“The company Chimcomplex SA Borzesti, as the issuer, informs investors about the appointment of Mr. Cosmin Baiu, as Deputy General Director starting in September 2022, for a term of 4 years. Mr. Cosmin Baiu will be responsible for the financial and commercial strategy of the company”, the company said in the report.
According to his LinkedIn profile, Cosmin Baiu has held the position of corporate manager within First Bank since March 2021. Previously, Baiu had been executive director at the Romanian Counter-Guarantee Fund (February 2018 – March 2021), commercial executive director at BRD Sogelease & BRD Asset Rental (October 2013-February 2018), had held several management positions within BRD (November 2011-October 2013) and key account manager at Alpha Leasing IFN (2002-2005).
Chimcomplex ended the first half of 2022 with a turnover of RON1.22 billion, up 7% on the year, and a net profit of RON165 million, down 42% on the year, due to skyrocketing natural gas and electricity prices.
Sales on the external market, mostly on the markets across the European Union, represented in the first half of 2022 almost 90.79% of total sales.
The company is 85.2% held by CRC Alchemy Holding, an investment vehicle of businessman Stefan Vuza, while the Romanian State owns almost 10% of the share capital.
Chimcomplex has a market value of RON5.5 billion. CRC shares have lost 29.4% since the beginning of 2022, amid deals worth RON43.8 million, as per stock market data.