Sphera’s Executive Board also appointed Silviu Carmaciu to the position of Vice-Chairman of the Board. Hoanca and Carmaciu’s terms are valid until 2023.
On October 9, 2020, Sphera Group appointed Calin Ionescu as chief executive officer, effective as of October 8, 2020 until May 1, 2023. Ionescu had been interim CEO since April, when former CEO Georgios Argentopoulos resigned.
Sphera owns the KFC, Pizza Hut and Taco Bell franchises in Romania and develops the KFC brand in the Republic of Moldova and Italy.
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%).