“Starting from June 1, Mr. Steven Hunt, a British citizen, will assume the position of CEO of the company. With over 40 years of executive experience, Mr. Hunt has held various leadership positions in Europe, Asia, and America, consolidating his expertise in general, commercial, and strategic management. In recent years, he has held key roles, including Vice President for Development and Commercial Strategy at Nouryon Technology Solutions in the United Kingdom, Marketing Director for Polymer Chemicals at AkzoNobel in the United States, and Vice President for Organic Peroxides at AkzoNobel in China. In the positions he has held, Mr. Hunt has successfully improved the operational and financial performance of companies by implementing growth and efficiency strategies. By successfully managing the product portfolio and operations, he has contributed to increasing the profitability and market share of the companies he has worked for”, as per the report.
His experience also includes the successful management of expansion and restructuring projects, such as relocating a manufacturing plant to China and closing a production unit in the Netherlands, Chimcomplex representatives said in the report.
The company also appointed Adrian Teotoc to the position of Chief Financial Officer (CFO), for a four-year term, starting from June 1, 2024.
“Mr. Adrian Teotoc has assumed the position of CFO of the company, bringing extensive experience in financial and accounting fields accumulated over more than 18 years in various industries, including construction, automotive, and commerce. As Financial and Administrative Manager at Humana People to People Romania and Flexitech Romania, he successfully led the financial and administrative operations of the companies, ensuring compliance with international financial reporting standards and achieving substantial growth in financial performance. He possesses solid skills in financial reporting, control, management, and financial analysis, being qualified to provide strategic recommendations and implement actions to improve the company’s profitability”, the report also shows.
Chimcomplex had revenue of RON1.36 billion in 2023, down 43% on the year, and net profit of RON75 million, from RON266 million in 2022.
Chimcomplex, valued at RON4.7 million, is 85%-owned by CRC Alchemy, 9% by the Romanian State, as per stock market data. CRC shares have lost 14.4% in the last 12 months, amid deals worh RON31.5 million.