The FIC’s Board of Directors elected its executive management. Eric Stab – President

The Foreign Investors Council’s – FIC new Board of Directors elected, on June 7, 2016, the four members of its executive management: the President, the Vice Presidents and the Treasurer. For the past almost 20 years the FIC has worked closely with Romanian policy makers in a joint effort to improve the country’s investment landscape and to promote sustainable economic growth and the new Board of Directors, with its elected President, will continue this effort, a release from the council informs.

The executive management team, with a mandate until May 2017, consists of:

• President – Eric Stab, Chairman & CEO, ENGIE Romania, Country President Romania & Poland, ENGIE;
• Vice-President – Daniel Anghel, Tax Partner, PricewaterhouseCoopers Romania;
• Vice-President – Mihai Bogza, Chairman of the Board of Directors, Bancpost;
• Farrukh Khan, Partner in Charge – Assurance and Risk Services, Deloitte Romania.

Eric Stab, elected President for a second term, reinforced the FIC’s commitment to work towards improving Romania’s business environment and economic development for the benefit of the business community and society, at large.

“I want to thank my colleagues from the new FIC Board for giving me the mandate to lead FIC as it goes into its 20th year of existence. This will mark an important anniversary for our organization, which has been a constant voice of the business community in Romania. Going forward, we believe Romania finds itself in a crucial moment in time.

In the 26 years that have passed since the fall of the Communist regime, Romania has embarked on an ambitious road to a functional free market and integration in the Euro-Atlantic community. The country is today a market based economy and a member of NATO and the European Union. However, belonging to this select group is not enough of an ambition. Romania should aim to become wealthy and prosperous as it has never been before. Citizens and the civil society together with political and business leaders should come together around an ambitious country project designed to bridge the development gap between the country and other EU peers.

It is FIC’s belief that, if Romania manages to build a backbone of robust and first rate infrastructure, with its vibrant and skilled people and more efficient use of resources, it will not only advance statistically in terms of GDP and economic output, but it will bring the welfare and security its citizens desire.

Starting with this mandate and in the coming years, the FIC will work hard towards this goal together with all who share it and have similar ambitions for Romania,” Eric Stab said.

The new FIC Board of Directors was elected by the general assembly on May 10, 2016 and, according to the constitutive act of the organization, the mandate of the Board is for one year.