Marian NĂSTASE (1972)

Chairman and non-executive member of the Board of Directors since 25 April 2019
Chairman of the Remuneration & Nominations Committee since 12 August 2019
Marian Nastase graduated from the Academy of Economic Studies in Bucharest where he majored in foreign trade. Mr. Nastase has extensive experience in financial consulting and auditing. He has worked at Deloitte & Touche in Romania, amongst other accountancy firms.

In 2002, Marian Nastase joined ALRO as the Executive Director in charge of all financial affairs of the Company. Mr. Nastase was subsequently appointed as Vimetco Country Manager Romania and his current mandate covers all Vimetco Group operations in aluminium, natural gas and electric power in the country.

Svetlana Pînzari

Svetlana PÎNZARI (1961)

Vice-president since 8 November 2019
Non-Executive Member of the Board of Directors since 25 April 2019
Svetlana Pînzari graduated at Columbia University, New York where she majored in Economics. She performed an internship at International Monetary Fund. Mrs. Pinzari has large experience in banking. She hold management positions for several commercial banks and for Central Bank being responsible for corporate governance, investments, treasury, and national payment system. She acted as Head of Assets and Liabilities Committee, member of Credit Committee and as a member of Board of Directors.

She joined Alro as Deputy Financial Director; in 2006 she was subsequently appointed as Chief Financial Officer of Alro’s Group and as member of Board of Directors for Alro’s and Alum’s until 2013. She was responsible for budgeting, reporting, accounting and treasury.

Afterwards, she joined Vi Holding LLC as Economic Director. Mrs. Pinzari portfolio of responsibilities covered the following major areas: financial planning, budgeting, controlling and reporting.

Gheorghe DOBRA (1959)

Executive Member of the Board of Directors since 25 April 2019
Member of the Risk and Sustainability Committee since 5 March 2020

Gheorghe Dobra, PhD, Executive MBA graduated from the Bucharest Polytechnic Institute, Romania in 1984 and joined Alro where he passed through all stages of a successful professional career. Since 1993, he is the CEO of the Company. His main achievements in the Company are:
• successful privatization of the Company between 2000 - 2002;
• increased the Company’s economic and financial performance;
• technical and technological upgrade to the highest international standards
• increased high and very high added value production;
• substantial investments in the environment, which led to improved working conditions and greening the whole company;
• reduced costs, focusing on increasing energy efficiency;
• re-engineering the organization with positive effects on business optimization;
• ALRO accreditation as a supplier for the demanding market of aerospace and automotive industries;
• increased the number of social programs for employees and the local community;
• increased the Company's creditworthiness on aluminium international market;
• vertical integration of production cycles within the Group.

Pavel Machitski

Pavel MACHITSKI (1983)

Non-executive member of the Board of Directors since 25 April 2019

Pavel Machitski holds a diploma in Finance and International Business from New York University, Stern School of Business. Pavel Machitski has joined Vimetco N.V. as Deputy CFO in 2009. In 2011 he was appointed as Vice President of the Board of Directors for Alum and board member with conjunct power within Vimetco Management Romania, Vimetco Trading, Vimetco Power Romania and Conef.

Pavel Machitski’s role includes, among other responsibilities, business development, strategy, financial planning, mergers & acquisitions, financing, budgeting, controlling and reporting, investor relations and risk management. In 2013, he was appointed as member of Alro’s Board of Directors. Before joining Vimetco Group, Machitski worked at Morgan Stanley where he acted as an advisor in numerous transactions in EMEA region (Europe, Middle East and Africa) focusing on capital markets and mergers & acquisitions advisory.

Aleksandr Barabanov

Aleksandr BARABANOV (1979)

Non-executive Member of the Board of Directors since 25 April 2019
Member of the Risk and Sustainability Committee since 5 March 2020

Aleksandr Barabanov graduated cum laude from the Moscow State Institute of International Relations and is a Certified Internal Auditor, CFA Charterholder, a member of the Chartered Alternative Investment Analyst Association (CAIA) and an ACCA (Association of Chartered Certified Accountants) fellow member. Barabanov has an extensive experience of more than 17 years in accounting, reporting and auditing of large industrial companies, mainly in the energy, mining and metals industries. He joined Rinco Group/ Vi Holding in 2006 and is currently Head of Accounting and Corporate Reporting Department and prior to its employment at Rinco Group/Vi Holding, Barabanov was the Senior Manager of the Financial Analysis Department at JSC Tatnelf. He also worked as an audit consultant at CJSC PricewaterhouseCoopers Audit (Energy and Mining Department).


Vasile IUGA

Vasile IUGA (1954)

Independent Non-executive Member of the Board of Directors since 25 April 2019
Chairman of the Audit Committee since 25 April 2019
Member of the Remuneration & Nominations Committee since 12 August 2019
Chairman of the Risk and Sustainability Committee since 5 March 2020

Mister Iuga is one of the most experienced business consultants in Romania, with over 27 years of extensive experience in the implementation of International Accounting Standards, financial audit, evaluation and business restructuring, corporate governance, in takeovers, mergers, business acquisitions, privatisations and strategic consultancy, in energy, finance, industry and capital markets, in Romania and Eastern Europe. Before, he worked for 12 years in the aeronautical industry, as testing engineer. He is a graduate of The Faculty of Aerospace Engineering of Politehnica University of Bucharest. He also attended executive trainings with Harvard Business School, INSEAD Paris and IMD Lausanne.

