Pawel Musial, who was already executive president of the company will also take over the CEO duties, a position he held between 2010 and 2015, when the network started fast-paced expansion ahead of the sale in 2016. Back then Enterprise Investors sold the retailer to buyout investor Mid Europa Partners for a record amount of EUR533 million.
Expansion continued under the supervision of Daniel Cirstea, who took the reins in 2015. He had previously served as chief operating officer of Profi and with him at the helm the retailer expanded to almost 1,200 stores, becoming the store chain with the largest network in Romania.
Daniel Cirstea will now be taking a short break and return to Profi later, the officials of the company announced without providing further details.
Profi has almost 1,200 stores and more than 17,000 employees. In 2018, it posted 5.9 billion lei sales, 25% higher than in the previous year.
(English version by Loredana Fratila-Cristescu)