Starting from the beginning of this year, Stefan Bucataru, former general manager with ceramic tile producer Sanex Cluj, will run the operations of Global Finance-Greece, one of the top investment fund managers in the region.
"The new management team corresponds with a new stage in Global Finance's strategy for Romania, where we are already planning long-term investments," Stefan Bucataru told Ziarul Financiar.
Bucataru, 42, worked previously as general manager of Sanex Cluj, a company taken over last spring by the Lasselsberger family of Austria, who are owners of one of the largest construction material businesses in Europe.
Bucataru's team includes Radu Momanu, a former corporate finance and treasury manager for Carpatcement Romania, the domestic branch of German cement manufacturer HeidelbergCement.
In the 2000-2004 period, both men were involved in the restructuring of large industrial facilities such as Sanex Cluj and the cement plants Casial Deva, Moldocim Bicaz and Romcif Fieni.
Bucataru managed the restructuring of the Sanex business after being "placed" with the management of the company by a Canadian consultancy that was hired by the company's main shareholder.
Before that, he worked in various industries, including the multinationals Colgate Palmolive (consumer goods industry - FMCG), Friesland (dairy products) and SAB (beer).
Global Finance has been involved in several investment funds for Romania and the Balkan region, where it has invested sums of up to half a billion dollars. The different funds managed by Global Finance include Black Sea Fund (launched in 1998) and Global Growth Fund (launched in 2003), which focuses on small and medium-sized enterprises and in which one of the shareholders is the European Bank for Reconstruction and Development.
The largest of these is Black Sea Fund, with a capitalisation of about 100 million dollars.
Global Finance Romania's investment portfolio is made up of Sicomed (a top pharmaceuticals producer), Chipita Romania (FMCG), Orange (mobile telephony), Delta Romania (ice cream), Loulis (bakery), Neoset (furniture), Germanos (GSM equipment chain), Romcolor (adhesives for plastics) and Axxon Romania (trade).
Stefan Bucataru will enter the Sicomed board on behalf of the majority shareholder Venoma Holdings, the investment arm in which Global Finance is involved.
adrian.mirsanu@zf.ro
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