eMAG appoints new CEO, enters new stage of business development

eMAG enters a new stage of development with investments of over 3.2 billion RON in the next three years to support the accelerated development of online commerce and announces an evolution of the executive team, which will lead the company’s expansion at the regional level. Thus, Tudor Manea takes over the role of CEO from Iulian Stanciu, who becomes Executive President of eMAG.

Iulian Stanciu will continue to be involved in shaping the development strategy, in the analysis, prioritization and approval of investments and budgets, together with the new CEO.

In the next three years, the eMAG group will strengthen its presence in the region through investments amounting to 785 million RON. In Hungary, where the company merged with Extreme Digital two years ago, the target is to reach one billion Euro in sales over the next five years. In Bulgaria, eMAG will continue to expand its physical presence after opening its first showroom in Sofia last year and will focus on developing and improving its services for the benefit of customers.

Also, a budget of 447 million RON will be allocated for the development of Romanian technology to be exported to all countries where eMAG is present and which will benefit other entrepreneurs in the eMAG ecosystem. The company is investing in the development of the technology team, which currently has over 700 people, and this year will be expanded by another 100.