Bulgac replaces Alexandru Oprea, the executive who unexpectedly stepped down last month after 18 years with the company.
Serghei Bulgac is an RCS&RDS veteran and is a manager that bankers love because he speaks their language. He has been with RCS&RDS since 2003, after having been part of the team at private equity firm Epic, which owns stake in the cable TV company.
RCS&RDS is a company with more than EUR600 million revenue a year.
Its officials did not provide any comment by press time.
(English version by Loredana Fratila-Cristescu)