Calburean has filled the position of Dafora general manager for 18 years. He will continue to chair the company’s managing board, Dafora said in a statement Wednesday.

Calburean owns about 50% of the company’s shares. Firm Foraj Sonde Craiova, controlled by businessmen Marius and Emil Cristescu, holds a 13.67% stake in the company.

Dafora registered losses of 15.6 million lei (EUR3.5 million) last year, up from RON1.39 million in 2011. Revenues climbed 25% to RON214.6 million from RON162 million.

In Bucharest Wednesday, Dafora closed up about 1%, at RON0.0411 a share. (EUR1=RON4.3615)