Teraplast’s Board of Directors has made significant changes to the management team since the beginning of this year, bringing Stefan Bucataru, formerly investment manager at Greek private equity company Global Finance, as general manager.
Bucataru has expertise in reorganizing and restructuring businesses.
In the first quarter, Teraplast’s net profit fell 57%, to around one million lei (EUR250,000) while its turnover climbed 10.9% to RON38.1 million (EUR9 million). (EUR1=RON4.106)