Purcari Wineries CEO “mutually” agrees exit

Core Viewpoint - Purcari Wineries is undergoing a leadership change with CEO Alexandru Filip departing and founder Victor Bostan appointed as the new CEO to ensure continuity in strategy execution following Maspex's acquisition of the company [1][2][3]. Leadership Changes - Alexandru Filip has mutually agreed to leave his position as CEO, with Victor Bostan taking over to maintain leadership continuity [1][2]. - Krzysztof Grabowski, founder and president of Maspex Romania, has been appointed as the non-executive chairman of the board [2]. Acquisition Details - In July, Polish food and beverage group Maspex acquired Purcari through a voluntary takeover offer valued at 604 million lei ($136 million) [3][4]. - Maspex now holds a 72.5% stake in Purcari, while Bostan retains a 15% shareholding [4]. Financial Performance - For the first nine months of the year, Purcari reported revenue of 300.6 million lei, reflecting a 15% increase compared to the same period in 2024 [4]. - However, EBITDA decreased by 1% year-on-year to 84.7 million lei, with the EBITDA margin narrowing by five percentage points to 28% [5]. - Net profit fell by 17% to 36.1 million lei, and the net margin decreased from 17% to 12% year-on-year [5].