The company also announced it has appointed Doina Binig, 45, company strategy vice-president, as a member of the board.

Ilia, 47, is a shareholder of Siveco and was previously company vice-president.

“I do not wish for the current situation to affect the company’s activity. Until the situation is clarified, I have decided to step down from the position of general manager,” Socol said in a press release Friday.

Bucharest Court of Appeals ruled Thursday Socol and Aurora Crusti, the company’s commercial division deputy vice-president, will remain under arrest on charges of tax evasion. The court decision is final.

Siveco Romania was founded in 1992 and is one of the largest local software producer. According to Trade Registry data valid on August 14, company shareholders are Siveco Netherlands BV (Netherlands) – 42.7365%, Siveco International SA – 32.9167%, Irina Socol – 11.1168%, Alexandru Mihail Radasanu – 7.7184%, Florian Gabriel Ilia – 2.7189%, Siveco Romania SA – 2.5155%, Aurora Ecaterina Crusti – 0.1386% and Daniela Bichir – 0.1386%.