Ionescu’s mandate is effective as of October 8, 2020 until May 1, 2023.
Ionescu has been interim CEO since April, when Georgios Argentopoulos resigned.
Sphera added Anastasios Tzoulas has resigned effective October 9 from the positions of member of the Board of Directors, Vice-Chairman of the Board and member of the company’s Audit Committee.
Tzoulas, a former CFO executive manager of Telekom Romania, was appointed vice-chairman at Sphera starting May 13, 2019 and his mandate should have expired in2023.
Sphera Group reported a net loss of RON22.3 million in the first half of 2020 (excluding the impact of IRFS 16 adoption), compared with a RON18 million profit in the same period last year. Its consolidated restaurant sales stood at RON304.5 million, 31.6% lower compared with the first half of 2019.
Sphera Franchise Group is indirectly controlled by Radu Dimofte (43.7%), Nicolae Badea (21.4%), Lucian Vlad (11%) and other shareholders (23.9%).