ALRO announces CEO leadership transition: Marin Cilianu to succeed Gheorghe Dobra, who will continue on Board of Directors

Thu, 26/09/2024 - 16:34

Slatina, 26 September 2024– ALRO S.A. (BVB: ALR, “the Company” or “ALRO”), one of the largest vertically integrated aluminium producers in Europe, measured by production capacity, announces a leadership transition as Marin CILIANU has been appointed as the new Chief Executive Officer, in the Board of Directors meeting held today, 26 September 2024, for a mandate until 31st July 2027, succeeding Gheorghe DOBRA, who has decided to step down after over three decades of exemplary service. While Gheorghe DOBRA will be stepping away from the role of CEO, he will continue to contribute to ALRO's strategic direction as a member of the Board of Directors.

"We extend our deepest thanks to Gheorghe DOBRA for his visionary leadership and commitment. His contribution has been integral to making ALRO a global leader in the aluminum sector," said Marian NĂSTASE, Chairman of the Board of Directors. "We look forward to benefiting from his continued insight and guidance as he will maintain his role in the Board of Directors. We are also looking forward to continuing our strategic development with the support of Marin CILIANU, who proved his professional capabilities over the 12 years he worked as COO of ALRO Primary Aluminium Division and 30 years within the Company".

A Legacy of Excellence: Gheorghe Dobra

Since joining ALRO in 1984, Gheorghe DOBRA has navigated the company through an era of profound transformation and growth. Appointed CEO in 1993, he was pivotal in securing the company's successful development, while elevating ALRO’s economic and financial performance. Under his leadership, the company achieved numerous technical and technological upgrades, positioning it at the forefront of the aluminum industry globally. His tenure is marked by several milestones, in the USD 900 million investments rolled over the past 20 years, from upgrading the production of high and very high added-value aluminum products, to significantly increasing the energy efficiency and reducing the environmental footprint. He played an instrumental role in securing the accreditation as a supplier to the aerospace and automotive sectors and consolidating ALRO’s place in the international aluminium market.

Introducing Marin CILIANU

Marin CILIANU, a pillar for ALRO’s future, currently holds the position of Director of Operations – Primary Aluminium. With a career at ALRO starting in 1994, Marin CILIANU is well-prepared to assume the role of CEO. Throughout his tenure, he has held key positions, contributing significantly to the company’s development by modernizing production processes, coordinating projects for ALRO to become a supplier to the aerospace industry, managing investment activities, and organizing operations for the company’s subsidiaries in Romania and abroad.

Marin CILIANU graduated from the Faculty of Materials Science at the Politehnica University of Bucharest and holds a PhD obtained in 2004 with the thesis “Magnetohydrodynamic Phenomena in Industrial Molten Electrolytes”. He also earned an Executive MBA from ASSEBUS & Washington University. Marin CILIANU is a co-author of several patents and has presented papers at both national and international conferences. Additionally, he is a non-executive member of the Board of Directors of Alum Tulcea.

For further information, please contact:

www.alro.ro

Florența Ghiță

Bucharest

Phone: +40 744 644 004

Email: investor.relations@alro.ro

Notes to the Editor:

ALRO Group
The companies’ part of ALRO Group are: ALRO S.A. – manufacturer of aluminium, ALUM S.A. – producer of alumina, Vimetco Extrusion S.R.L. – extrusion business line, Conef S.A. – holding and management company, Vimetco Trading – aluminium sales and CCGT- Power Isalnita- associate.

ALRO
ALRO is a subsidiary of Vimetco PLC (Republic of Cyprus), a global, vertically-integrated primary and processed aluminium producer. The structure of ALRO shareholders is: Vimetco PLC (54.19%), Paval Holding (23.21%), Fondul Proprietatea (10.21%) and others (12.39%).

ALRO is one of the largest vertically integrated aluminium producers in Europe, by production capacity, with a production capacity of 265,000 tpa of electrolytic aluminium, an Eco-Recycling capacity 100,000 tpa, resulting in a production of recycled liquid aluminium of 94,000 tpa. The capacity of the Aluminium Cast House is 309,600 tpa and the processing capacity is 140,000 tpa of cold and hot rolled facilities and extrusion division.

The main market for ALRO products is represented by the European Union; the Company exports its products to the USA and to the Asia as well. ALRO is ISO 9001 certified for quality management and has NADCAP and EN 9100 certificates for aerospace production organizations, ALRO products adhere to the quality standards for primary aluminium on the LME, as well as international standards for flat rolled products.

Since 2020, ALRO and Vimetco Extrusion have been members of ASI (Aluminium Stewardship Initiative), an international association that contributes to enhancing sustainability in the global aluminium sector. In 2023, ALRO and Vimetco Extrusion achieved the first certification in Europe under ASI’s Third version of Performance Standards.