Between October 2009 and July 2014, Cerchez was acquisition and logistics manager for Tiriac Holdings (Tiriac Auto, Tiriac AIR, Tiriac Real Estate and Tiriac Financial). He also worked for Hewlett Packard Bucharest & Geneva, as acquisitions manager (2005-2007) and as strategy and acquisitions manager between November 2007 and October 2009.
Hidroelectrica, the country’s largest power producer, was court-ordered into a second insolvency process in February this year, less than eight months after completing a one-year reorganization process.
Hidroelectrica is 80.05%-owned by the state, while investment fund Fondul Proprietatea (FP.RO) holds a 19.95% stake.