The new composition of the Company’s Executive Board is as follows: Marius-Adrian Moldovan, Executive President, Razvan-Legian Rat and Stela Corpacian, both Executive Vice-Presidents. The term of the new Executive Board is valid until April 20, 2028.
According to the report, “with over two decades of experience in the Romanian capital market, Mr. Marius-Adrian Moldovan returns to the executive team of the investment fund, which he previously led as president during 2020-2021. The roles he has held over time, both within the management and supervisory structures of Transilvania Investments and within the companies where Transilvania Investments is a majority shareholder, provide him with the necessary expertise to implement the strategic directions defined for the development of the investment fund”.
In his new mandate as Executive President, Marius-Adrian Moldovan, along with the Executive Board members, aim to achieve the main objectives set by the Transilvania Investments shareholders for the 2024-2028 period: achieving an annual growth of at least 6% in the net asset value per unit and a reduction of at least 7% in the trading discount, remunerating shareholders through a mix of instruments (dividends and reducing the trading discount), increasing the share of dividends generated by the portfolio of majority stakes, restructuring the historical portfolio, and more, as per the report.
“Transilvania Investments has now a team prepared to bring a fresh perspective and implement innovative strategies within its operations. Our primary focus remains on increasing the value of the managed portfolio, with the identification of new opportunities being crucial to meeting the ambitious objectives set for our shareholders. I am confident that, through the new leadership, we will sustain the upward trend of the recent years,” said Marius Moldovan, the new Executive President of Transilvania Investments.
On June 30, 2024, Transilvania Investments managed assets worth a total of RON2,061.88 million, up 38.19% from the value recorded in the same period of 2023, and 13.04% higher than the level recorded on December 31, 2023.
Transilvania Investments Alliance has a market value of RON752.5 million after its shares have gained 8.9% so far in 2024, amid deals worth RON38 million, in line with stock market data.