Snjezana Pauk, a member of the managing board of the state-run power supplier (HEP) and a new entry in this year's chart, is the second most powerful business woman.
Nevenka Becic, the Kerum company's director and a sister of Split Mayor Zeljko Kerum, has moved downward by one place this year to rank third.
She is followed by Gordana Kovacevic, the Ericsson Nikola Tesla CEO, who has also slipped by one place.
Irena Jolic Simovic, a member of the managing board of the Croatian Telecommunications, has retained the fifth place on the list.
The list of 100 most powerful CEOs, 150 members of managing boards and 50 members of supervisory boards was compiled according to findings of a survey conducted by Lider and Poslovna.hr.
Those 300 women have managing power of EUR 32 billion, which is by 35 percent more than in 2009.