Daniel Farmache Takes Over the Role of E-INFRA Group CEO, Starting 2019

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Bucharest, December 12, 2018 – E-INFRA (Electrogrup Infrastructure S.A.) today announces thatDaniel Farmache, one of the most reputable managers and financial professionals of the young generation and current group Deputy CEO, will take over the role of CEO of the holding, starting January 1, 2019.

Marian Pantazescu, current CEO and one of E-INFRA’s shareholders, will continue to guide the group strategy as member of the Board.

“E-INFRA is a success story of Romanian entrepreneurship, with a solid team of specialists and a continuous self-improvement mentality. I am delighted to take and share the Group’s responsibility to improve people’s livesvia modern Infrastructure. I see ourselves becoming a landmark infrastructure company, using the best international practices to boost development where it’s needed the most. For this to be achieved, we will consolidate our top team holding-wide and will focus on growing synergies among the subsidiaries. The end goal is to deliver an integrated offer to our national and international clients – from telecom and energy services, to industrial constructions, at the highest standards,” Daniel Farmache said.

Daniel Farmache has joined the E-INFRA management team in May, as Deputy CEO, after previously being part of the investment banking division of Citigroup in London, where he worked on the largest IPOs and M&A mandates in Central and Eastern Europe, Middle East and Africa. Prior to this role, Daniel Farmache has worked within the Romanian Citi office for large Romanian capital companies, in capital market transactions and various credit structures. In 2016, Daniel Farmache was a counsellor to the Prime Minister and Chief of Staff within the Labour Ministry.

“To us, as shareholders, Daniel Farmache is the new generation of management, already bearing the maturity and experience needed to take charge of a complex mission and lead E-INFRA, with the shareholders’ support, towards new development stages. We have always advocated promoting and developing talented youngsters and Daniel will have our full support,” Marian Pantazescu, current E-INFRA CEO, said.

Daniel Farmache holds a MBA within the London Business School, with a Massachusetts Institute of Technology stage. He is also licensed with First Class Honours in Banking and Finance in the UK – University of Reading, ICMA Centre, and Law, in Bucharest – Nicolae Titulescu University, as well as CFA (Chartered Financial Analyst) certificated.

 

About E-INFRA

E-INFRA (Electrogrup Infrastructure S.A.) is a group of five companies active in infrastructure, with the role of sustaining the quality of life through a modern infrastructure.

The E-INFRA group is active in two infrastructure areas: owning and operating telecomunications and energy infrastructure, and professional infrastructure services.

Electrogrup SA, Direct One SA, Netcity Telecom SRL, Nova Power & Gas SRL and WESEE SRL are part of the group, employing a combined number of over 700 and generating a consolidated turnover that exceeded 100 million Euro, in 2017. Additional information is available at www.e-infra.ro.

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