The report also shows that the Board of Directors also decided to terminate the mandate of Steven Hunt as Chief Executive Officer, effective May 15, 2025.
Cosmin Soaita is an entrepreneur and economist with international experience in strategic management, internal audit, procurement, and structured finance. He has been a member of Chimcomplex’s Board of Directors since August 2024. He holds a master’s degree in industrial strategy from Université Paris 1 Panthéon-Sorbonne and a PhD in economics from the same university, obtained through a tripartite partnership between academia, the French government, and Lafarge. Over a 12-year period with Lafarge, he held various positions, including several years as an expatriate at the company’s Paris headquarters, where he engaged directly with the group’s global management. Upon returning to Romania, he launched his own entrepreneurial initiatives in Sibiu and became an associate lecturer at the Lucian Blaga University of Sibiu, teaching courses in controlling and management.
In his statement following the appointment, Cosmin Soaita said: “I am honored by the trust placed in me by the Board of Directors of Chimcomplex through my appointment as CEO. This is a professional challenge in the current context, marked by both international and domestic turbulence. We are fully committed to implementing a roadmap that strengthens short-term resilience while preserving Chimcomplex’s position as a regional leader in chemistry. We will rely on the skills of our teams, our robust industrial structure, and the entrepreneurial agility we aim to embed in the company’s DNA.”
Chimcomplex posted RON2.7 million consolidated net profit in 2024, down 89% from the RON18.6 million level reported in 2023. Consolidated sales stood at RON1.5 billion, up 7% year-over-year, according to ZF’s calculations based on the annual report published at the Bucharest Stock Exchange.
CRC shares have traded 36% lower over the last year, triggering a market capitalization of RON2.8 billion. The company’s main shareholders are CRC Alchemy Holding (84.8%) and the Romanian State (9%).