Romanian's flag carrier Tarom appoints new CEO

Mr. Costin Lordache is the new CEO of Romania's airline TAROM, according to an official statement from the company.

"The Board of Directors of TAROM Company decided on Friday, January 5, 2024, to appoint Mr. Costin Lordache as the interim CEO of the company. Costin Lordache is a graduate of the Academy of Economic Studies and the Leadership Excellence program at the University of Berlin. Mr. Lordache has over 18 years of experience in renowned national and international companies, such as ABN AMRO BANK, Romtelecom, or Telekom Group", according to the company’s press release.

Lordache was CEO of TAROM between January and October 2023. During that time, he directly contributed to stabilizing the company, leading it through an important phase of its restructuring, according to the company’s press release.

"The Board of Directors of TAROM Company considered ensuring the continuity of the company's activities and the restructuring plan undertaken by the management. Mr. Costin Iordache's mandate effectively begins on the first day when Bogdan Popescu, the former CEO of TAROM, concludes his activities within the company," the company write in the press release.

The main objective of the management team remains the implementation of the restructuring plan that will lead to the revitalization of the company and its transformation into a profitable and modern organization, including those stages that previously require approvals from external forums.