Victor Semyonov also left the company and resigned from his post as Chief Operating Officer. The new CEO is the company’s former executive director Alexandru Morar. According to a statement released by NEPI, the announcement takes effect immediately.

"The main objective of my mandate is to continue growth and to expand our investments so as to strengthen our leadership position," said Alex Morar.

NEPI’s Romanian portfolio includes shopping centers Mega Mall, Promenade and Vulcan Value Center in Bucharest, City Park Constanţa, Ploieşti Shopping City, Brăila Mall, Galaţi Shopping City si Value Center, and office buildings Floreasca Business Park, The Lakeview in Bucharest City Business Centre Timisoara. (source: cijjournal.com)