Shareholders of Turism Felix have voted on the new composition of the Board of Directors. The board reflects the changes in the management of the majority shareholder SIF Transilvania, where Marius Moldovan has taken over the executive leadership from Mihai Fercala, who held the position for over 25 years.
The Ordinary General Meeting of Shareholders of Turism Felix, a company operating 5 hotels in Baile Felix, voted on the new structure of the Board of Directors. The vote is a consequence of the 63.20% stake in the hotel company held by SIF Transilvania (SIF3), including the appointment to the board of Marius Moldovan, the general manager of the SIF, and Nicolae Petria.
Tudor Ciurezu, president of SIF Oltenia, a company with a 28.97% stake in Turism Felix, obtained the most votes and was elected to the Board, which also includes Mihaela Susan and Radu Petrea.
Total semi-annual revenues of Turism Felix have fallen.
The company’s revenues decreased by 56.74%, to 14.37%, from 33.22 million RON in 2019, to 23.22 million RON. The reported loss amounts to 8.95 million RON, compared to the negative result of approximately 369,000 RON in H1 2019.
Turism Felix operates 5 hotels in Baile Felix, namely International (4 stars), Termal (3 stars), Nufarul (3 stars), Poienita (3 stars), and Mures (2 stars). As of June 30, the company had total assets of 238.35 million RON, down 1.46% from 241.90 million RON on January 1.
Frequently Asked Questions
Who is the new president of the Board of Directors at Turism Felix?Marius Moldovan, the general manager of SIF Transilvania, has taken over the position of president following the shareholders’ vote.
Which hotels are included in the Turism Felix portfolio?The company operates 5 hotels in the Baile Felix resort: International (4*), Termal (3*), Nufarul (3*), Poienita (3*), and Mures (2*).
Who are the major shareholders of Turism Felix?The main shareholders are SIF Transilvania, with a 63.20% stake, and SIF Oltenia, which holds 28.97% of the shares.