Romanian steel producer Liberty Galatzi introduces fresh management, aims to hire new General Manager
Romania's largest steel producer, LIBERTY Galatı, is undergoing a significant management reshuffle as it works to stabilize its operations and deliver on its transformation goals.
Ajay Aggarwal, Chairman of the Board at LIBERTY Galatı, has returned as the interim General Manager. Aggarwal, who brings over 35 years of experience in trading, finance, and international operations, previously served as General Manager at LIBERTY Galatı from 2021 to 2023. His return aligns with the company's efforts to navigate financial challenges and secure a stable future.
Cornel Moisescu has been promoted to Head of Production at LIBERTY Galatı, overseeing the full production process, including upstream and downstream operations. Moisescu's extensive experience in the steel industry will be instrumental in this role.
Aida Nechifor, who brings over 20 years of experience at the Galatı steelworks, has been appointed as Head of Finance. Nechifor, who is also the President of UniRomSider, Romania's national union of steel producers, will play a crucial role in the company's financial restructuring.
The leadership team at LIBERTY Galatı is now Romanian-led, reflecting the company's commitment to local management and expertise. This shift comes as the company partners with a global executive search firm to recruit additional top-tier executives.
Oana Petrescu, a restructuring expert with three decades of experience in finance and turnaround management, has been appointed to LIBERTY Galatı's Board of Directors. Petrescu has played a central role in shaping the company's restructuring plan, which is being supported by restructuring experts.
Radu Ionescu, who has been General Manager of LIBERTY Galatı, is stepping down from his role but will continue to support the company as an adviser and business partner. Ionescu's departure marks a new chapter for LIBERTY Galatı as it works to secure its future and maintain its significant role in supplying steel to sectors like defense, infrastructure, shipbuilding, construction, and energy.
[1] - https://www.libertygalati.ro/en/ [2] - https://www.reuters.com/business/liberty-steel-galati-romania-avoids-bankruptcy-2023-03-10/ [3] - https://www.libertygalati.ro/en/about-us/executive-team/
- Ajay Aggarwal's return as interim General Manager at LIBERTY Galatı aligns with the company's efforts to navigate financial challenges and secure a stable future, utilizing his extensive experience in trading, finance, and international operations in the business sector.
- Aida Nechifor, as Head of Finance at LIBERTY Galatı, will play a crucial role in the company's financial restructuring, leveraging her over 20 years of experience at the Galatı steelworks and her standing as the President of UniRomSider, the national union of steel producers in Romania's industry sector.
