Ursus Breweries GM to step down next month

Business Forum
Dan Timotin, General Manager of beer maker Ursus Breweries since July 2025, will leave the company at the end of February 2025, according to a company statement.

"During his eight months of activity, Dan efficiently fulfilled his key responsibilities and made a contribution to the organisation. He approached the role with energy and involvement and consistently demonstrated high-level leadership capacity, as well as solid international experience gained throughout his career," said Dragoş Constantinescu, CEO of Asahi Europe & International, the parent of Ursus Breweries.

Constantinescu added that in a challenging macroeconomic context, Timotin led the company in the second half of 2025 and achieved the main objectives together with his management team, despite business environment constraints. "Dan is a pragmatic and attentive leader, with a clear strategic vision and a collaborative approach, demonstrating a performance-oriented mentality," he said.

Timotin has previously held general manager roles in North Macedonia, Czech Republic and Egypt, previously occupying top management positions in Hungary and Poland. He has over 20 years of experience in the fast-moving consumer goods (FMCG) industry, covering various categories including soft drinks, coffee, beer and premium spirits.

RECOMMENDED
Simtel Team appoints new CEO
Energy

Simtel Team appoints new CEO

Romanian energy company Simtel Team has appointed Petre Stoian as CEO to consolidate its management structure as the group expands its operations.

NEPI Rockcastle names COO Marek Noetzel as new CEO
Real estate

NEPI Rockcastle names COO Marek Noetzel as new CEO

Nepi Rockcastle has appointed Marek Noetzel as its new Chief Executive Officer, effective 1 April 2026. Noetzel, who has served as the company's COO since June 2022, will succeed current CEO Rüdiger Dany.

RECOMMENDED FROM THE HOME PAGE
Hidroelectrica posts 122% profit surge in Q1 2026
Energy

Hidroelectrica posts 122% profit surge in Q1 2026

Romanian energy giant Hidroelectrica recorded a net profit of €263 million in the first quarter of 2026, marking a 122% increase compared to same period last year, according to a report submitted to the BVB.

Industry

Digi Communications reports 10% revenue growth in Q1 2026

Digi Communications reported consolidated revenues of €583 million in Q1 2026, a 10% year-on-year increase. At the same time, adjusted EBITDA (excluding IFRS 16 impact) reached €161.2 million, up 15% compared to Q1 2025.

Industry

Uber launches hotel bookings and AI voice features

Uber Technologies announced new products and features at its annual Go-Get product event, including hotel bookings and travel tools that are planned to roll out globally in the coming months.

Finance

CEC Bank gets rating upgrade from Fitch

Fitch Ratings has upgraded CEC Bank's Long-Term Issuer Default Rating from BB to BB+ with a Stable Outlook, following the publication of Fitch's updated Bank Rating Criteria on 8 May 2026.

READ MORE
Business Forum  |  15 May, 2026 at 11:00 AM
Business Forum  |  15 May, 2026 at 7:26 AM