Plastic systems maker Teraplast (TRP.RO) has appointed Stefan Bucataru as general manager starting May 2, replacing Florin Radu Urite, who resigned citing personal reasons.
The new chief will have a one-year mandate.
Stefan Bucataru, 45, is the owner and manager of consultancy firm Veldtster Management & Consulting. Prior to going into business on his own, Bucataru was investment director at private equity firm Global Finance.
Urite has been a part of the Teraplast team since 1996, and in 2008 he was appointed general manager.
The company has a share capital of 29.7 million lei (EUR7.3 million), divided into 297.8 million shares with a face value of RON0.1.
Teraplast is part of the Teraplast group, which also includes the companies Politub and Plastsistem.
The company’s largest shareholders are Dorel Goia (34.2%), SIF Banat-Crisana (SIF1.RO – 10.8%) and managing board president Emanoil Viciu (10.15%).
Teraplast shares were trading mid-session Thursday at RON0.55, up 8.91% on the day. (EUR1=RON4.076)