylene materials

Recycling facilities are located in Bulgaria as well as in Italy, Romania and Serbia.

LITHIUM ION SOLUTIONS

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The lithium-Ion business segment operates under the EAS brand and provides cells and systems based on safe and proven LFP chemistry. The adopted cylindrical cells technology and the modular-based packing approach of the battery and systems allows EAS to maintain its attractive product range of High Power (HP) batteries for selected industries such as:

  • public transport
  • commercial fleet
  • construction machines
  • marine
  • harbour
  • and airport operations

Corporate Governance

Monbat Economic Group complies as appropriate with the National Corporate Governance Code and operates in full compliance with the principles and provisions of the Code.

Monbat is a part of group of enterprises within the meaning of §1, item 2 from the Additional provisions of the Accountancy Act and is a parent company, holding over 50% of the votes at the General Assembly of several subsidiaries.

The activities of the Board of Directors of Monbat were implemented in full compliance with the regulatory requirements set out in the Law on Public Offering of Securities and the respective implementing by-laws, in its Articles of Association and the National Corporate Governance Code.

The Corporate Board of Monbat considers that there are no parts of the National Corporate Governance Code with which the company does not comply. The National Corporate Governance Code is being applied subject to the “comply or explain” principle. This means that the company complies with the Code and in case of any deviation its corporate board should explain its reasons.

Corporate Structure

Board of Directors

Monbat has a one-tier management system.
The company is being managed by a Board of Directors including the following members:

Viktor Spiriev

Executive Member of the Board of Directors

Viktor Spiriev

Executive Member of the Board of Directors

Mr. Spiriev is a long-term member of the financial team of Monbat AD and Prista Oil, being a CFO of Monbat Group from August 2017 until August 2021. He has been part of the Monbat Group since 2016, when he held the position of Chief Financial Controller. In Prista Oil he has been an IFRS Specialist and Consolidation Manager at Prista Oil Group from October 2013 to 2016. Before that he held the position Senior Consultant in PriceWaterhouseCoopers.

Viktor Spiriev has solid audit experience gained during his professional engagements as a senior auditor at PwC. In 2013 he acquired the ACCA (the Association of Chartered Certified Accountants) qualification. In 2019 he won the CFO OF THE YEAR 2018 award in the Liquidity and Risk category in a competition endorsed by Forbes and organized by E&Y Bulgaria.

He graduated in Business Administration at the American University in Bulgaria as Summa Cum Laude.

Chavdar Danev

Chairman of the Board of Directors

Chavdar Danev

Chairman of the Board of Directors

Chavdar Danev graduated Economic cybernetics from the Moscow Institute of Management (now the State University of Management) in Moscow, Russia in 1987. He holds a doctorate in economics after defending his dissertation in 1991.

Chavdar Danev has many years of experience in the financial and banking system, as well as in corporate structures before joining the team of Prista Oil Holding in 2004.

He is currently a Member of the Management Board of Prista Oil Holding EAD and a Member of the Board of Directors of Monbat AD.

Peter Bozadjiev

Member of the Board of Directors 

Peter Bozadjiev

Member of the Board of Directors 

Peter Bozadjiev is Chief Operating Officer of the economic group. Prior to this, Mr. Bozadjiev has acted as Group Financial Director (CFO) of Monbat for a period of five years, as well as program manager of the long-term optimization and improvement program in the group.

Mr. Bozadjiev has also been appointed General Manager of Monbat holding GmbH – the company into which the newly acquired lithium-ion companies Gaia and EAS Germany are to be transformed and which will usher in a diversified stream of business to Monbat over the next five years.

Peter Bozadjiev has long-standing experience in corporate management and business transformations. This has also been his primary business scope as Senior manager in PwC Consulting, IBM Global Business Services and KPMG Operational Restructuring.

Petar Hristov

Member of the Board of Directors

Petar Hristov

Member of the Board of Directors

Petar Hristov graduated Academy of Economics “Dimitar A. Tsenov” Svishtov. In his career development he holds managing positions in Postbank AD, Montana and TU State Financial Control, Montana.

He joined the team of Monbat AD in 1998.

Petar Hristov has held positions in the Company as Chief Accountant, Executive Director, Chief Operating Officer and Member of the Management Board. Since 2015 he has been a Procurator of Monbat AD. Member of the Board of Directors of Monbat NBP EAD.

Prof. Evelina Slavcheva, DSc, PhD

Independent member of the Board of Directors

Prof. Evelina Slavcheva, DSc, PhD

Independent member of the Board of Directors

Evelina Slavcheva is a professor at the Institute of Electrochemistry and Energy Systems (IEES) – Bulgarian Academy of Sciences (BAS). Her scientific interests are in in the field of electro catalysis, hydrogen technologies, and electrochemical power sources: fuel cells, hydrogen generation and storage, batteries. Mrs. Slavcheva holds M.S. in Electrochemistry from the University of Chemical Technology and Metallurgy, Sofia, Bulgaria and has acquired a PhD and DSc degrees at BAS.

She has worked in the National Physical Laboratory, Teddington, UK as a Royal Society grand holder and has carried out post-graduate specializations at the Institute of Applied Science, Iserlohn; The Institute of Physical and Theoretical Chemistry, Bonn University; RWTH-Aachen University, Germany. Her professional experience includes practical roles such as National Coordinator of EU research projects, Coordinator of bi-lateral collaborations at regional and international level, Leader of numerous research projects.

Prof. Slavcheva is a supervisor of PhD students, as well as being the author and co-author of more than 90 scientific publications that are consistently cited in specialized literature. She is a member of the Bulgarian Electrochemical Society, Bulgarian Hydrogen Society, International Society of Electrochemistry, and Marie Currie Association.

Kyle Anderson

Independent member of the Board of Directors

Kyle Anderson

Independent member of the Board of Directors

Kyle Anderson is the founding principal of CPA KPA and he has more than twelve years of experience working as a tax professional. He is a former public accounting professional with PricewaterhouseCoopers LLP and CliftonLarsonAllen LLP. Kyle earned a Master of Business Tax degree from the University of Minnesota-Twin Cities and a Bachelor of Science degree from the University of Wisconsin-Madison. Kyle is a certified public accountant registered with the Minnesota Board of Accountancy (cert. # 30201). As a young man in his twenties Kyle lived and worked as an English teacher in Russia, Ukraine, and Ecuador and is a fluent speaker of Russian and Spanish.

Functions and Obligations

The Board of Directors

The members of the Board of Directors base their actions on common principles of integrity and managerial and professional competence. The Board adopted and follows an Ethics Code.
The Company has an integrated and functioning risk management system, including an internal audit as well as a financial-information system.

Committees

Shareholders