Relad loses two top managers

Relad, the second largest pharmaceuticals distributor on the market, with an estimated business of over 250 million euros, has lost its executive management, after Robert Popescu, president of the group, and Valentin Toncean, vice-president, left their positions at the company. The two men have already submitted their resignations, sources from the market told ZF. Company representatives refused to make any comment on the reported information. The company has recently seen several management changes, as a result of its planned expansion into countries in South-Eastern Europe. Robert Popescu, former general manager, was appointed president of Relad, and one of its main goals is to increase the group’s visibility on international markets.