“The management of Sphera Franchise Group S.A. (hereinafter referred to as the “Group”) informs the market about the extension of the mandate of Mr. Valentin Budes as CFO of the Company, the new mandate being valid until 08.02.2028, as well as the mandate of Mrs. Monica Eftimie as Marketing Director, the new mandate being valid until 01.07.2028. The mandate of Mrs. Monica Eftimie will also be suspended for a period of 10 months starting from 11.12.2024, during this period Mrs. Eftimie being on parental leave. The decision was taken during a meeting of the Board of Directors of the Group, held on 24.10.2024,” the report reads.
Sphera Franchise Group is valued by investors at RON1.59 billion and its largest shareholders are Tatika Investments Limited (with an ownership stake of 28.6%), Computerland Romania (20.5%) and Wellkept Group (17.1%), as per stock market data.