“The general meeting of the shareholders unanimously decided the following: Mr. Bendei Ioan will be relieved of his administrator duties as of the date this decision is registered with the Trade Registry. Mr. Popoviciu Valentin will be elected as administrator (…) for a four-year term as of the date this decision is registered with the Trade Registry,” the Official Gazette reads. The Foto Distributie SRL shareholders met on November 17, 2015.
Valentin Popoviciu, one of the key people in the management team of RCS&RDS, has been working for the company since 1998. He has gradually moved up the ladder, becoming development director before being promoted to vice-president.
Popoviciu, the executive who is the main public voice of the cable TV operator, is also the man attacking the energy market watchdog ANRE, as the operator plans to take the next step on the energy market and secure electricity distribution licenses. It already operates as a supplier.
RCS&RDS is the largest cable TV and fixed Internet service provider in Romania and ranks second on the telephony and DTH service segments. It also provides mobile telephony services.
(English version by Loredana Fratila-Cristescu)