Chimcomplex has completed operations to integrate Oltchim assets


Chimcomplex has completed the integration operations and has a new executive team, one year after the acquisition of Oltchim’s assets, in accordance with the initial strategic plan, a company statement reveals.

“This improves the management structure of the company and transfers several management functions at the regional level. The executive team is separated from the administrative one, the new management system being designed to facilitate the implementation of the development strategy in the most balanced way. The newly appointed executive is supported by the Board of Directors on principles of corporate governance, and together they will implement the company’s development plan for the period 2020 – 2022. Chimcomplex executives are competent and experienced leaders for positioning the company towards sustainable growth. They bring global expertise in the industry, commercial and production, strengthening the company,” according to the statement quoted by Agerpres.

Thus, the position of general manager of the Chimcomplex has been assumed since the beginning of February 2020 by Tivadar Runtag. Throughout his career, he has held management positions in Hungary, Turkey, Czech Republic and Romania, within international companies such as OMV and Shell. Prior to this new position, Tivadar Runtag was the CEE Cluster Manager at Prista Oil.

“Chimcomplex is a strong, developing company in the international market. I am looking forward to implementing the new strategy to turn Chimcomplex into a sustainable, market-oriented and financially stable regional chemical company, built on a valuable tradition and with a clear vision which promises growth,” said Tivadar Runtag, CEO of Chimcomplex.

Tivadar Runtag will lead a newly formed team that will coordinate financial, commercial, production and distribution operations. In this regard, Adrian Dumitriu will take over from April the position of Chief Financial Officer (CFO) of Chimcomplex.


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