ZF English

Ţiriac extends Petru Văduva's term as CEO

Autor: Bogdan Alecu

09.12.2010, 00:13 21

Ion Alexandru Ţiriac, representative of the shareholder in themanagement boards and in the boards of directors of membercompanies of the Ţiriac group, says Petru Văduva's term as CEO ofŢiriac Holdings has been renewed, with the contract signed almosttwo years ago set to expire at the beginning of next year.


"We are extremely happy with Mr. Văduva's performance and wewill continue our collaboration in the future. As CEO of the Ţiriacholding, Mr. Văduva is operationally responsible for all interestsof the Ţiriac family," said Ion Alexandru Ţiriac, the son ofbusinessman Ion Ţiriac.
Ţiriac Holdings, a business controlled by billionaire Ion Ţiriac,which operates on markets such as the auto segment, real estate,financial services and aviation, last year neared the onebillion-euro mark, according to market estimates. The holding owns15% in Metro Cash & Carry Romania, 45% in UniCredit Ţiriac Bankand 47% in Allianz Ţiriac Romania among other stakes.


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