The decision of the board comes after the termination of office as a non-executive director of Razvan Lefter, who was part of the TeraPlast board of directors for 6 years, representing the KJK Balkan Holding investment fund that held a 10.05% stake in TeraPlast SA. In November 2020, the fund sold its full stake in the company.
Anghel will hold the interim non-executive director position until the ordinary general meeting of shareholders on April 28, 2021.
Anghel holds a PhD in economics and a bachelor’s degree in cybernetics and economics, graduating a postgraduate course at Washington Georgetown University. He has 25 years of experience in the financial-banking field, occupying over time various management positions such as chief economist, coordinator of the structuring plan for privatization, deputy treasurer, director of strategy, CEO of institutions such as banks or a pension fund.
He was also a member of the Board of Directors of some asset managers – mutual funds and worked as an external expert of the World Bank. Anghel was the Chairman of the Bucharest Stock Exchange Board for 8 years, and at present he holds the position of CEO at Banca Romaneasca and Vice-president of Bittnet Systems. Anghel is one of the founders of the Association of Financial-Banking Analysts in Romania, serving as the first president of the association.