Alexandru Stanean, who has been interim general manager since November 10, will coordinate the export operations of Teraplast group.
Hotoleanu joined Teraplast in October 2016 when he was appointed member of Teraplast’s Executive Board. Hotoleanu will keep this position, the company said in a statement.
Teraplast Bistrita group had a turnover of RON311 million in the first nine months of 2016, up 10% on the year. The group’s net profit rose 37% to RON30 million. Teraplast group includes Teraplast, the Plastsistem subsidiary, the Teraglass subsidiary (starting April 2015), the Teraplast Moldova subsidiary, the Teraplast Logistic subsidiary (starting June 2016) and Politub (a jointly controlled entity).