José Medran's term as CEO with Procter & Gamble Romania is going to end at the start of this summer, after the French-born executive got from shareholders the financial resources for the biggest greenfield investment in the non-food consumer goods industry, a 100m dollar plant in Prahova county.
While Medran's term is coming to an end, the date of his departure has not been set, yet. "Discussions are held at a regional level, but taking into account several factors, including the economic context and the fact that the organisation is being redesigned internationally, the rotation interval is less of a priority now, and this is why I cannot say when the term of the CEO ends," stated Ramona Brad, an external relations group leader with P&G Romania.
Considering an expat manager normally fills this position for three to four years, Medran's leaving the helm of the Romanian company may happen this summer. "In July, everything will be clearer with regard to the term. Maybe amid this company redesign, the term will be extended to five years, and this is why I cannot say whether he leaves in summer, autumn or next year," Ramona Brad adds.
José Medran, who graduated from Ecole des Hautes Etudes Commerciales of Paris, has been running P&G Romania, the biggest player on the non-food consumer goods market, since 2005.
However, he has been working for P&G for more than 20 years. He began his career in France, and starting 2000 filled, for four years, the position of P&G CEO for Central and Eastern Europe, Middle East and Africa. A year before he came at the helm of the company of Romania, he was appointed as a vice-president for these regions.
During his term, Medran drew up the plan for the construction of a new plant, which subsequently happened in Urlati. The company will thus invest 50 million dollars until the spring of 2010 in the first construction stage of a production unit for shampoos and other hair care products, to be delivered in the Balkan region.
However, according to the group's plan, total investments in Urlati are due to reach 100 million dollars, with 300 new jobs to be created. In Romania, P&G has also held a detergent plant in Timisoara since 1994.
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