Țiriac extends Petru Văduva's term as CEO

Ion Alexandru Țiriac, representative of the shareholder in the management boards and in the boards of directors of member companies of the Țiriac group, says Petru Văduva’s term as CEO of Țiriac Holdings has been renewed, with the contract signed almost two years ago set to expire at the beginning of next year.

“We are extremely happy with Mr. Văduva’s performance and we will continue our collaboration in the future. As CEO of the Țiriac holding, Mr. Văduva is operationally responsible for all interests of the Țiriac family,” said Ion Alexandru Țiriac, the son of businessman Ion Țiriac.
Țiriac Holdings, a business controlled by billionaire Ion Țiriac, which operates on markets such as the auto segment, real estate, financial services and aviation, last year neared the one billion-euro mark, according to market estimates. The holding owns 15% in Metro Cash & Carry Romania, 45% in UniCredit Țiriac Bank and 47% in Allianz Țiriac Romania among other stakes.