“The decision to give up the mandates of Chief Executive Officer and member of the Board of Directors of the company was discussed and agreed with the other members of the Board of Directors. At the same time, during the meeting held on June 29, 2022, the Board of Directors decided to nominate Ioan-Adrian Bindea, Chairman of the Board of Directors, as the company’s interim Chief Executive Officer for a six-month period or until the nomination of a new Chief Executive Officer – whichever occurs first,” according to a press statement.
Liviu Stoleru officially took over as CEO of ROCA Industry starting with January 2022.
Liviu Stoleru is the former CEO of construction material manufacturer Cemacon Cluj (CEON.RO), a company with a market value of RON343 million and majority owned by Paval Holding, the investment vehicle of brothers Adrian and Dragos Paval who own do-it-yourself (DIY) retailer Dedeman. Stoleru took over the position of CEO of Cemacon in 2010 and announced his resignation in early December 2021.
ROCA Industry has been listed on the AeRO market of Bucharest Stock Market, since January 2022 and has a market value of RON170 million. Traded under the stock market symbol ROC1, it is also included in the BETAeRO index, which includes the most relevant companies on this market. ROCA Industry serves as an umbrella for various Romanian construction material manufacturers.
ROCA Industry ended the first quarter of 2022 with a consolidated net profit of RON0.25 million attributable to the parent company (loss of RON0.55 million) and non-controlling interest (NCI) (profit of RON0.8 million), as per its financial report for the first quarter of 2022 released at the Bucharest Stock Exchange.
ROCA Industry’s shareholding structure includes ROCA Investments SA (with an ownership stake of 59.8%), Mihai Bîrliba, the majority shareholder of BICO Industries (5.73%), with other shareholders owning 34.3%, in line with stock market data.