Grosan took over the Board president position on Friday, according to a company’s report sent to the Bucharest Bourse.
Bucataru equally resigned from the positions of administrator and general manager.
Traian Simion, former general manager with Albalact (ALBZ.RO), will step in as company’s general manager February 1.
Teraplast said its loss narrowed to RON1.36 million in the first nine months, helped by higher sales. Also, total sales increased 9.3% to RON179.7 million in the first nine months, from RON164.3 million in the year-earlier period.
Teraplast has a share capital of RON29.7 million, divided into 297.8 million shares with a face value of RON0.1.
The company is 34.2% owned by Dorel Goia, while investment funds SIF Banat-Crisana (SIF1.RO) and Finland’s KJK Fund II hold 11% and 6.31%, respectively.
Friday, Teraplast closed up 0.44% at RON0.23 a share in Bucharest. (EUR1=RON4.3481)