Oresa recruits executive team for Sonriso constructions company

Swedish investment fund Oresa Ventures, which last year took over three subsidiaries of construction materials producer Somaco, via Sonriso Investments, has recruited Sorin Miron, former CFO of Michelin Romania, for a similar position within Sonriso. The investment fund has also appointed three other managers (executive, commercial and technical), whose cumulated experience in the constructions sector spans 40 years, with the new team to be announced at the end of March. "Oresa's strategy after the takeover of a company is to strengthen its management team and improve its sales and marketing departments. At the end of the month, we will announce the identity of the four managers who will run the department over the next five years and who will manage future investments into developing the Sonriso business," said Cornel Marian, executive manager of Swedish private equity fund Oresa Ventures. According to market sources, the commercial manager position will be filled by Eugen Pitic, who had the same position in Xella Ro, the Romanian subsidiary of the world's largest ACC producer.