Ancuța steps down as general manager of Sibex exchange after 16 years

Teodor Ancuța says he will resign at the end of April as
general manager of Sibex exchange, but will remain chairman of the
Board of Directors, with the executive management to be taken over
by a foreigner with expertise on European capital markets.
“I have to take care of my Păltiniș business. (…) It’s time
for someone else to take over executive management of Sibex. I will
hand over executive management and the administrative side in the
review General Meeting on April 28-29th. Until then, I will have to
bring the people I have spoken to over so they can see what things
are like here, and then, towards the end of March, we are hoping to
decide in the GM who the future general manager will be,” said
Ancuța. He added that among the factors that prompted him to resign
are the failure to achieve two of his goals, the listing of a
minimum of five companies on the spot market in its first year of
functioning and the listing of Romgaz gas producer on Sibex. Ancuța
has been chairman of the Board of Directors of Sibex ever since the
establishment of the Sibiu-based exchange in 1994.