This is Ciurtin’s second appointment in the Executive Board of a company after that within Policolor, a company controlled by investment fund RC2. The Ciurtin family and RC2 had been the largest shareholders of Albalact before the company’s sale to French-held giant Lactalis.
Shareholders also reconfirmed, in their general meeting, the other members of the Executive Board, who had also been Board members previously, namely, Dorel Goia (majority shareholder of Teraplast), Magda-Eugenia Palfi-Tirau, Teofil-Ovidiu Muresan and Razvan Stefan Lefter.
Teraplast’s shareholding structure includes businessman Dorel Goia, who is also partner of construction company ACI Cluj and holds a 46.8% stake in Teraplast.
Teraplast group reported a 17.5% higher turnover on the year in the first half of 2016, of RON193 million, and a 52% higher net profit of RON19 million.