He began his consulting career in PwC Romania in 1991, where a long period of time (2004-2016) was Country Managing Partner for Romania, being the first local partner appointed Managing Partner in Central and Eastern Europe in PwC. He acted in PwC until 2016, last position held being member in the Management Board of PwC for Central and Eastern Europe.

Mister Iuga is a member of a number of professional bodies: Association of Chartered Certified Accountants from UK, The Chamber of Financial Auditors of Romania (CAFR), The Body of Licensed Accountants and Expert Accountants in Romania (CECCAR), The National Association of Authorized Romanian Valuers (ANEVAR).

In present, he is a member of the Audit Committee of the European Investment Bank and independent member of the Board of Directors of Patria Bank. He is an active member of the Executive Committee and Treasurer of both the Romanian Olympic and Sports Committee, and of the Aspen Institute.

In 2012, in acknowledgement of his contribution to the development of entrepreneurship in Romania and the important role in development of the professional services in Romania, Mister Vasile Iuga was awarded the title of Professor Honoris Causa from Babes-Bolyai University in Cluj-Napoca, Romania.



Marinel BURDUJA (1953)

Independent Non-executive Member of the Board of Directors since 25 April 2019
Member of the Remuneration & Nominations Committee since 12 August 2019
Member of the Risk and Sustainability Committee since 5 March 2020

Mr. Marinel Burduja was born in 1953 and he graduated the Academy of Economic Studies, Faculty of International Business and Economics in 1976. Moreover, in 1982, Mr. Burduja obtained an international law degree from the Faculty of Law of the University in Bucharest.
Mr. Burduja is a banker with an extensive experience and a prodigious career.
He was the mayor of Piatra Neamt municipality (in 1990) and the first president of the Romanian Federation of Municipalities, member of the Romanian Parliament and Vice-president of the Foreign Policy Commission (during 1990 - 1991), and in banking field Mr. Burduja held for 25 years several positions as an Executive Board member in prestigious institutions such as the Romanian Foreign Trade Bank, ABN-AMRO, Credit Anstalt, Raiffeisen Bank.
Mr. Marinel Burduja has been a collaborating professor of the Romanian Banking Institute (RBI) and is a member of the Institute of International Finance (IIF) and a member of the Romanian Businessmen Association (AOAR). He has been the President of the Lauder-Reut Friendship Forum in Romania, currently being a member of this institution, too.


Laurențiu CIOCÎRLAN (1966)

Non-executive Member of the Board of Directors since 25 April 2019
Member of the Risk and Sustainability Committee since 5 March 2020

Laurentiu Ciocirlan is the Managing Partner with Equiliant Capital, an investment fund dedicated to SMEs in Romania.

Laurentiu Ciocirlan started his financial carreer as an auditor with Arthur Andersen, after which he gained experience in investing in SMEs working for the SEAF TransBalkan Romania Fund. The longest part of his professional carreer was with Raiffeisen Bank Romania, where he led the Investment Banking team and has coordinated some of the largest capital market transactions on the Romanian market, with an aggregate value of almost EUR 3bn, including the IPOs of large utilities companies such as Transelectrica, Transgaz, Romgaz, Electrica or for dynamic private companies in various sectors such as Teraplast (construction materials), Medlife (healthcare services) or Purcari Wineries (alcoholic beverages). He also coordinated a large number of corporate and municipal bond issues, including the largest one issued by the Bucharest Municipality, worth EUR 500m.

Oana-Valentina TRUȚA

Oana-Valentina TRUȚA (1980)

 Independent Non-executive Member of the Board of Directors since 25 April 2019

Oana-Valentina Truţa graduated with a Bachelor's degree in Finance and Insurance from the Babes Bolyai University in Cluj-Napoca and a Master's degree in Quantitative Economics and Finance from the same university. Ms. Truţa has experience in investment management and portfolio analysis and is specialized in finance and capital markets. She was part of the Emerging Market Group’s investment team at Franklin Templeton Investments between 2010 to 2018. During her tenure at Franklin Templeton Ms. Truţa has been responsible for several companies within the Fondul Proprietatea portfolio. She has also served as member of the Board of Administrators for Hidroelectrica, Transgaz, Electrica Distributie Muntenia Nord, Electrica Distributie Transilvania Nord and Electrica Furnizare.



Voicu CHETA (1981)

Non-executive Member of the Board of Directors since 25 April 2019

Voicu Cheta is a lawyer at the Bucharest Bar Association with a legal experience of over 15 years. His speciality practises covers various areas such as high-value commercial litigation, commercial arbitration, insolvency and restructuring, labour relations, public procurement, administrative litigation, debt recovery and corporate law. In the field of legal advice and representation before law and arbitration courts, he has gained an overall view and proven competences to approach commercial legal relationships in a manner that ensures their correlation with the needs of economic activity.


Pavel PRIYMAKOV (1981)

Non-executive member of the Board of Directors since 8 November 2019

Pavel Priymakov graduated from the Academy of Labor & Social Relations, Legal faculty, Civil law, Moscow in 2003. He is currently the Director for international legal affairs of “Vi Holding” LLC. Before joining ViHolding Group he was the General Counsel of a Central European Aluminium Company (subsidiary of En+ Group, Russia) and before that the Head of the Legal Department of the law firm “Padva & Epshtein” (Russia). Between 2002 and 2010, Pavel Priymakov held various legal positions in a consulting company and worked in several development and industrial companies in Russia gaining an extensive practical experience in the law field.

The Board of Directors of ALRO is composed of 11 members out of which 3 are independent.


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