“Societatea de Investiții Financiare Oltenia S.A. informs investors that Mr. Radu Hanga, nonexecutive board member of the Board of Administration of S.I.F. Oltenia S.A. has resigned from this position as from 04.05.2020”, the report reads.

SIF Oltenia has a market value of RON1.2 billion and is run by Tudor Ciurezu, one of veterans of regional investment funds (SIFs) in Romania.