New Board for Bulgartabac

Source from:  Tobacco Reporter 11/03/2011

The recently privatized Bulgartabac has a new management board, according to a Novinite story quoting an announcement made by the Bulgarian stock exchange yesterday. The new board of directors is Alexander Yurievich Romanov, Yavor Nikolaev Draganov, Angel Dimitrov, Ventsislav Zlatkov Cholakov, and Miglena Petrova Hristova. Alexander Romanov is one of the executives of VTB Capital, a subsidiary of the Russian Foreign Trade Bank (VTB). Cyprus-based VTB Capital last month acquired 79.83 per cent of Bulgartabac through its Austria-registered firm BT Invest for €100.1 million. Angel Dimitrov, who was CEO of Bulgartabac in 2008, was in charge of the company's units in Plovdiv and in Stara Zagora in 2000 and 2003-2005. Enditem