Ana Barbara thus becomes the first independent Chairwoman since the company’s inception in 1997.
“Appointment of Mrs. Ana BOBIRCĂ, independent director, as Chairwoman of the Board of Directors of TTS. Following her appointment as independent member of the Board of Directors in the O-GSM of August 21, 2025, with the votes of the shareholders representing 75% of the share capital of TTS (99.8% of the votes cast), and the retirement of Mr. Alexandru-Mircea MIHĂILESCU, Mrs. AnaBarbara BOBIRCĂ was elected Chairwoman of the Board of Directors of TTS, thus becoming the first independent Chairwoman since the establishment of TTS in 1997,” the report reads.
“In recognition of his contribution and his decisive role in the creation and development of the Company and of the TTS Group, the Board of Directors decided to grant Mr. Alexandru-Mircea MIHĂILESCU, upon his retirement, the title of Honorary Chairman of TTS. Although the title does not entail executive or decision-making responsibilities, Mr. Alexandru-Mircea MIHĂILESCU will thus remain alongside TTS and the Group, and the Group will continue to benefit from the experience and deep knowledge of TTS’s field of activity that Mr. AlexandruMircea MIHĂILESCU has accumulated during an exceptional career at the head of the Company and of the Group, which he founded and built with vision and courage,” the report also shows.
TTS reported consolidated revenue of RON160.5 million in January-March 2025, down 33% on the year, and switched to RON14.9 million loss in the first quarter of 2025 versus profit of RON32.1 million in the year-earlier period, in line with its financial report.
TTS shares have traded 38% lower over the last 12 months and 4% higher so far in 2025, triggering a market value of almost RON900 million.