Ciucioi mandate will expire at the company’s next general stockholders’ meeting.
SIF Banat-Crisana is Vrancart’s largest stockholder, with a 74% stake. He was named company’s general manager in 2013, while before that he worked as senior manager at consultancy company PricewaterhouseCoopers Romania and as audit manager at Ernst&Young.
The other members of SIF Banat-Crisana Board of directors are Bogdan Dragoi, president and general manager, Octavian Avramoiu, vice-president, Ștefan Dumitru, Ion Stancu, Valentin Chiser and Dan Weiler.
SIF Banat-Crisana posted a net profit of 3.8 million lei in August alone and of RON51.3 million in the first eight months. The fund’s net assets were RON1.757 billion end-August, down 3.8% from the previous month.
(English version by Manuela Panescu)